Hundreds of Employees Fired at Tesla
Hundreds of Employees Fired at Tesla

Hundreds of Employees Fired at Tesla

Tesla has fired hundreds of its employees this week, including factory workers, managers and engineers, even as the electric carmaker continues to struggle to expand manufacturing and its product line. The mass firing came during a... 
Kobe Steel Problems Deepen as Shares Take Big Dive

Kobe Steel Problems Deepen as Shares Take Big Dive

Kobe Steel Ltd. based in Tokyo, Japan plunged further into crisis Wednesday after new revelations showed that data fabrication at the Japanese steelmaker was much more widespread that what was initially thought, increasing a worry... 
Google Finds Ads Bought By Russians on Its Platforms

Google Finds Ads Bought By Russians on Its Platforms

For just the first time Google has uncovered evidence that operatives from Russia exploited the platforms of the Internet giant in an attempt to interfere with the U.S. election in 2016, according to those familiar with the investigation... 
Consumer Watchdog Wants New Rules for Payday Lenders

Consumer Watchdog Wants New Rules for Payday Lenders

Many of today’s payday lenders might have to shutter their doors if rules this week made by the Consumer Financial Protection Bureau as is are to go into effect. However, the changes are up against strong headwinds from a Congress... 
Panel: Washing Machine Makers in U.S. Hurt by Imports

Panel: Washing Machine Makers in U.S. Hurt by Imports

The United States International Trade Commission reported on Thursday that the increase in imports of large washing machines for residences harmed domestic manufacturers, a big step toward placing an across the board duty or quota... 
FedEx and UPS Shares Fall Over Worries of Amazon Delivery Service

FedEx and UPS Shares Fall Over Worries of Amazon Delivery Service

Shares of delivery companies such as FedEx and UPS are falling as investors become worried that the delivery service of Amazon.com is set to disrupt the entire industry. Shares of FedEx and UPS feel 2.2% and 3.3% respectively in premarket... 
FDA: “Love” Is Not An Ingredient in Granola

FDA: “Love” Is Not An Ingredient in Granola

Brown sugar, rolled oats and even nut yes, but feelings no, says U.S. regulatory agency. The United States Food and Drug Administration released on Tuesday a warning letter addressed to Nashoba Brook Bakery. The letter reprimanded... 
Oracle Guarantees Price of Database Warehousing will be 50% of Amazon’s

Oracle Guarantees Price of Database Warehousing will be 50% of Amazon’s

On Sunday night, Larry Ellison the Chairman of Oracle Corp guaranteed to offer the company’s database warehousing at 50% the price that Amazon.com is charging. The autonomous database system at Oracle rolls out this December. Beginning... 
Britain Upset by Decision to Slap Tariff on Bombardier Jets

Britain Upset by Decision to Slap Tariff on Bombardier Jets

On Wednesday, British Prime Minister Theresa May said she was bitterly disappointed by the decision made by the U.S. to place tariffs on Bombardier jets. May promised to protect jobs for thousands in Northern Ireland that this ruling... 
ABB Increases Business in U.S. with Acquisition of GE Industrial Solutions

ABB Increases Business in U.S. with Acquisition of GE Industrial Solutions

Swiss company ABB Ltd has agreed to acquire the General Electric Co. industrial solutions business for a price of $2.6 billion helping to strengthen its business within the U.S., which is its biggest market. ABB, based in Zurich, said... 
Health Professionals Warn Travelers About Meth-Laced Soda

Health Professionals Warn Travelers About Meth-Laced Soda

Methamphetamine-laced 7Up reportedly caused at least one death and sent several others to the hospital in an area of northern Mexico. The incident has prompted warnings by health professional in the U.S. to travelers. Authorities in... 
Death of Liliane Bettencourt Sparks Speculation Over L’Oreal

Death of Liliane Bettencourt Sparks Speculation Over L’Oreal

Billionaire Liliane Bettencourt’s death has sparked speculation over the ownership of the French cosmetic company L’Oreal. The Bettencourt’s were the founding family and the death of the French matriarch of that family has caused... 
Bike-Sharing Startup Mobike Opens in First City in U.S.

Bike-Sharing Startup Mobike Opens in First City in U.S.

Mobike the bike-sharing startup based in China has arrived in the nation’s capital, its first city in the U.S. The launch in Washington, D.C. comes as several companies in the bike-sharing arena launch similar services across the... 
Nokia See Sales Boost from Patent Ruling

Nokia See Sales Boost from Patent Ruling

Nokia will begin booking additional revenue during the current quarter thanks to a ruling by an arbitration court over payments from LG Electronics, the South Korea electronics giant, for using Nokia’s smartphone patents. The Finland-based... 
Tesla Will Unveil Its Electric Semi-Truck in October

Tesla Will Unveil Its Electric Semi-Truck in October

Tesla will soon be entering a new market, as it moves beyond its high-end electric SUVs and sedans and into heavy-duty trucks, which had been promised by Elon Musk. The tech industrialist sent a tweet out on Wednesday saying Tesla...