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Facebook reports spike in government requests for data
By Yasmeen Abutaleb and Sudarshan Varadhan SAN FRANCISCO/BANGALORE (Reuters) – Facebook Inc said in a report on Wednesday that government demands for its user data surged in the first half of 2015, taking a trend that began at least two years ago when the company … More: Facebook reports spike in government requests for data Read More →
U.S. Air Force defends bomber competition process
U.S. Air Force Secretary Deborah James defended on Tuesday the process that selected Northrop Grumman Corp to build the next-generation U.S. bomber, saying it was “very deliberate” and included a number of independent reviews. James said the Air Force stood by its decision, announced last month. GAO is due to rule on the issue by Feb. 16, 2016. Original post: U.S. Air Force defends... [Read more]
GE, Alstom land $5.6 billion deals to supply Indian railway
General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India's railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise. France's Alstom has been picked to… Go here to read the rest: GE, Alstom land $5.6 billion deals to supply Indian railway Read More →
Luxury brands suing Alibaba say mediation looks futile after Ma comments
SHANGHAI/NEW YORK (Reuters) – Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands… Here is the original post: Luxury... [Read more]
Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times
(Reuters) – British luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of 4.5 billion pounds ($6.8 billion) and build 1 million cars per year by the end of the decade, the Sunday View original here: Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times Read More →
Boeing eyes new partnerships, sees upward pressure on 737 output
Boeing expects to announce new industrial partnerships with an emphasis on defense at the Dubai Airshow, expanding on tie-ups in commercial aerospace, executives said on Saturday. Gulf-based sources have said they expect Boeing to expand its ties with both companies at the Nov 8-12 air show. “There will be a couple of announcements at the show related to increased partnerships and I'll... [Read more]
Obama rejects Keystone XL pipeline in win for greens
U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who campaigned against the project for more than seven years. “The pipeline would not make a meaningful long-term contribution to our economy,” Obama told a press conference. The denial of TransCanada Corp's more than 800,000 barrels per day project will... [Read more]
New York investigating Exxon over climate statements: source
(Reuters) – The New York attorney general has launched an investigation into whether Exxon Mobil Corp misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records, emails and other documents, a source familiar with the investigation said on Thursday. Exxon on Thursday... [Read more]
Icahn nods at Valeant interest, pushes for cash repatriation law
Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would deter so-called tax inversion deals. “I’m not in Valeant, well, I don’t want to say I’m not completely in it but I’m not going to tell you where I am with it,”... [Read more]
Honda drops Takata air bag inflators after U.S. fine, ban on volatile chemical
TOKYO/WASHINGTON (Reuters) – Honda Motor Co said it was ditching air bag inflators made by Japan's Takata Corp , after the top U.S. auto safety regulator on Tuesday fined the supplier $70 million and ordered it to stop using… See the original post here: Honda drops Takata air bag inflators after U.S. fine, ban on volatile chemical Read More →