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Ford Targets Emerging Markets with Frugal India Build, In a Bid to Compete With its Rivals in 5th Largest Auto Market

Using India-based engineering, Ford aims to penetrate the India market in a bid to compete against its Asian rival auto companies that are outselling them in the arena.

Aug 13, 2015 04:16 AM EDT


Legionnaire's Bacteria Forced GSK to Stop North Carolina Plant Operation

GlaxoSmithKline closes it North Carolina plant due to a Legionella bacteria's discovery in the cooling tanks of Zebulon plant after routine inspections. It will resume operation after the problem has been solved and confirms no expectation of a disrupt in medicine supply.

Aug 13, 2015 04:35 AM EDT


Kraft Heinz terminates 2,500 jobs in the U.S. and Canada to save costs

Kraft Heinz is cutting 2,500 jobs around the United States and Canada. Seven hundred of it will include its labor force in Northfield, Illinois.

Aug 13, 2015 04:14 AM EDT


Starbucks and 28 other US companies to create jobs for disconnected youth

More than two dozen companies in the US join Starbucks in assuring Americans to create 100,000 jobs for the unemployed youth by 2018.

Aug 13, 2015 03:46 AM EDT


Verizon develops technology making Internet 1,000 times faster

Good news for movie buffs. Verizon has successfully tested a new broadband technology allowing users to download a movie in a matter of seconds.

Aug 13, 2015 02:43 AM EDT


Analysts bet on Macy's, Alibaba, Cisco and News Corp; quarter earnings to be announced

Macy's, News Corp, Alibaba and Cisco are scheduled to report their quarterly revenue on Wednesday. Analysts are eyeing the movement of four companies in the stock market.

Aug 13, 2015 02:00 AM EDT


Judge Rules NYC Responsible Banking Act Unconstitutional as it Conflicts with Existing Federal and State Statutes

Responsible Banking Act that sought to be socially responsible to their low-income neighborhoods was deemed unconstitutional by the federal court.

Aug 12, 2015 11:03 PM EDT


General Electric to sell Healthcare Financial Services biz to Capital One for $9bn

GE has decided to sell its healthcare financial business unit to Capital One for $9bn. This is part of its business plan to offload $100-bn worth assets by 2015 end. GE to remain focused on its core business operations.

Aug 13, 2015 03:03 AM EDT


Verizon dumps annual contracts; Here's how to save money with your phone bills

The nation’s largest wireless company is ditching its two-year service contracts, offering a new system that allows customers to buy phones upfront or pay for it through a two-year monthly program. This brings plenty of benefits, especially when it comes to saving more money for a phone.

Aug 12, 2015 10:50 PM EDT


The New 10: Eleanor Roosevelt leads survey as the new face for $10 bill

Eleanor Roosevelt is leading the votes in the recent survey conducted by The Marist Poll on who among American women should be in the next $10 bill.

Aug 11, 2015 11:24 PM EDT


Adobe joins tech industry move to offer better parental leave benefits

Adobe Systems, Inc. made significant changes to their parental leave policy to offer better work-life balance to employees.

Aug 11, 2015 11:17 PM EDT


Columbus, Ohio, San Francisco among top cities with high wage growth

The recovery in the US economy is creating more jobs, thus increasing the demand for manpower and pushing the wages upwards. Some cities are registering over 4% wage growth.

Aug 11, 2015 10:52 PM EDT


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