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Tag Archives: company

Fake Avastin Cancer drug causes Panic in US

Genentech, the maker of  ‘Avastin’ drug which is used to treat cancer has warned the general public on the possibility of fake ‘Avastin’ drug circulated in the market. Raising serious concerns in the hearts of the people, Genentech, said, the fake products do not contain the key ingredient in Avastin, which is used to treat cancers of the colon, lung, ... Read More »

Hostess Makers of Twinkies Seeks Bankruptcy Protection!

Looks like everyone favorite Twinkies is in trouble. The makers of Twinkies, Hostess is seeking bankruptcy protection as the company is struggling to make ends meet. Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. In its filing with the U.S. Bankruptcy ... Read More »

Sears and Kmart to close its shops

Bad day for retailers.A very bad Christmas for Sears Holding group of Companies. Thanks to the low key customer turnout to Sears and Kmart, the company has seen slump around 5.2% in its sales this holiday season. Some Business analyst says, Bad economy is the root cause for the low customer turnout which inturn has made the 125 year old ... Read More »

Asus is being Sued by Toy Manufacturer for Naming it’s Tablet PC Transformer Prime

Hasbro is the manufacturer of  Transformer toys. They have been enjoying good sales after the Michael Bay’s Transformer movies. In this happy family Asus seems to be creating some problem. Asus launched it’s tablet PC under the name Transformer. Their newest tablet PC is  named Transformer Prime. Sounds familiar ? Hmm, seems to remotely familiar to the transformer Optimus Prime. ... Read More »

HP: webOS tablets could return in 2013

HP could return to webOS to make new tablets in 2013, using the freshly open-sourced platform for larger mobile devices though smartphones are still off the menu. Having announced that webOS will be an open-source platform moving forward, and then confirmed that there are no immediate plans for new webOS devices, HP CEO Meg Whitman conceded in an interview with TechCrunch ... Read More »

AMR files for Bankruptcy!

American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labor deal with pilots and suffering from mounting fuel costs. AMR had been the only major U.S. carrier to avoid bankruptcy in the past decade. Its rivals used bankruptcy to restructure their labor agreements and cut costs. That left AMR, the third-largest ... Read More »