Latest News

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

General Motors lays off 1,100 employees in Lansing plant

The workers keeping their jobs now are still safe from any employment actions as General Motors just invested $583 million in the plant.

Mar 08, 2017 08:55 AM EST

Snapchat parent company's IPO gains just disappeared

Analysts are concerned over Snapchat's sudden growth, valuation and hype for the past weeks and claim its IPO gains as overpriced.

Mar 08, 2017 08:54 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

Japan and Airbus welcome new agreement on industrial partnerships

Airline company Airbus welcomes new agreement on industrial partnerships with Japan.

Mar 06, 2017 01:05 AM EST

Mexico economy minister sets meeting with US automaker executives in trade push

Trump's threats and unpredictability drives Mexico to build support from companies and US states that rely on business on the south border.

Mar 03, 2017 10:25 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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