Geely Chairman Grows Stake in Daimler to $9 Billion
North America President of Ford Raj Nair Sacked

North America President of Ford Raj Nair Sacked

President of Ford North America Raj Nair, an important veteran with the company and one of the first promoted by Jim Hackett the Ford CEO, was ousted Wednesday in an abrupt fashion amidst the admission of inappropriate behavior. In... 
KFC Suffering from Shortage of Chicken in the UK

KFC Suffering from Shortage of Chicken in the UK

KFC has 900 restaurants scattered across the UK and each one has a big problem on its hands. The chain of fast food restaurants was originally called Kentucky Fried Chicken before taking on just KFC and is currently amidst a huge crisis. Close... 
Kraft Heinz Sales in U.S. Decline, Teases Over Possible Deal

Kraft Heinz Sales in U.S. Decline, Teases Over Possible Deal

Kraft Heinz, which makes Heinz Ketchup and Kraft Macaroni & Cheese amongst other well-known brands, could acquire another large food company, and form a food giant in the processed food industry that would change the entire landscape... 
Economic Growth in UAE Not Expected to be Underpinned by Oil in 2018

Economic Growth in UAE Not Expected to be Underpinned by Oil in 2018

A new country and sector risks report from Coface suggests that economic growth in UAE throughout 2018 will be underpinned by global tourism and household spending rather than the oil sector. The report predicts the UAE will experience... 
Cisco to Repatriate $67 Billion in Cash

Cisco to Repatriate $67 Billion in Cash

Another huge sum of money will be repatriated to the U.S. following the approval of the new tax law and much of it will go into investor’s pockets. Tech giant Cisco announced on Wednesday that it is planning to bring home the $67... 
Gun Maker Remington Files for Bankruptcy Protection

Gun Maker Remington Files for Bankruptcy Protection

U.S. based Remington Outdoor Company Inc., which is one of the largest firearms makers  in the U.S., announced on Monday it reached an agreement with its creditors to file Chapter 11 bankruptcy protection to slash its debt load of... 
L.L. Bean Ending Policy of Unlimited Returns

L.L. Bean Ending Policy of Unlimited Returns

The generous return policy of L.L. Bean will soon be less forgiving. The Maine-based company, which has touted 100% satisfaction guaranteed for over a century, will impose a limit of one-year for most returns to lower the increased... 
Fake Porn Banned on Reddit

Fake Porn Banned on Reddit

Reddit has followed other platforms online in cracking down on the posting of fake porn that is made with the use of artificial intelligence. The content, referred to as “deepfakes,” superimposes the face of someone onto explicit... 
Best Buy No Longer Will Sell CDs Beginning July 1

Best Buy No Longer Will Sell CDs Beginning July 1

The CD revolutionized the music industry during the 1980s and 1990s but could become a thing of the past. On Monday, Billboard announced that Best Buy would stop its sales of the compact disc July 1, and that Target is reported to... 
Wells Fargo Stock Sinks After Bank’s Growth Restricted

Wells Fargo Stock Sinks After Bank’s Growth Restricted

Shares of Wells Fargo plunged after the Federal Reserve announced on Friday that it was restricting the size of Wells Fargo in response to its widespread consumer abuses. Wells Fargo, because of this restriction, is planning to replace... 
eBay Will No Longer Use PayPal as Main Payment Processor

eBay Will No Longer Use PayPal as Main Payment Processor

One of the most storied relationships in the tech industry will soon end. eBay has announced that it is going to stop working with PayPal as its main payment service beginning in 2020, and would start later this year to move a small... 
Charitable Giving Changes the World

Charitable Giving Changes the World

Giving back can be a wonderful way to feel a sense of purpose in this life. When time and fate have been kind to you, it makes sense to pay it forward to those who are less fortunate. Charitable giving has long been considered a wonderful... 
Tyson Foods’ Invests in Startup Memphis Meats

Tyson Foods’ Invests in Startup Memphis Meats

Memphis Meats the “clean” or alternative meat startup has a mission to eradicate protein that is sourced from livestock. The company, based in Silicon Valley announced an investment from the type of business it wants to disrupt:... 
Sources: Gun Maker Remington Using Debt Restructuring Advisors

Sources: Gun Maker Remington Using Debt Restructuring Advisors

Remington Outdoor Company Inc., which is one of the largest makers of firearms in the U.S., is working with Lazard Ltd, an investment bank, on options for restructuring its debt of $950 million, said people close to the matter on Friday. Remington,... 
Kroger and Alibaba Hold Business Development Talks

Kroger and Alibaba Hold Business Development Talks

U.S. grocery store chain Kroger Co. and Chinese e-commerce and tech giant Alibaba Group Holdings have held early stage talks about working together, that included meetings where U.S. executives visited China, said a source that is...