Microsoft announced plans to close all its physical stores as part of a new approach to retail. The company is expected to reserve $ 450 million, or $ 0.05 per share, in the fourth fiscal quarter for write-offs and impairment of assets. The company suspended its Microsoft Store in late March due...

SoftBank sees a successful merger and a hike its value after taking beating and heavy debt loads. The C.E.O of SoftBank Group Corp, Masayoshi Son defended his “investing decisions” by saying that the “Japanese conglomerate’s holdings” has managed to recover its values to the levels of...

Tesla is trying to be self-sufficient in manufacturing the “most expensive components” of EV. Tesla Inc has plans of creating a “battery research and manufacturing facility” in California’s Fremont. The said facility will be equipped to operate “around the clock”, while it is being called as...

US Macy's Inc. announced downsizing of 3,900 jobs amid the crisis caused by the COVID-19 pandemic. The cuts, which will affect about 3% of the company's staff, excluding seasonal workers, will be carried out both among management and among ordinary employees, according to a Macy's press release. In...

The German chemical company Bayer AG has agreed to an out-of-court settlement of about 100,000 lawsuits in the United States, which accuses the company of spreading the carcinogenic herbicide Roundup. "The company will pay a total of $ 10.1 to $ 10.9 billion to settle current and potential future...

Taiwan's Foxconn is looking to make more investments in its Indian operations and could make an announcement to that effect within the next few months, said the company’s chairman. The largest contract manufacturer of the world also views the outlook for its business opportunities in India to be...

The decision of the United States President Donald Trump to suspend granting of visas to a section of foreign workers aimed at boosting jobs for Americans has been opposed by corporate America and companies in the tech sector and their well known leaders. That includes companies like Google and...

The French investment company Phitrust, a minority shareholder in the PSA Group (which produces Peugeot and Citroen cars, as well as DS, Opel and Vauxhall), has opposed the merger of PSA with Fiat Chrysler Automobiles NV (FCA) on terms agreed last year. In a press release issued on the eve of the...

The Swedish mapping technology company Mapillary that gathers together images contributed by tens of thousands of contributors to create immersive and up-to-date maps have been acquired by last week by the social media giant Facebook, the two companies announced.   The technology at the...