Ford Targets Emerging Markets with Frugal India Build, In a Bid to Compete With its Rivals in 5th Largest Auto Market
Using India-based engineering, Ford aims to penetrate the India market in a bid to compete against its Asian rival auto companies that are outselling them in the arena.
Aug 13, 2015 4:16 AM EDT
Kraft Heinz terminates 2,500 jobs in the U.S. and Canada to save costs
Kraft Heinz is cutting 2,500 jobs around the United States and Canada. Seven hundred of it will include its labor force in Northfield, Illinois.
Starbucks and 28 other US companies to create jobs for disconnected youth
More than two dozen companies in the US join Starbucks in assuring Americans to create 100,000 jobs for the unemployed youth by 2018.
General Electric to sell Healthcare Financial Services biz to Capital One for $9bn
GE has decided to sell its healthcare financial business unit to Capital One for $9bn. This is part of its business plan to offload $100-bn worth assets by 2015 end. GE to remain focused on its core business operations.
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Verizon develops technology making Internet 1,000 times faster
Good news for movie buffs. Verizon has successfully tested a new broadband technology allowing users to download a movie in a matter of seconds.
Aug 13, 2015 2:43 AM EDT
Analysts bet on Macy's, Alibaba, Cisco and News Corp; quarter earnings to be announced
Macy's, News Corp, Alibaba and Cisco are scheduled to report their quarterly revenue on Wednesday. Analysts are eyeing the movement of four companies in the stock market.
Aug 13, 2015 2:00 AM EDT
Judge Rules NYC Responsible Banking Act Unconstitutional as it Conflicts with Existing Federal and State Statutes
Responsible Banking Act that sought to be socially responsible to their low-income neighborhoods was deemed unconstitutional by the federal court.
Aug 12, 2015 11:03 PM EDT
Verizon dumps annual contracts; Here's how to save money with your phone bills
The nation’s largest wireless company is ditching its two-year service contracts, offering a new system that allows customers to buy phones upfront or pay for it through a two-year monthly program. This brings plenty of benefits, especially when it comes to saving more money for a phone.
Aug 12, 2015 10:50 PM EDT
The New 10: Eleanor Roosevelt leads survey as the new face for $10 bill
Eleanor Roosevelt is leading the votes in the recent survey conducted by The Marist Poll on who among American women should be in the next $10 bill.
Aug 11, 2015 11:24 PM EDT
Adobe joins tech industry move to offer better parental leave benefits
Adobe Systems, Inc. made significant changes to their parental leave policy to offer better work-life balance to employees.
Aug 11, 2015 11:17 PM EDT
These are the US cities with higher wage growth than the national average
The recovery in the US economy is creating more jobs, thus increasing the demand for manpower and pushing the wages upwards. Some cities are registering over 4% wage growth.
Aug 11, 2015 10:52 PM EDT
Night navigation with Google Maps now made easier, safer
Google has added a new feature called 'Night Mode' that enables users to navigate through the routes during the night time without suffering from eye strain or temporary blindness due to a phone's bright light.
Aug 11, 2015 4:24 AM EDT
Fed's Fischer says US inflation rate temporarily low while labor market is on a rebound
Vice Chairman assures that the low inflation rate experienced by the US is only temporary and will soon normalize and prices of oil and raw materials stabilize.
Aug 11, 2015 1:48 AM EDT
Verizon Wireless dumps annual smartphone subscription, offers new affordable rate plans
Verizon Wireless replaces annual smartphone subscription with new affordable rate plans as one of the Verizon spokesperson confirmed it will no longer offer contracts and device subsidies.
Aug 11, 2015 1:37 AM EDT
Fed rate hike seen with steady July jobs growth
Economists see an interest rate hike, possibly next month, as the US records a steady jobs growth in July. But while new jobs are being created, wages have almost stayed the same.
Aug 11, 2015 1:22 AM EDT
Democratic hopeful Hillary Clinton to propose a college affordability program worth $350B
Hillary Clinton will propose an affordable educational program that will help students to repay their dues, will grant free education to some and will lessen the expenses of educational institutions.
Aug 11, 2015 1:20 AM EDT
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