In a rather “environmentally concerned” approach to cut down on the carbon emission from flights, Lufthansa will start commercial biofuel flights daily between Hamburg and Frankfurt in a six-month trial from April 2011. The move to operate an aircraft engine with biofuel over a long stretch of six months, is first of its kind in the world.
The Volvo C70 has been converted into electric with a battery-electric powertrain by a Swedish company called Electroengine.
Reports on Tuesday suggested that Google's bid to acquire collective-buying site Groupon now stands at $5.3 billion compared to earlier estimates that quantified the deal at $2.5 billion.
Oppenheimer has initiated coverage on China's ShangPharma with an outperform rating and price target of $17, saying the company is well positioned to benefit from the rising Chinese clinical/contract research organization (CRO) industry.
The U.S. General Services Administration, which runs the government fleet, bought at least 14,584 hybrid vehicles in the past two fiscal years out of 145,473 during the last two years. That's about 10% of 145,473 vehicles the Government Services Administration purchased in that period.
General Motors India said announced it has crossed 100,000 unit of sales in Indian market and this is the first time it has crossed this mark in a calendar year since its inception in India.
U.K.'s Halma Plc, the health and safety sensor technology group, posted strong interim results and said it is well placed to perform equally strongly in the second half.
U.K.'s Northumbrian Water Group reported a higher profit for the first half as revenue rose 5 percent, and said it was well placed to maintain a strong financial performance. The provider of water and waste water services lifted its interim dividend by 7.5 percent to 4.72 pence.
Global law firm Davis Polk & Wardwell has strengthened its Hong Kong office by appointing Paul Chow, a leading M&A lawyer, as a partner and head of the regional office.
British law firm Linklaters has poached on Freshfields Bruckhaus Deringer partner Chris Howard by appointing him as a partner for its London office.
Cravath, Swaine & Moore, a premier New York law firm, has kicked off the BigLaw bonus season by announcing bonuses ranging from $7,500 to $35,000 for its associates who have been employed at the firm prior to September 1, 2010.
Spectrolab, a subsidiary of Boeing, has started mass production of its newest solar cell, offering efficiencies higher than any previous models, the company says.
India's Mahindra & Mahindra (M&M) said on Tuesday that it has agreed to acquire 70 percent interest in South Korea's Ssangyong Motor Company Limited (SYMC) for $463.6 million, in an attempt to gain momentum in global markets.
A federal district court judge, who was arrested last month for purchase and use of drugs and illegal possession of firearms, has pleaded guilty and has agreed to step down from the bench.
Pharma giant Merck said it discontinued Isentress once daily study in treatment-naïve adult HIV-1 patients after it failed to show non-inferiority to the treatment regimen that included Isentress twice daily.
Indian Prime Minister Manmohan Singh is not guilty of inaction but was misguided by the Law Ministry and the bureaucrats and hence delayed in filing replies to the complaints of an opposition lawmaker who sought sanction to prosecute 2G spectrum scam accused Andimuthu Raja, the Attorney General of India has submitted before the Supreme Court.
In a deal worth $2.5 billion Google is rumored to have acquired the collective daily deal provider Groupon, beating Yahoo, to capture the hottest company on the web.
In Massachusetts of the United States, 41 largest public companies have no women on their board of directors and 52 percent of the 100 companies have no women executive officers, according to The Boston Club's latest report.
In celebration of Cyber Monday, JetBlue launched a Top Secret Sale for customers traveling from Boston and New York metro airports to six domestic and international destinations, including Barbados, Cancun, Las Vegas, Orlando, Saint Lucia and Tampa.
Over 106 million Americans plan to shop on Cyber Monday, the ceremonial kickoff to the online holiday shopping season, up significantly from the estimated 96.5 million who shopped last year, a survey showed.
The U.S. online retail sector delivered double digit growth on Black Friday 2010 compared with the year-ago levels, according to a report from IBM. The findings showed that online sales rose 15.9 percent, with consumers pushing the average order value up 12.1 percent to $190.80.
Tata Motors-owned British premium carmaker, Jaguar Land Rover on Friday launched the diesel version of its luxury sedan XF in India.
While the process of relaxation of visa rules between Russia and European Union appears to be stuck in a limbo, one of Europe’s leading tour operator, Thomas Cook, joins hands with Russia’s Intourist to get a foothold in the Russian tourism market.
Toyota is all set to launch their most ambitious car Etios in India and is likely to be priced at an aggressive entry price of 525,000 rupees (Ex-Showroom, New Delhi).
The CARe 500, the electric car based on the much-loved, ultra-compact FIAT 500, will now be available at a starting price of €23,900 ($32,900).
A recent scientific discovery has emerged which could clear the way for a low-cost, even disposable, e-reader.
As the stock market focuses its gaze upon the holiday shopping season, two of the most prominent companies in the retail sector that may attract much attention are Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT).
Microsoft announced its gains in mindshare with 15,000 developers building apps for its recently launched Windows Phone 7.
Japanese automobile joint venture Nissan Motor India Limited will unveil the diesel variant of its Micra compact hatchback car in December second week.
Bad debt related to credit cards in China rose in the third quarter, as the amount of money 180 days past the due date increased sharply.
