Business

Toyota to buy back shares

Things have been going in the favor to Toyota Motor Corp, which has reported a rise in profit by 13% in the second quarter. Yen is not performing well, which has added an earnings momentum. Therefore, the company has announced about a share buyback.

The company’s net income in three... read more

Amazon announces New Parental Leave Policy

Amazon has recently announced a new parental leave policy to employees via an email. Under the Seattle-based company’s new policy, birth mothers can take 20 weeks of paid parental leave. The policy also includes a new leave-sharing system, which allows employees to share 6 weeks of paid leave... read more

Nissan raises Full-year Net Profit Forecast by over 10%

Japan’s second-biggest automaker, Nissan Motor Co., has raised its full-year profit forecast by more than 10% after solid sales in the United States. The company announced on Monday that the full-year profit could be around 535 billion yen. The profit will be up about 17% from the last financial... read more

Chevron Corp slashing 10% of its workforce

Chevron Corp has announced that it is cutting off 10% of its workforce, which will save its budget. On Friday, Chief Executive Officer John Watson gave a downbeat view of an industry facing a lot of problems due to low oil prices.

An over 55% drop in crude oil CLc1 since past year has... read more

Sherwin-Williams launches its microbicidal Paint Shield line

Sherwin-Williams, the Cleveland-based company, has announced about its new paint, whose unique selling point lies in what it do. On October 28, the company launched its microbicidal Paint Shield line, which not stops common bacteria from growing, but also kills ‘difficult-to-treat, infection-... read more

Car owners can tinker vehicle software without incurring some US copyright liability

Car owners and security experts can make small changes with automobile software without suffering some US copyright liability, as stated by the new guidelines that have been issued this month that had been conflicted by the auto industry.

Automakers such as General Motors Co (GM) and... read more

Volkswagen AG CEO set to face investors for the first time since emissions scandal rocked company

Wednesday is going to be a tough day for Volkswagen AG CEO Matthias Mueller as he is going to face investors for the first time since the emissions scandal rocked the company. The meeting is going to be held to report a loss during its third quarter, which is another first in number of years for... read more

GM and UAW reach Tentative Agreement

As their contract was about to terminate, the United Automobile Workers union (UAW) and General Motors (GM) on Sunday night announced a tentative agreement on a latest national agreement that covered around 52,000 employees.

Dennis Williams, the union president, mentioned in a statement... read more

New Jersey’s Evesham Township offering free Uber rides to reduce DUI arrests

Reuters has revealed in a recent report that New Jersey's Evesham Township – which is located in the southern part of the state – has partnered with ride-sharing service Uber to transport drunk drivers around, for free, after hours.

The move by Evesham Township to team up with Uber has... read more

Amazon Surprises Market Analysts with Profits in Q3

Amazon.com, the mega online retail giant, that suffered losses over the past quarters left investors and market analysts awe-struck with its surprise profits in the third quarter results.

The company recorded a profit of $79 million, or 17 cents a share in the third quarter. The profits... read more

GM: LG will supply 11 systems for Chevrolet Bolt

Bigwig automaker General Motors (GM) said on Tuesday that almost all of the powertrain parts and other components for the company's long-range electric car Chevrolet Bolt will be supplied by LG Electronics Co.

The announcement implies that LG Electronics is apparently set to play a... read more

Amazon to Hire 100,000 Employees for Meting Out Shortage of Staff in Holiday Season

In view of the increased requirement of additional staff amid the approaching holiday season, Amazon today announced its plans to hire nearly 100,000 employees.

The new employees will be given roles across the company's shipping warehouses and sorting centers in the U.S. Among these,... read more

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