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April 1, 2017

Ford Motor Company (NYSE:F) will add jobs after $1.2 billion investment in Michigan plants

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 Ford aims to manufacture Bronco … Continue reading “Ford Motor Company (NYSE:F) will add jobs after $1.2 billion investment in Michigan plants”

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March 29, 2017

Uber grounded driverless car program following accident in Arizona

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 vehicles, caused no serious injuries, … Continue reading “Uber grounded driverless car program following accident in Arizona”

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March 13, 2017

Vodafone Group (NASDAQ:VOD) set to add more than 2000 jobs in UK soon after layoff’s announcement

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 service partners will create another … Continue reading “Vodafone Group (NASDAQ:VOD) set to add more than 2000 jobs in UK soon after layoff’s announcement”

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March 10, 2017

Fitbit Inc, (NYSE:FIT) announced top management shakeup as it takes strides toward More Focused and proficient Operating Model

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 and CTO, Eric Friedman. Samir … Continue reading “Fitbit Inc, (NYSE:FIT) announced top management shakeup as it takes strides toward More Focused and proficient Operating Model”

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March 7, 2017

General Motors Company(NYSE:GM) set to slash 1100 jobs as it shifts manufacturing to Tennessee

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 version of the GMC Acadia … Continue reading “General Motors Company(NYSE:GM) set to slash 1100 jobs as it shifts manufacturing to Tennessee”

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March 1, 2017

Valeant Pharmaceuticals Intl (NYSE:VRX)’s revenue slipped in the fourth quarter amid dropping drug prices

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 badly hit by concerns about … Continue reading “Valeant Pharmaceuticals Intl (NYSE:VRX)’s revenue slipped in the fourth quarter amid dropping drug prices”

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February 27, 2017

Uber Internationals facing lawsuit from Alphabet Inc for pinching business secret

According to latest reports, Uber International is facing legal action for stealing business secrets and technology from internet giant Alphabet Inc (NASDAQ:GOOG). Alphabet Inc. (NASDAQ:GOOG) setup Waymo, is set to take legal action against Otto, Uber’s self-driving vehicle segment, it purchased last year for $700 million. Reports said, the lawsuit claims that Ex- Waymo manager … Continue reading “Uber Internationals facing lawsuit from Alphabet Inc for pinching business secret”

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February 22, 2017

Yahoo! Inc. (NASDAQ:YHOO) finally sanctioned cut-price to close Verizon Communications Inc. (NYSE:VZ) deal

According to reports on Tuesday, US telecoms giant Verizon Communications Inc. (NYSE:VZ) has closed an agreement with Internet giant Yahoo! Inc. (NASDAQ:YHOO) to take-over the company’s core internet business for $350 million less than initially agreed. In the recent days, there were doubts surrounding the original deal after it appeared that Yahoo was a victim … Continue reading “Yahoo! Inc. (NASDAQ:YHOO) finally sanctioned cut-price to close Verizon Communications Inc. (NYSE:VZ) deal”

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February 1, 2017

TalkTalk is planning a top management shakeup in May this year

Broadband provider TalkTalk’s chief executive Dido Harding is set to leave the firm in May after almost seven years. TalkTalk also said that Baroness Harding will be replaced by current managing director Tristia Harrison. The company also publicized that founder Sir Charles Dunstone will take the position of executive chairman after leaving the post as … Continue reading “TalkTalk is planning a top management shakeup in May this year”

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January 23, 2017

Toshiba’s nuclear power write-down chaos is wider than expectations

The laptops-to-hydro power giant Toshiba’s stock plunged almost 16% on reports that already battered Japanese firm faces wider losses at its US nuclear power industry.There is an apprehension that Toshiba will need to write down the value of the unit by a larger than previously forecasted 700 billion yen ($6.1 billion). Unofficial reports have highlighted … Continue reading “Toshiba’s nuclear power write-down chaos is wider than expectations”

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