Boeing has turned away Southwest Airlines, Boeing’s best customer to date having sold a whopping 477 Boeing 737s to the company alone. Southwest Airlines that flies only Boeing 737s wanted to add two more places on its recent order of 80. However,...

US carmaker Ford has admitted that it plans to borrow $18 billion to get back on its feet from its rapidly worsening financial condition. What’s more, Ford has also admitted that it was pawning its US plants as collateral for the latest loans....

The YouTube like video-sharing site Break.com has announced that they will pay handsomely for user-generated videos. They said that they would pay $400 for normal user-generated clips and up to $2,000 for animated shorts. However, what will qualify...

The Italian government has floated a new conflict of interest law that may weaken Silvio Berlusconi’s dominance of the Italian television and help rival media baron Rupert Murdoch, Chairman and CEO of News Corp in the country. Under the proposed...

The world’s largest retailers Wal-Mart is poised to enter the retail market in India following an agreement with India’s Bharti Enterprises. The two companies announced that they have entered into a deal to what they termed as -...

Google has reached an agreement with the Belgian copyright groups Sofam and Scam who represented about 3700 photographers and journalists respectively. Google lost a copyright case initiated by the group Copiepresse that was representing French and...

Sony has announced that it is recalling eight models of its popular Cyber-shot digital cameras after finding a glitch in its LCD display screen. Sony revealed that due to a glitch in the image sensor, the screen doesn’t display the image...

The US dollar has fallen steeply against major world currencies today amid concerns for the US economy. It plunged to its lowest level against the euro in more than one and half year as the euro sold for $1.30 a dollar. Similarly, the Pound Sterling...

The fate of Russia seems to be jinxed forever when it comes to freedom of speech, human rights and political freedom. First there were the Czars, then came the Reds and when the Iron Wall crumbled the world heaved a sigh of relief. It seemed that...

A study by Pew Internet and American Life Project found that 12 percent of internet users in the US has downloaded a podcast, which is a 5 percent increase from findings earlier this year by the same group. This might seem to be a good trend for the...