Business

The Volkswagen Group has finally wrapped internal investigation in the Dieselgate emissions cheating scandal that went on for several years. The automaker has now decided to seek compensation from two former CEOs. It has sought damages from former Audi CEO Rupert Stadler and former CEO Martin Winterkorn. This was one of the biggest financial damages […]

After a hiatus of almost 12 years, Kellogg’s is bringing back its popular Cereal Straws. Announcing the return, the company said that the decision has been taken over social media pleas and petitions by superfans. This is because of the 4 years old petition created by Hannah Wade on Change.org. The food giant’s move to […]

Adidas has decided to divest long-struggling US fitness brand Reebok. The German sportswear is now about to begin the formal process for the same. The decision has been taken following a review of the business. The company in a statement said that it will present in detail the new strategy on March 10. The apparel […]

Facebook is reportedly planning to venture into the wearable technology market and is working on a smartwatch. According to a report, the smartwatch will allow users to respond to messages. The watch is expected to be loaded with health and fitness-related features. People familiar with the development said that the social media giant is planning […]

Amazon CEO Jeff Bezos is all set to step down from the post. According to an announcement made by the company, Bezos will serve as executive chairman after leaving the chair of CEO. Bezos will quit later this year as CEO. He is holding the chair for nearly 27 years. Bezos is also the founder […]

The Kraft Heinz Company is reportedly selling its Planters brand for USD 3 billion. Reports suggest that Kraft Heinz is in talks with Spam owner Hormel for the deal. According to people familiar with the development, the deal can be officially announced as soon as within a week if things go as planned. To prepare […]

The U.S. FDA has announced the suspension of most foreign assessments for drug, food, and medical devices abroad through April. The federal agency has announced the news citing the rapidly spreading coronavirus across America. So overseas manufacturing facilities will not gain approvals for the upcoming few weeks. Reportedly, the FDA will not perform regular inspections […]

Wells Fargo & Co has agreed to pay USD 3 billion in penalties to settle criminal and civil probes into fake accounts scandal, the Department of Justice said. The nation’s fourth biggest bank has admitted that it pressurized employees in the fake accounts scandal. Under pressure, bank employees opened millions of accounts and created credit […]

When Russian Foreign Minister, Sergey Lavrov last time visited the White House, President Trump had just discharged James Comey, his then FBI director. At the time, Trump boasted it would dispel pressure related to an investigation into whether his campaign had binding to Moscow. But instead, it had the converse effect, winding the political flames […]

Uber Technologies, Inc., commonly known as Uber expanded its business from cab-hailing services to food delivery services and launched UberEats food delivery services in India in 2017. When it was announced, the new product was seen as competitors like Swiggy and Zomato. A common perception prevailed during the launch was that Uber Eats could be […]

The world is extensively suffering from carbon emission. There are various causes of carbon emission, such as natural sources, which include decomposition, ocean release, and respiration. Human origins are deforestation, cement production, and burning of fuels. When everyone talks about the burning of fuels, then aviation sectors contribute more than 2.5% of total emissions on […]

Huawei announced that it had filed a lawsuit challenging the FCC decision that avoids the use of federal subsidies for Americans to purchase Huawei equipment. Huawei is the leading smartphone brand and largest telecommunication maker. The lawsuit was filed on Thursday in New Orleans. Song Liuping, Chief Legal Officer of Huawei, said that as this […]

Donald Trump said on Twitter yesterday that he visited the Apple Mac Pro production site. His comments caused a large number of questions. Between them: Trump said he requested CEO Tim Cook to let Apple (AAPL) participate in the “building” 5G network in America. They have everything – money, equipment, idea and [CEO Tim] Cook!” […]

A planned five-day strike by over 4,000 health professionals at Kaiser Permanente psychologists has been postponed. The strike was set to begin on Monday. It has been deferred in acknowledgment of the death of Kaiser Permanente CEO Bernard Tyson. Union officials voted to postpone the strike after the news about his death surfaced. Leaders of […]

McDonald’s has fired its CEO Steve Easterbook for having an inappropriate relationship with an employee of the company. The company said that Steve has violated the policy by having a romantic relationship with a subordinate. Fast-food giant does not forbid the mangers for having a love affair with direct or indirect subordinates. In an email, […]

As a result of the restructuring plan, HP decided to cut jobs in the upcoming months. On Thursday HP announced its restructuring plan which is going to reduce the operating cost of the company by the end of 2020. This restructuring plan is forcing the company to cut in between 7000-9000 jobs in upcoming quarters. […]

On Wednesday 04 Sep, the Federal Reserve (Fed) reported that the US economy has grown at a moderate growth rate in recent weeks. The manufacturing has been hit by a global economic slowdown, and consumer purchases have given mixed reactions on household spending. The enduring US-China trade war has emerged to a large extent in […]