Toyota plans £240 million investment in Burnaston plant
Japanese automaker Toyota plans to invest £240 million in upgrading its car plant that makes the Auris and Aventis models.
Mar 26, 2017 10:50 PM EDT
Sears admits plan to avoid bankruptcy by selling brands may prove difficult
Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.
Mar 23, 2017 08:47 PM EDT
Renault denies reports it cheated on emissions tests for decades
Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.
Mar 20, 2017 08:52 AM EDT
Japanese minister agrees to contribute information on developments with Toshiba
The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.
Mar 20, 2017 08:55 AM EDT
Audi, VW sites raided by German prosecutors in emissions-scandal probe
Buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal
Mar 16, 2017 08:10 AM EDT
Neiman Marcus up for sale, Saks Fifth Avenue owner expresses potential buy out
Hudson's Bay Co., owner of Saks Fifth Avenue, has expressed its interest in buying Neiman Marcus that would exclude the latter's debts.
Mar 16, 2017 08:08 AM EDT
Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition
Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.
Mar 16, 2017 08:11 AM EDT
Toshiba looking to sell controlling stake in Westinghouse Unit
Toshiba president Satoshi Tsunakawa sidesteps questions for a Chapter 11 filing for Westinghouse and says there are various options.
Mar 15, 2017 07:11 AM EDT
Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal
Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.
Mar 14, 2017 06:08 AM EDT
Trump banks on big tech investment from Middle East
US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.
Mar 13, 2017 12:30 PM EDT
Sears posts another quarterly operating loss
Embattled US department store operator posts another quarterly operating loss that is even worse than the previous corresponding period which the company attributes to having fewer Kmart and Sears Full-line stores in operation.
Mar 12, 2017 10:57 PM EDT
Staples closes 70 stores amid disappointing stocks and sales
Traditional brick-and-mortar stores have been under pressure for some time due to greater online competition, which led Staples to close 4.5 percent of its store in 1,600 locations.
Mar 11, 2017 09:13 AM EST