Tesla is being investigated for potentially taking too long to disclose a fatal crash in May. The Securities and Exchange Commission is concerned about the crash that has called into question the safety of a system in the car that takes control of steering and braking, the Wall Street Journal...

Nike company announced that its board chairman Phil Knight, thanks to whom the company has become one of the global leaders in the sporting goods market, is resigning. His place will be taken by current President and CEO Mark Parker. Phil Knight himself will become the honorary chairman of the...

The Prince of Wales assigns his fourth chief executive. “HRH The Prince of Wales”, the president of “Business in the Community”, has announced Amanda Mackenzie as its chief executive, marking the fourth such position holder in its thirty four years long history.   In her working career,...

The controversy over Facebook’s ethics, prompted the company to set up an experts’ panel. According to a “media report”, Facebook, the giant of social networking, has published the detail steps regarding treatment of the personal data of Facebook users, whereby the company shows how it uses the...

General Electric is reviewing its approach to evaluation and remuneration of staff. For decades, GE had defined an ideal employee as one who fights product defects and does not admit uncertainty. Now, however, the company’s executives argue that the best performers are those who are willing to take...

In 2014, founder of Theranos Elizabeth Holmes persuaded investors that her business is worth $ 9 billion. After a series of reputation scandals, this amount dropped to $ 800 million. Today, Forbes lowered assessment of Holmes’ wealth nearly to zero. American Forbes has lowered its assessment of...

Clothing turnaround proves disappointing while the food sector performs well. Reviewing the entire year’s profit of Marks & Spencer, the company reported a drop of “18.5%” profit margin. This synched with the new C.E.O, Steve Rowe, taking over his position, whereby it seems like a warning which...

Eight Asian budget airlines have created the world's largest low-cost airlines alliance. Malaysian AirAsia, Jetstar and Australian Indian IndiGo have not yet enrolled in the union. Eight discounter airlines have created the world's largest alliance of low-cost carriers, said Bloomberg citing the...

Movement Mortgage, established in 2008, wants will be issuing 10% of mortgage loans in the United States by 2025, according to the company’s website. In 2015, Movement Mortgage has issued $ 7.38 billion of loans, that is, 1.3% of the US mortgage market. The company is only eight years old, and it...