This morning, the Japanese manufacturer Mitsubishi Motors vehicles announced that its compact cars have not passed the test for fuel economy. The market reacted with the immediate fall of the company's shares by 15%, resulting in market cap loss of $ 1.2 billion for Mitsubishi Motors. The sixth-largest Japanese automaker Mitsubishi Motors announced that some compact models of the company could...

Eight Syrians, including women and children, were killed by Turkish border guards in the attempt to illegally cross the border. It is reported by The Times. The incident took place on April 17. A group of several people were moving along the route, which is usually used by the smugglers. Turkish border guards opened fire with intent to kill which caused death of eight people and injuries of...

Theranos biotech company is suspected of defrauding investors. The prosecutor's office is investigating what kind of information the startup provided on its own blood analysis system. US Federal prosecutors have launched an investigation into the biotech startup Theranos, founded by Elizabeth Holmes, the world’s youngest female self-made billionaire. According to sources, the purpose of the...

A new mobile game Clash Royale by the Finnish company Supercell (famous for its high-profile projects such as Clash of Clans, Boom Beach and Hay Day) brought about $ 110 million for the first month since launch. Supercell itself earned $ 80 million during this period; the remaining income was distributed among the app stores themselves. As the portal Newzoo notes, most of the purchases fell on...

Bright Farms company had been collecting necessary permits to open a "green" plantation in Washington during 10 months. Last year, however, they were forced to abandon the project. Previously, a similar project in Brooklyn, New York failed as well. Another company, FarmedHere, staged another farm on the roof of an abandoned business building near Chicago, in August decided to suspend operations...

Credit Suisse Group AG may be sued in Japan for leak of confidential information about the company. Regulators said that the bank’s Japanese division might have used improper systems for management public information about client companies. Securities and Exchange Surveillance Commission of Japan (SESC) recommended Japan Financial Services Agency (FSA), in charge of the supervision of banking...

In March, car sales in the EU have increased by 6% to 1.7 million units, almost reaching pre-crisis levels. The first quarter as a whole showed increase by 8.2%, to 3.8 million units. At the time, German automaker Volkswagen’s share on the European market in the first quarter fell to its lowest level in five years - to 23.3%. The fall has been lasting since September, after the suddenly erupted...

Leslie Benzies, former president of Rockstar North studio brought into the world a series of games Grand Theft Auto, is determined to seize $ 150 million from Take-Two Interactive and Rockstar. He is accusing his former colleagues in financial frauds, as a result of which he lost part of his income. So far, the story has been developing in the best traditions of the GTA. According to recent...

The world's largest private coal mining company Peabody Energy has declared itself bankrupt. The company said the decision to seek protection from creditors was made under pressure of unprecedented downturn in the global coal industry, a sharp decline in prices for metallurgical coal, the weakness of the Chinese economy. Currently, Peabody Energy’s total debt is $ 10.1 billion. Today, the US...