Most people have had dreams of flying. Graham Hawkes had dreams of flying — underwater. Hawkes has been in the business of building underwater craft for more than a decade
Winged luxury submarines ‘fly’ underwater
Tag Archives: company
Hyundai: America’s Most Successful Car Company
Hyundai is now the most successful car company in the U.S. and it has the numbers to prove it. It has come up with a way to sell cars to people who fear that they will be homeless and it works.
Ukraine security service raids state gas HQ
Ukraine’s Security Service launched a raid on the country’s state-run gas company Wednesday, searching for documents related to a gas deal with Russia, a spokesman for the company said. A group of about 30 gunmen wearing masks and carrying machine guns entered the offices of Naftogaz and took control of every floor of the company’s building in the capital of Kiev, Naftogaz spokesman Valentyn Zemlyansky said. Operatives from the security service then began a search for various company documents, including those pertaining to the Russia-Ukraine gas deal signed in January to end a weeks-long gas dispute, Zemlyansky told journalists, according to Russia’s Interfax news agency
Germany considers Opel rescue plan
The German government is studying a proposal from Opel and its parent company, General Motors, to save the struggling carmaker with a huge cash injection and a cost-cutting plan. The proposal calls for GM to sell off a stake in its Opel unit, the core of its European operations, in order to win $4.18 billion (€3.3 billion) in government support from Germany and others in the region, said Andreas Kroemer, a spokesman for GM Europe.
Blackwater founder, CEO resigns
Erik Prince, founder of the Blackwater Worldwide security firm, announced Monday he has resigned as head of the company, recently renamed Xe. Prince, in an e-mail to employees and independent contractors, said Danielle Esposito will become chief operating officer and executive vice president. Esposito has worked for the firm and its partners for nearly 10 years
Japan sinks deeper into recession
The extent of the economic malaise that has descended on once-prosperous Japan is evident in the latest economic figures showing the steepest ever fall in the Far Eastern nation’s industrial output. Production at the country’s factories fell a record 10 percent in January as export partners cut back on orders.
Turkish Airlines plane fell ‘vertically’ to ground
The Turkish Airlines plane that crashed this week in Amsterdam fell almost vertically to the ground, making only a short track in the muddy farmer’s field where it went down, Dutch investigators said Friday. That sudden drop indicates the aircraft did not have enough forward speed when it crashed, a spokesman for the Dutch Safety Board said, but the reasons for that are still unclear. It is too early to speculate on the cause of the crash, spokesman Fred Sanders told CNN.
In Defense of General Electric
Investors have deserted GE’s stock over the last week like draft dodgers fleeing to Canada. The firm’s shares fell more than 20% over the five trading days, and now sit near a multi-year low of just below $9, 25% of its 52-week high
The Beleaguered Banks Get Ready for Their Big Test
Bank nationalization is the phrase on everyone’s lips at the moment — with Alan Greenspan, Chris Dodd and Paul Krugman among the leading lights of the unlikely coalition in favor of it, and members of the Obama Administration repeatedly denying that it’s in their plans. It’s a misleading debate, though, given that the U.S
India’s Top Automaker, Tata Motors, Hits a Rough Patch
Business cycles can be fickle, as officials for Tata Motors are discovering. During India’s economic boom, the country’s largest automobile manufacturer burst onto the international stage by acquiring fabled British luxury marques Jaguar and Land Rover for $2.3 billion