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Samsung expands manufacturing in the US to produce home appliances

The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.

Mar 09, 2017 9:05 AM EST

News

General Motors lays off 1,100 employees in Lansing plant

The workers keeping their jobs now are still safe from any employment actions as General Motors just invested $583 million in the plant.

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Snapchat parent company's IPO gains just disappeared

Analysts are concerned over Snapchat's sudden growth, valuation and hype for the past weeks and claim its IPO gains as overpriced.

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Vauxhall joins PSA Group in €2.2 billion deal, employees fear job losses

French company that owns Peugeot and Citroen enters into a €2.2 billion deal to buy General Motor's European unit which includes Vauxhall. General Motor CEO Mary Barra affirms Vauxhall's British brand while respecting the agreements on the workforce.

Mercedes-Benz recalls almost one million cars after 51 fires reported

The incident was due to an issue with an engine part that can cause an electrical fire and conditions would occur during the starting of the car.

Mar 06, 2017 8:52 AM EST

Luxury automakers drive online sales on Tmall.com

China is projected to become the top market for luxury automakers by 2020 and brands rev up sales with Tmall.com to reach the country's affluent and digitally active consumers.

Mar 06, 2017 5:58 AM EST

Japan and Airbus welcome new agreement on industrial partnerships

Airline company Airbus welcomes new agreement on industrial partnerships with Japan. Airbus welcomes new agreement on industrial partnerships with Japan.

Mar 06, 2017 1:05 AM EST

Mexico economy minister sets meeting with US automaker executives in trade push

Trump's threats and unpredictability drives Mexico to build support from companies and US states that rely on business on the south border.

Mar 03, 2017 10:25 AM EST

Snapchat share price soars on market debut

The firm's valuation of $30 billion is the biggest record for a US tech company since Facebook in 2012.

Mar 03, 2017 8:28 AM EST

McDonald's expands delivery service through ordering app

The new app will allow customers to place orders for pickup alongside features such as customized favorites and preferred payment methods.

Mar 02, 2017 7:24 PM EST

Yahoo CEO Mayer gives up annual equity, bonus over mishandling of secuirty breaches

Mayer claims responsibility and offered that her cash bonus and annual equity award, instead, that it be redistributed to Yahoo's hardworking employees.

Mar 02, 2017 7:03 AM EST

Samsung chief faces trial after indictment on corruption charges

De facto chief of the South Korean electronics giant faces trial after indictment on multiple charges which include bribery and embezzlement.

Mar 02, 2017 12:59 AM EST

Alibaba seeks tougher penalties for purveyors of counterfeit goods

E-commerce giant seeks tougher laws, stricter enforment and heavier penalties against retailers or vendors of counterfeit goods in China.

Mar 01, 2017 1:21 AM EST

Lenovo Third Quarter Profits Plummet

Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.

Feb 19, 2017 9:11 PM EST

Toshiba chair quits hours after conglomerate reveals $3.4 billion loss

Toshiba's chairman steps down shortly after the Japanese multinational conglomerate reported a multi-billion-dollar loss.

Feb 15, 2017 1:08 AM EST

Apple Ends Losing Streak, Posts Rise In Sales After Nine Months

Apple CEO Tim Cook says the company had the highest quarterly revenue ever, adding they have also returned close to $15 billion to investors through share repurchases and dividends.

Feb 02, 2017 2:53 AM EST