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Tag Archives: United States

U.S. Demands More Security on International Flights to U.S.

The Homeland Security Department is demanding that airlines around the world step up security measures for international flights bound for the United States or face the possibility of a total electronics ban for planes. Compliance with the new rules could lead to the lifting of a ban on laptops and ... Read More »

Priyanka Chopra is living it up with friends in Malibu

Priyanka Chopra is surely living life queen sized! After fulfilling her work commitments in India and Europe, the actress headed back to the United States for the shoot of her second Hollywood flick ‘A Kid Like Jake’. However, before getting tied down on the film sets the star is making ... Read More »

Lockheed Martin signs pact with Tata to make F-16 planes in India

PARIS: Lockheed Martin signed an agreement with India’s Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win billions of dollars worth of order from the Indian military. India’s Air Force needs hundreds of ... Read More »

Vehicle rams into crowd outside London mosque, casualties feared

LONDON: A vehicle struck pedestrians near a mosque in north London early Monday morning, causing several casualties, police said. One person has been arrested. The London Ambulance Service says the injured are being taken to hospitals. Eyewitnesses reported seeing police give emergency medical treatment to at least one of the ... Read More »

Sun Pharma recalls 13,200 bottles of chewable Cetirizine from US market

Sun Pharmaceutical Industries is recalling over 13,200 bottles of antihistamine, Children’s Cetirizine Hydrochloride chewable tablets in the strength of 5 mg made at Halol plant, from the US market for failed specifications. The ongoing class III recall is nationwide in the USA and Puerto Rico. Sun Pharmaceutical Industries is an ... Read More »

Motherson Sumi Systems lines up capex of Rs 2,000 crore for FY18

Motherson Sumi Systems (MSSL), an auto component major, has earmarked Rs 2,000 crore capital expenditure for the current fiscal 2017-18. The investment would mainly go into the upcoming nine manufacturing plants across the world. The company is coming up with three plants in India, three in Hungary, one each at ... Read More »

Zensar Technologies collaborates with Backbase

Zensar Technologies, a leading digital solutions and technology services company has collaborated with Backbase. Industry analysts Gartner, Forrester and Ovum recognize Backbase as an industry leader in terms of Omni-channel banking platform capabilities, and award the company high marks for its deep focus on customer experience management and unparalleled speed ... Read More »

Infosys to hire 10,000 American Workers over next two years in United States

Infosys, a global leader in consulting, technology and next-generation services, is planning to hire 10,000 American workers over the next two years. As part of this initiative, Infosys will open four new Technology and Innovation Hubs across the country focusing on cutting-edge technology areas, including artificial intelligence, machine learning, user ... Read More »

Wal-Mart Earnings Fall, But Online Sales Surge

Wal-Mart drew more shoppers to its namesake stores in the United States and its e-commerce sales soared, signs that its efforts to lower prices and improve web services are helping it compete better against online leader Amazon.

The company saw the biggest gain in a key revenue measure in its U.S business in four years, marking the tenth consecutive increase. The number of customers rose for the ninth straight quarter. And online sales rose 29 percent in the third straight quarter of gains after about two years of a slowing trend.

Still, the world's largest retailer reported fourth-quarter earnings that fell 18 percent as its results have been squeezed by its investments in online upgrades and stores. The results did beat Wall Street expectations. And total sales were hurt by a stronger U.S. dollar, which is making its international business more challenging.

Wal-Mart Stores Inc. also said Tuesday it has seen sales weaken at the beginning of the first quarter in part because a slowdown in tax refunds amid a new tax rule. And it warned that any tax on imported goods, as in a proposal Republicans in Congress have floated, would raise prices and would hurt shoppers.

Shares rose in morning trading.

Wal-Mart, like other traditional retailers, has been trying to improve its online operations to be a stronger challenger to online leader Amazon.com. The holiday shopping season was challenging for many retailers, underscoring the changes brick-and-mortar stores need to make. But Wal-Mart's results show that its aggressive efforts are helping.

"We're moving with speed to become more of a digital enterprise and better serve our customers," CEO Doug McMillon said in a statement.

Wal-Mart has retooled its own online shopping programs and bought up some smaller companies with online strengths. It spent more than $3 billion for Jet.com in a deal aimed at helping it... Read More »

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