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Bombardier to scrap 7,500 more jobs as CEO deepens cost cuts

Bombardier Inc. will cut an additional 7,500 jobs -- more than 10 percent of its workforce -- as the maker of trains and airplanes accelerates a restructuring plan after taking on billions of dollars of debt developing its ma

Industry News

Card breach can hinder PM Narendra Modi’s quest to go cashless; here’s how

India’s quest to become a cashless economy has been dealt a blow by a data breach that compromised as many as 3.2 million debit cards.

Banking & Finance News

Mukesh Ambani, India needs you to keep spending: Gadfly

On Thursday, Ambani's Reliance Industries announced operating profit before exceptional items of 107.95 billion rupees ($1.62 billion), a 36 percent jump from the year-earlier quarter.

Mukesh ambani, reliance jio News

China to Surpass US as World’s Largest Aviation Market by 2024

China is set to overtake the U.S. to become the world’s largest aviation market by passengers by 2024 as more people take to the skies domestically and internationally, according to the International Air Transport Associati

World News

Hillary Clinton’s 85 Slogans Explain 2016 Campaign: Francis Wilkinson

Hillary Clinton's slogan -"Stronger Together" - is less rousing but at least it's targeted at a majority. Like almost everything in this campaign, it is shaped by the outlandish anomaly of Trump's candidacy.

Hillary Clinton, Hillary Clinton president candidate, Hillary Clinton news, Hillary Clinton candidate US president News

Snoopy, Loved as Friend, Lacking as Leader, Gets Boot at MetLife

When MetLife Inc was looking for a lovable face in the 1980s to appeal to individual customers, the cartoon character Snoopy was just the right beagle. Now that the company is exiting the US retail market and focusing on grou

Industry News

Relax, America, Democracy Will Survive Donald Trump: Leonid Bershidsky

There's a lot of shock and horror about Donald Trump's refusal to say during Wednesday night's debate that he'd accept the result of the November 8 vote.

World News

The Beatles move to dismiss copyright suit over footage of famous concert

On the verge of last month's release of Eight Days a Week - The Touring Years, a Ron Howard-directed film showing live performances of The Beatles, a surprising lawsuit was filed by the company assigned Sid Bernstein's intell

Entertainment News

Pierce Brosnan Apologizes for Controversial Pan Bahar Ad

Pierce Brosnan apologized for his appearance in an Indian advertising campaign for a controversial breath freshner that many people see as a health risk.

pan bahar, pierce brosnan, pan bahar controversy, pierce brosnan pan bahar fraud, pan bahar advertisement, financial express News

Nestle cuts sales forecast as emerging market growth slows

Nestle SA, the world’s biggest food company, cut its full-year forecast after nine-month revenue rose at the weakest pace in more than a decade, hurt by slowing growth in emerging markets and deflation in most of Europe and

Industry News

BlackRock Boosts India bond holdings on carry, room for easing

BlackRock Inc., the world’s largest money manager, has been increasing positions in Indian local-currency bonds in the past two months, lured by attractive carry returns and the prospect for more monetary easing.

Economy News

Shale drillers going long — not deep — in the oil patch

Long is the new deep. Just ask SM Energy Co., which on Tuesday spent $1.6 billion to expand its acreage in America’s most prodigious oil patch, the Permian Basin.

World News

US banks face new demands to guard themselves from hackers

Hackers who relentlessly pursue banks may run into tougher defenses as the Federal Reserve and other U.S. regulators force the biggest lenders to plug any vulnerabilities.

World News

Apple wants to get inside your new home before you even buy it

In a darkened master bedroom, David Kaiserman stood in shirtsleeves next to a turned-down king bed. “Good morning, Siri,” he said to the iPad in his hand, and the lights went on while the blackout shades retracted.

Industry News

Oil rises to 15-month high on US supply drop, OPEC optimism

Oil rose to a 15-month high in New York after the Energy Information Administration reported that US crude inventories fell last week and Saudi Arabia’s energy minister said many nations are willing to join OPEC output cuts

Commodities News

Saudi Arabia to sell record $17.5 billion of bonds, biggest ever from an emerging-market nation

Saudi Arabia is planning to raise as much as $17.5 billion in the biggest bond sale ever from an emerging-market nation, according to two people with knowledge of the offering, as it seeks to shore up finances battered by the

Markets News

Boss of Auto: Carlos Ghosn on track to become first executive to head three different automakers at the same time

Nissan Motor Co. and Renault SA Chairman Carlos Ghosn is set to add that title at Mitsubishi Motors Corp., according to people with knowledge of the matter, putting him on track to become the first executive to head three dif

Industry News

Inside the iHome: Apple helps builders pitch gizmo-packed houses

Inside this four-bedroom stucco house in Alameda, California, Kaiserman, president of the technology division at construction company Lennar Corp., was pitching a vision of a home controlled via iPhone or iPad.

Industry News

Biotech investors are sweating the election too much: Gadfly

The US presidential election has made everything feel radioactive; biotech stocks are no exception. A single Hillary Clinton tweet decrying high drug prices sent the Nasdaq Biotech Index (NBI) down 4.7 percent in one day in S

World News

IMF sees Saudi break-even oil price drop less than forecast

The average oil price that Saudi Arabia needs to balance its budget will fall this year by only half as much as forecast six months ago, according to the International Monetary Fund.

IMF pakistan News

Why you really should read your employment contract

You spend more time at your job than anywhere else. Hosts Rebecca Greenfield and Sam Grobart take a close look at the way we live our lives at work—our frustrations, dilemmas, habits, and anything else that happens in the o

Jobs and Education News

Saudi Arabia executes Royal family member for murder

A Saudi prince has been executed after he was convicted of murder, a punishment that’s being seen as an attempt to assure Saudis that all are equal before law at a time of unprecedented change in the conservative kingdom.

World News

Chinese Firms Pick Up Equity on Pakistan’s Silk Road: Gadfly

China's push into Pakistan is shifting from building highways and ports, part of the Silk Road link to the Middle East and beyond, to taking over some of the country's key companies.

Markets News

Essar said to prepare $2.1 bn Standard Chartered Repayment

Essar Global, the holding company of India’s billionaire Ruia brothers, plans to repay about $2.1 billion owed to Standard Chartered Plc after agreeing to sell control of its refinery business, people with knowledge of the

Economy News

E-commerce shows signs of becoming rational: Gadfly

Two news items in the past 24 hours serve as positive indicators that India's e-commerce sector may be turning rational.

Industry News

Henderson’s $6 billion fund manager is hedging for equity slumps

Henderson Group Plc’s Tim Stevenson, who oversees 5.5 billion euros ($6 billion) in European assets, is preparing for a plunge in stocks

Markets News

Hillary Clinton isn’t everywoman; she’s a politician: Virginia Postrel

At the conclusion of last week’s town hall debate, a participant asked the presidential candidates to “name one positive thing that you respect in one another.” Hillary Clinton cited Donald Trump’s children while Trum

World News