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Sharp Staff Layoffs Needed to Begin Revival says Foxconn Founder

While pledging that wages would rise and profit-sharing would again be the norm, Foxconn founder Terry Gou said there would have to be layoffs at Sharp Corp to turn around the ailing Japanese company.   "Unfortunately, a close review of the company's operations makes it clear that the level...

Improper Data may have been used for More Models, Mitsubishi Motors says

In addition to those it has already disclosed, improper data for mileage calculations might have been used for other models, the Japanese auto company Mitsubishi Motors Corp said on Wednesday.   Overstating of the fuel economy readings in four of its mini-vehicle models was admitted to by...

Alcatel Integration Weighs Down Nokia Network Sales

As customers hold off new orders while it integrates its purchase of rival Alcatel-Lucent, Nokia's mobile network equipment sales fell more than expected in the first quarter and will continue to decline this year, the Finnish company said.   With the aim to help it more broadly compete with...

Honda Denies Reports of Recalling of 20 Million More Takata Airbags

After the Nikkei newspaper reported it would recall at least 20 million more of the safety devices made by Takata Corp, Honda Motor Co on Monday said it had not made any announcements on additional air bags recalls.   The automaker's additional recall would include the regions of United...

Virtual Tours of Actual Supplier Farms to be Conducted by Mcdonald's

A roadshow that uses virtual reality to bring people closer to the fast food chain’s supplier farms would be used by McDonald’s as a part of its tour of agricultural events around Britain.   Visitors would be able to drive a tractor and help harvest the potatoes for its fries as they would...

Enhancement in Cloud Service Revenues Propel Amazon Profits to Crush Estimates

Sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division, Amazon.com Inc reported profit and revenue that blew past analysts' expectations.   The disappointing fourth quarter Amazon reported in...

Medivation Shareholder Support can be won over says a Confident Sanofi

Boosted by its Genzyme division, is confident Medivation shareholders will back its proposed takeover of the U.S. cancer drug company, Sanofi, reported higher quarterly profit on Friday.   Setting up what could be a lengthy battle with a $9.3 billion offer to buy Medivation after it...

Ford: 'We assume Apple is working on a car'

Ford is working on the assumption that its major rivals in the future may not be General Motors or Chrysler but Google and Apple, the chief executive of the company has revealed.   The chief executive also added that the latter – Apple is probably building a car.   "Our working...

Charter’s Time Warner Cable Buy Approved by US but with Conditions

Approval for a deal that would create the second-largest U.S. broadband provider and third-largest video provider was given by the U.S. Justice Department on Monday. The antitrust approval was given to the merger to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright...

Offer for Buying LA Times and Chicago Tribune made by USA Today Publisher Gannett for $815 Million

In an effort to consolidate brands and drive cost savings that can improve the financial standing of print and digital newsrooms nationwide, there has been an offer to buy Tribune Publishing, owner of the Los Angeles Times and Chicago Tribune by Gannett, publisher of USA Today and dozens of...

Taking on Tesla: China's Jia Yueting aims to outmuscle Musk

A Chinese entrepreneur is planning to usurp Tesla Motors, a U.S. pioneer in premium electric vehicle (EV) making and intends to re-engineer the automobile industry.   Jia Yueting, a billionaire and one of a new breed of Chinese entrepreneur.   "Tesla's a great company and has taken...

Emission Scandal Costs $18 Billion for Volkswagen

Volkswagen (VW) said on Friday that it would slash its dividend to help pay for its emissions-test cheating scandal and take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results.   With Germany-based automakers including Mercedes-Benz, and Opel - as well as VW - agreeing to recall a...
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