Tag Archives: plans

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

Macy’s Plans Store Closings, Small Businesses Should Take Note

Macy’s just announced the popular retail chains plans to shutter 11 stores across the country in the coming weeks, with another 19 set to close as their leases expire. This is just the latest in a long line of retail chains that have closed retail locations and had to make significant changes to stay profitable in the age of ecommerce. And plenty ... Read More »

The 3 payment banks have plans for your money

MUMBAI, MAY 24:   With three players launching their payments bank services, consumers now have more choice for their banking needs. Going by the rate of interest being offered for deposits, Airtel seems to be the most aggressive. The telecom operator’s payments bank provides the highest interest raṭe on deposits at 7.2 per cent, followed by India Post at 5.5 per ... Read More »

Apple reveals self-driving car plans

Apple has acknowledged for the first time that it is investing in building a self-driving car. In a letter to US transport regulators, Apple said it was “excited about the potential of automated systems in many areas, including transportation”. It added that there were “significant societal benefits of automated vehicles” to be realised. There have long been rumours about the ... Read More »

Rolls-Royce increases cost-saving plans

Rolls-Royce has raised its cost-saving targets in a bid to cut between £150m and £200m from its budget. The aero engine maker said the savings would be at the top end of its target amid a challenging period ahead. The company said demand for its engines for extra wide body aircraft had stayed strong. However, Rolls was losing ground in ... Read More »

Opec plans fresh oil price talks says energy minister

Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria’s energy minister. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an energy conference in Algiers on Wednesday. “We will not come out of the meeting empty-handed,” the minister ... Read More »

Saudi Aramco finalizes IPO options and plans global expansion

Saudi Arabia’s state-owned oil giant is finalizing options for its partial privatisation and will present them to its Supreme Council soon, its chief executive said about the centerpiece of the kingdom’s efforts to overhaul its economy. The company has a huge team working on the proposals for the initial public offering (IPO) of less than 5 percent of the company’s ... Read More »

HDFC Bank plans to raise Rs 50,000 crore via bonds

The HDFC Bank headquarters in Mumbai. (Reuters file photo) NEW DELHI: Private sector lender HDFC Bank on Friday said it plans to raise Rs 50,000 crore through bonds over one year to fund business growth. The board has accorded approval for seeking shareholders nod at the annual general meeting (AGM) for issue of perpetual debt instruments, Tier II bonds, senior ... Read More »

Forget Free Basics, Facebook unveils plans to connect developing nations

After India said ‘no’ to Free Basics and opted for net neutrality recently, the social networking giant Facebook has unveiled two new initiatives to improve internet services for the rural population in the developing countries, including India. Announced at its two-day annual F8 conference in San Francisco, US, this week, the Antenna Radio Integration for Efficiency in Spectrum (ARIES) system ... Read More »

United buys more 737s, plans to retire 747s

United Airlines said on Tuesday that it would buy 25 new Boeing 737-700 jets, an order that comes in addition to a previous order for 40 of the same jets that United made in January. United will begin taking delivery of the first 737-700s from the latest order in late 2017. United said the 737-700s will allow it to fly “larger, more efficient ... Read More »