Following the Volkswagen emissions scandal, more than two dozen diesel car models made by BMW, Chrysler, General Motors, Land Rover and Mercedes-Benz are being investigated by the U.S. regulator that exposed Volkswagen's rigging of emissions tests to ascertain whether the other car manufacturers...

After a $1.3 billion accounting scandal, Japanese electronics giant Toshiba Corp could lay off staff in its under performing home appliances, TV and PC businesses.   This was said by the chief executive of the company on Thursday adding that the company was on the lookout for a partner for...

Around 500 employees are expected to be laid off by Wal-Mart Stores Inc at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, reports the media. Quoting sources knowledgeable about the company affairs, American media says that the global retail giant is slated to...

C.E.D files a petition for proceeding with its sale of Assets, whereby the company wants to sell ‘substantially’ all of its assets. Bidders are open to name their price. Hoping for relief, the “Cambridge Endoscopic Devices, Inc.” filed an appeal “under chapter 11 of the Bankruptcy Code”. The case...

Global trade for 2015 has been downwardly revised by WTO from its earlier 3.3% to its current 2.8%. A major component of this revision can be attributed to the rapid cooling of the Chinese economy, low prices of oil and commodities as well as falling demand from Brazil. As per the World Trade...

Riding on the first model of its long-awaited Model X electric sports-utility vehicles, analysts are of the opinion that Tesla, which has been facing losses for quite some time, could bounce back into profitability. The car was launched on Tuesday.   This is a milestone of sorts for the...

Anticipating high financial losses following the emission scandal, German auto maker Volkswagen has initiated cost cutting measures as the company reportedly readies itself to face potential business losses. The company has imposed a hiring freeze at its financing business and cut a shift at a...

The famous American fashion designer and founder of his own fashion house Ralph Lauren is stepping down as CEO Ralph Lauren. His successor will be Stefan Larrson, who now heads the brand Old Navy, owned by Gap. The famous American fashion designer and founder of his own fashion house Ralph Lauren...

Re/code reported on Tuesday that users of Twitter could soon have more than the 140 characters stipulated for placing their views as the company I building a new product that will allow users to share tweets that are longer 140-character limit.   The website reported this quoting multiple...