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According to reports, employees at BMW's UK factory are taking strike action over plans to close the company's final salary pension scheme. Reports said that Unite the union will announce eight 24 hour strikes across four sites, opening on 19 April and closing on 24 May. This marks the very...
The 329-year-old insurance market Lloyd's of London announced it plans to create a new European subsidiary in Brussels to counter losing business when the UK leaves the EU. The insurer revealed the plan as it released its latest annual results. "A subsidiary office will be opened in Brussels with the intention...
According to reports, US car-making giant Ford Motor Company(NYSE:F) has revealed that it plans to invest as much as $1.2 billion as part of a proposed shake up of three Michigan plants. The company said $850 million will be injected on installing new machines in the plant in Wayne where...
According to latest reports, ride hailing giant Uber has pulled its pilot program self-driving cars after a vehicle equipped with the autonomous driving technology was involved in an accident on Arizona roadway. The crash marks the latest relating a self-driving vehicle operated by one of several companies testing with autonomous...
Vodafone Group (NASDAQ:VOD)announced it plans to add 2,100 jobs across the UK. The Cell phone company  is set to expand current customer service centre's, with 800 additional jobs in Manchester, almost 150 in Newark, more than 150 in Stoke-on-Trent and about 100 in Glasgow. Meanwhile Vodafone Group Plc (ADR)(NASDAQ:VOD)third-party customer...
Fitness tracker maker Fitbit, Inc. (NYSE: FIT), revealed shakeup in its top management team and provided updates on its already in process restructuring to bolster growth and return to profitability. Fitbit Inc(NYSE:FIT) announced promotion of Vice President of Engineering, Samir Kapoor, to Senior Vice President of Device Engineering, under co-founder...
US giant General Motors Company (NYSE:GM) set to  lay off 1,100 employees in May at its Lansing Delta Township assembly factory in Michigan as it shifts car production to Tennessee. In 2016 the largest carmaker in U.S added 800 jobs at its Spring Hill, Tennessee plant to manufacture a new...
According to reports, US officials held raids on three Caterpillar Inc.(NYSE:CAT) sites as part of a criminal investigation into tax wrongdoings at the heavy machinery maker. Following the news Caterpillar Inc.(NYSE:CAT) stocks plunged to close  at 4.3%. One of the world's largest makers of construction and other heavy equipment company said...
The Canadian drug giant Valeant Pharmaceuticals Intl Inc. (NYSE:VRX) announced results of its fiscal fourth quarter as its revenue plunged 13% during the period, affected by the performance of the stomach-drug business it attempted to sell late last year as well as falling medicines prices. The company's shares has been...
Iconic Nokia's 3310 phone is set to be re-launched almost 17 years after it was revealed for the first time. Nokia 3310 was arguably the most popular and hardwearing handset of its time. according to reports above 126 million units were made before it was discontinued in 2005. The face-lift edition...

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