COMPANIES

Flipkart also plans to commission its largest warehouse in the country this month, which is expected to create 2,000 direct jobs and nearly 15,000 indirect jobs.

Nelson Peltz has called for cost cuts at the conglomerate and wants it to sell some of its businesses, the Wall Street Journal reported, citing a document to be released Monday.

By filing for Chapter 11, the retailer said it hopes to reduce debt while resurrecting sales and growth.

In an hourlong interview with an Iranian television station, Bashar Assad blamed Western powers for destroying his country's infrastructure.

The financial institution's new strategy would lead to fewer jobs in Zurich and new jobs in both Hong Kong and Singapore.

"It's like with phone chargers, it's a bit all over the place," one Chinese official says. "Now we're trying to improve things, moving towards unifying and standardizing."

Sales of formerly popular electric cars are generally plummeting in the U.S., but rich buyers are not shying away from Tesla Motors' Model S.

Despite Volkswagen’s lack of communication about when car fixes will come, dealers from Ohio to Florida say they aren’t sweating a significant loss of sales.

The death toll is probably much higher in Europe, where more of the German automaker’s cars were sold.

The emissions tests reportedly would begin in about 10 days, with results set to be published by next May.

Hans Dieter Poetsch also indicated he believes Volkswagen could overcome the crisis.

A local report said, citing police, that a signal has been detected from the cellphone of one of the crew members.

The U.S. agency that publicized Volkswagen's cheating on emissions tests will check diesel vehicles made by other manufacturers for the possibility of similar frauds.

Nissan announced a regional recall for nearly 220,000 of its No. 4 most popular U.S. model.

Certain provisions let companies sue countries for regulations that could hurt their interests, even if those laws protect public health.

The struggling retailer is joining other U.S. companies, such as General Motors and Motorola, in attempting to lower its future entitlement obligations.

Drew Mizak, a Connecticut schoolteacher, wants Volkswagen to recall or replace the cars he bought under the impression they environmentally sound.

The Twin Otter small passenger aircraft was traveling between Masamba and Makassar on the island of Sulawesi when it lost radio contact.

The bi-annual holiday is normally a bonanza for retailers, but a drop in the number of visiting mainland Chinese looks set to inflict pain on the city's retail sector.

In September, scandal-plagued German automaker Volkswagen missed out on one of the best auto sales months in the U.S. in more than a decade.

Any current listings for either product will be taken off Amazon's online store on Oct. 29.

James Bell, former chief financial officer of Boeing, becomes the only African-American on Apple's board.

Workers are voting down a tentative agreement with automakers, opening the door for strikes at the Big Three.

But starting today, U.S. retailers who don’t have EMV card scanners face greater fraud liability.

German prosecutors said Thursday that an earlier statement about Martin Winterkorn being under criminal investigation was "formulated incorrectly."

Larry Nicholson, CEO of CalAtlantic Group, spoke to IBT about creating the fourth-largest U.S. homebuilding company, worth $5.2 billion.

Sources told Reuters there were worries that a downgrade could inflict higher borrowing costs on the company.

The retail giant is expected to cut down staff at its Bentonville, Arkansas, headquarters to cut costs and make operations more efficient, the Wall Street Journal reported.

Rising tensions across the Middle East, Europe and East Asia have kept international dollars lining the pockets of U.S. defense firms.