Latest News

US oil output set to break records in 2018

The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.

Mar 09, 2017 09:04 AM EST

Samsung expands manufacturing in the US to produce home appliances

The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.

Mar 09, 2017 09:05 AM EST

Disney chief defends seat on Trump’s business advisory council

Walt Disney Co.'s CEO says his seat on US President Donald Trump's advisory council is an opportunity to voice opinions that could benefit Disney and the company's shareholders.

Mar 08, 2017 08:46 PM EST

ESPN to implement job cuts that could extend to personalities who appear on TV, radio, online

Details of the job cuts will still be finalized but layoffs would definitely take place through as a consequence to delivering ESPN fans content consumption.

Mar 08, 2017 08:55 AM EST

Michael Hill International Limited appoints new CEO

The board and the employees in Michael Hill are excited by Taylor's appoointment as he sees to unlock new opportunities and new streams of value for the company.

Mar 07, 2017 10:00 AM EST

Vauxhall joins PSA Group in €2.2 billion deal, employees fear job losses

French company that owns Peugeot and Citroen enters into a €2.2 billion deal to buy General Motor's European unit which includes Vauxhall. General Motor CEO Mary Barra affirms Vauxhall's British brand while respecting the agreements on the workforce.

Mar 07, 2017 09:42 AM EST

German tycoon Schlecker faces fraud trial with family

Anton Shlecker is accused of offenses related to the 2012 bankruptcy of his pharmacy chain that employed 50,000 people in Germany and in Europe.

Mar 07, 2017 09:42 AM EST

Luxury automakers drive online sales on

China is projected to become the top market for luxury automakers by 2020 and brands rev up sales with to reach the country's affluent and digitally active consumers.

Mar 06, 2017 05:58 AM EST

Sports Direct owner buys into lingerie brand Agent Provocateur

Sports Direct owner Mike Ashley has acquired an interest in the struggling luxury lingerie retailer, Agent Provocateur.

Mar 06, 2017 01:24 AM EST

Jimmy Choo revenues skyrocket with strong Asia market, weak pound and menswear range

The record revenues and profitability are proof to the growing appeal and strength of Jimmy Choo.

Mar 03, 2017 09:42 AM EST

Snapchat share price soars on market debut

The firm's valuation of $30 billion is the biggest record for a US tech company since Facebook in 2012.

Mar 03, 2017 08:28 AM EST

Ford may cut more than 1000 jobs at Bridgend plant in worse case scenario

Unions are fighting to keep the jobs in Ford at all cost as a reduction in employment could lead to a serious economic crisis.

Mar 03, 2017 08:42 AM EST

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