Markets

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.

Snapchat post IPO gains just disappeared

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.

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

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.

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.

Luxury automakers drive online sales on Tmall.com

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

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.

Japan and Airbus welcome new agreement on industrial partnerships

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

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.

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

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.

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.

Ford Bridgend could lose 1,160 jobs in worse case scenario

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.

Oil prices forecast $50 to $70 per barrel through 2022, report says

Overall, demand is set to outpace supply on average over the forecast period.

Tiffany & Co. CEO steps down, appoints new directors to accelerate business strategies

Tiffany & Co. CEO steps down, new directors appointed to accelerate business strategies

The company shake-up comes after Tiffany's disappointing financial results.

Tesco plans to remove 1,700 managerial jobs

The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.

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Latest Stories

What happens if there is no deal for Brexit?

Currently, a driver of a UK-registered car is allowed to drive anywhere in the EU, the EEA (European Economic Area), Switzerland and Serbia, and not have to carry a green card that proves you have insurance cover.

China Agrees To Stop Currency Manipulation

President Trump on Friday announced the first concrete deal with China to come out of nearly three months of trade talks - a deal to prevent currency manipulation.

German economy narrowly avoids recession

Europe's largest economy offered mixed signals on Friday that suggest it's down but not out.

CEOs make money from negative information released prior to stock option grants

New research finds that despite regulations, CEOs control information release and may do so for their own financial gain

Believing in yourself can backfire when investing in equity crowdfunded ventures

Normally, it's good to believe in yourself. But research from Indiana University's Kelley School of Business indicates that it can be bad advice for amateurs investing online in unregulated, sometimes risky, equity crowdfunded ventures.

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Parenthood contributes to gender imbalance in STEM employment, but it's not just an issue for mother

Nearly half of new moms and a quarter of new dads leave their full-time STEM jobs after they have their first child, according to a new study.

Visa and Mastercard plan to increase fees for processing transactions

Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Feel anxious? Have trouble sleeping? You may be traveling for business too often

People who travel for business two weeks or more a month report more symptoms of anxiety and depression and are more likely to smoke, be sedentary and report trouble sleeping than those who travel one to six nights a month, according to a latest study conducted by researchers at Columbia University's Mailman School of Public Health and City University of New York.

Trump declares emergency on southern border

President Trump said Friday he is declaring a national emergency on the southern border, tapping into executive powers in a bid to divert billions toward construction of a wall even as he plans to sign a funding package that includes just $1.4 billion for border security.

Mix Reactions over Amazon Retreat on Long Island City

Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.