Entries for the ‘Business’ Category

Burning Rubber: Fires Spark Ferrari Recall

Ferrari’s newest supercar has been recalled after several vehicles were reported to have spontaneously burst into flames.

One of the world’s richest people sues Silicon Valley firms

A company linked to Microsoft Corp co-founder Paul Allen is suing 11 major corporations, including Apple, Google and Facebook, accusing them of infringing on technology patents.

When Apple will show off new iPods?

Apple Inc is expected to show off a snazzier line of iPods on September 1, as speculation mounts the consumer electronics giant may also unveil plans to reinvigorate its long-neglected TV project.

Zain Saudi Arabia Proposes to Reduce Capital, Then Issue Shares

Zain Saudi Arabia, a unit of Kuwait’s biggest mobile-phone company, is seeking investor approval to reduce its share capital by 48 percent and then raise its capital by 60 percent at an undisclosed date.

Currency paper pinch

India has refused to accept currency paper shipments from one of its biggest suppliers in Britain because of uneven production standards that could compromise the quality of printed rupee notes.

Apple replaced overheating iPods in Japan. What’s next to replace?

Japan’s trade ministry said on Thursday that Apple Inc’s Japan unit has satisfied its demands for improved safety notifications about overheating iPod nano portable music players.

Toyota Recalling Over 416,000 Cars in U.S., Canada

Toyota Motor Corp said on Thursday it would recall nearly 417,000 high-end passenger cars and SUVs in the United States and Canada to fix steering problems.

Apple and Amazon don’t lead fair play on e-book market

Connecticut Attorney General Richard Blumenthal says Apple Inc. and Amazon.com Inc. are trying to stop competitors from offering lower e-book prices.

Bunker-busting ATM attacks show security holes

A hacker has discovered a way to force ATMs to disgorge their cash by hijacking the computers inside them.

Will new BP’s CEO stop oil leak?

BP Plc’s newly named chief executive on Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations.

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