There have been a slew of job cut announcements from many companies after the ending of all concessions from the first stimulus package and no new proposal coming out soon. The US airlines have decided to lay off all furloughed employees soon if they don’t get another infusion of government aid.
Sports betting was illegal in the US but a Supreme Court decision in 2018 overturned the federal ban and unleashed a new interest in the US in this gambling sports.
The beleaguered airline industry is hopeful of a relief package under the new proposal of simulation payroll that Steven Mnuchin is offering to the Democrats.
The coronavirus effect now extends to 28,000 furloughed employees of Disney as they are permanently laid off.
The layoffs will be done in a phased manner in the coming two years and will include about 1,500 people agreeing to retire voluntarily.
The move follows Japan’s new prime minister Yoshihide Suga’s efforts to reinvigorate the economy by lowering mobile fees.
Multi level marketing models are intrinsically flawed as they benefit only the people at the top of the pyramid, but the aggressive marketing lures many and now Herbalife is facing a class action suit for the same tactics.
Remington, the gun making company has been portioned off to 7 bidders after it filed for a second bankruptcy in July this year. It brings to an end a long and chequered innings marred by lawsuits recently.
Expensive Land Rovers and Tesla cars declared the most unreliable vehicles
The showcase EV concept car used sustainable material and a new design to decrease its carbon footprint and the factory will follow the design as closely as possible.
Low bike sales is the reason Harley Davidson is moving out of India, though it is looking for a partnership in the future.
The virtual event by Tesla CEO Musk was almost a damp squib with nothing exciting except promises of cheaper Teslas and higher battery storage in the future, leading to a tumble in share prices
The stock purchases represent only about 1% of the combined market value of the two firms. The investment in these companies is more a show of confidence by the controlling company, say experts. Li Ka-Shing is known as the superman investor who has the knack to pick up cheap stocks in flailing companies and turn around fortunes.
Automotive industry leaders are suing the government over the import taxes it has imposed on Chinese parts that are used in autos. The major …
Trian feels Comcast stock is undervalued and needs to be restructured for better performance.
Banks and financial institutions are moving out of London as no trade deals seems to be on the horizon for Britain after exiting the EU
European aerospace giant Airbus recently revealed details of three hydrogen-fueled concept planes. These planes would start their service by the year 2035.
Gove. Newsom has ordered the board to require all medium- and heavy-duty trucks to be 100% zero-emission vehicles by 2045 “where feasible.
GE is gathering its resources in the new world and exiting its coal market to focus on the renewable power business
Experts predict cobalt supply is adequate for another 5 years to meet the rising demand for efficient capacity metals.