The U.S. Securities and Exchange Commission (SEC) is conducting an inquiry on Japanese car maker Nissan Motor Co Ltd into alleged financial misconduct in executive pay in relation to the ousted Chairman Carlos Ghosn over his alleged financial misconduct, acknowledged Nissan on Monday.  ...

The Canadian union representing employees at the Oshawa, Ontario plant of general Motors has urged both Canadian and U.S. consumers not to purchase cars of GM manufactured in Mexico. This is the latest step taken by the union in Canada to force the GM authorities to come to the negotiating table...

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...

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...

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...

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...

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...

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....

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...

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...

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...