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MoneyGram Considering Strategic Options Including Sale: Reuters

According to a report by news agency Reuters citing sources, strategic alternative – that also includes the sale of the company, is being considered by MoneyGram International Inc. About a year ago, the company’s plans to sell itself off to a Chinese firm for $1.2 billion was scuttled by the US...

Ford To Focus On Doubling Profits In 2019, Its CEO Tells Employees

There is a process of global restructuring ongoing at the US car maker Ford which includes reorganizing its European operations through cuts as announced by the company recently.   Ford, the second largest auto maker of the US, does not want to accept the "mediocre" results achieved by it in...

Cost Reduction Efforts At Tesla To See It Reducing Man Hours In Making Of Model S & X

It has been a just a few days that United States based electric car maker Tesla announced that it would have to cut jobs to reduce costs of production as the company seeks to find out ways to reduce the price of its Model 3 sedan and make them more affordable. And now the Elon Musk led company has...

Nissan Panel Considers Boardroom Reforms

While the French government is attempting to maintain greater control over Japan’s Nissan motors with respect to the alliance between the Japanese car maker and French auto company Renault, Nissan has initiated imposition of governance reforms by the use of a special panel to discuss how the...

Facebook Faces Record-Setting Fine From Regulators For Privacy Violations

Reports citing sources have suggested that deliberations to hold Facebook responsible for violations of a legally binding agreement with the United States government aimed to ensure security of privacy of its personal data of the users of the social media platform is being undertaken by the US...

Tesla To Give The Pink Slip To 7 Percent Of Its Employees

The strategic plan of Tesla to increase production of its lower priced versions of its crucial Model 3 sedan also mandates that the company cuts its operational s\costs which has forced the company to announced jobs cuts in thousands.  The announcement left its shares down by 7 per cent....

Netflix Stocks Fall Despite Beating Market Expectation In Revenues And Subscribers For Q4

Despite adding more subscribers to its paid platform during the holiday season than had been expected by the markets, its shares dipped after Netflix Inc. released its earnings for fourth quarter.    There was a drop of about 3 per cent in immediately after the announcement of the...

IBM Led Consortium To Ensure Ethical Sourcing Of Minerals Using Blockchian Tech

The ethical sourcing of minerals in the supply of the global mineral industry would be ensured by the use of blockchain technology to be put in place by a consortium of companies led by IBM and includes Ford Motor, Huayou Cobalt, LG Chem, and RCS Global.   The concept of “blood diamonds” and...

Wells Fargo Q4, 2018 Earnings Reflect Effect Of Its Multiple Scandals

A series of scandals that dented the image of one of the largest banks of the US which potentially resulted in a decline in deposits and loans at Wells Fargo as the bank announced a drop in its profit in the last three months of 2018 on Tuesday.   A year-on-year drop of 1 per cent in its...

VW & Ford Partner To Develop EVs And Self-Driving Cars And Save Costs

With the aim of saving billions of dollars, top global car makers Volkswagen AG and Ford Motor Co are entering into a partnership to develop commercial vans and pickups and would also jointly conduct projects for the development of technologies for electric and self-driving technology. The two...

Lawsuit Against Board Of Alphabet Over Alleged Sexual Misconduct Cover-Up

The board of Google parent Alphabet Inc has been slapped with two law suits by shareholders accusing the company of being directly involved in attempts of covering up of sexual misconduct claims that were pressed against two former executives in within the last five years.   There have been...

Following Apple’s Sales Warning, Price Of iPhones Slashed By Chinese Retailers

After soft sale and demand for iPhones forced US tech giant Apple to recently announce a very rare revenues and profit warning for the fourth quarter, a number of Chinese electronics retailers including Suning – backed by Alibaba, and JD.com, have decided to cut down the prices of iPhones this...
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