Toyota Motor Corp (ADR) (NYSE:TM), one of the largest automakers of the world, is ready to recall as many as 57,000 vehicles for potential safety concerns with the air bags. The air bags manufactured by Takata Corp have faulty air bag inflators and up to 2.6 million vehicles with Takata air bags have been recalled…
Wal-Mart Stores, Inc. (NYSE:WMT) Ready For Management Shuffling, Adds American Airlines Group Inc (NASDAQ:AAL)’s Former CEO To Its Board
Wal-Mart Stores, Inc. (NYSE:WMT) is up for some management changes as its chief merchandising officer is likely to leave the office and at the same time the retailer has added the previous CEO of American Airlines Group Inc (NASDAQ:AAL) to its board. The chief merchandising officer of Wal-Mart, Duncan Mac Naughton, is planning to leave…
Kingfisher plc (KGF)’s Profit Took A Beating Amid Negative Foreign-Exchange Trends
The shares of Kingfisher plc (LON:KGF) have opened on a low note falling 3.2% in the initial hours of trading with current share price of $294.10 because of the low profit margins and sales reported in the third quarter 2014. According to the management, the primary reason for the drop in sales and profit margins…
BlackBerry Ltd (NASDAQ:BBRY) Ready To End Apple Inc (AAPL)’s iPhone Dominance, Pays $550 For Trading iPhone Against Passport
What might sound like an unbelievable move from the mobile manufacturer, BlackBerry Ltd (NASDAQ:BBRY), the company is ready to offer up to $550 to the customers trading iPhone for its “Passport” Smartphone device. This is the most straightforward attack on Apple Inc. (NASDAQ:AAPL)’s iPhone and somewhat surprising after the monstrous iPhone 6 sale predictions for…
General Motors Company (GM) Ready For High-End Management Transitions, GM Canada Gets New President
The largest automaker of U.S., General Motors Company (NYSE:GM), is up for some top leadership changes, as the company reshuffles its management. In the transition, two of the top female executives of the automaker will handle new management responsibilities whereas two high-end male executives will focus towards the purchasing power of the company. In addition…
Best Buy Co Inc (BBY) Shares Rally 7% Up Post Strong Third Quarter Results
It was an excellent day for Best Buy Co Inc (NYSE:BBY) as its shares rallied up 7% after announcing third quarter 2015 financial results. The biggest electronics retailer of the United States surpassed market profit expectations while increasing revenue for the quarter. The electronics retailer announced net revenues of $9.4 billion for the quarter with…
The Gap Inc. (NYSE:GPS) Experiences Gradual Decline In Old Navy Sales, New Global Presidents Ready To Restore Sales
The Gap Inc. (NYSE:GPS) reported its third quarter 2014 financial results with declining Old Navy sales and the shares of the apparel brand rallied down 4% during extended hour trading. The apparel manufacturer trimmed down its earnings forecast for 2014. At the same time, the company elected two new global brand presidents for Gap and…
General Motors Company (GM)’s Legal Troubles Amplified With $3 Billion Arizona State Lawsuit
The legal woes of General Motors Company (NYSE:GM) are nowhere near their end as the Arizona State has filed a lawsuit against the automaker claiming damages in excess of $3 billion. The lawsuit accuses the automaker for concealing safety issues in its cars and defrauding the customers. General Motors Company (NYSE:GM) has recalled over 2.6…
Bayerische Motoren Werke AG (BMW) Worried About Slowing Growth Rate And Demand In China
The high-growth Chinese premium car market seems to be stabilizing according to Bayerische Motoren Werke AG (ETR:BMW)’s China Head. The premium automaker is all set to maximize local production for double-digit growth. At the same time, the competition in the luxury car segment is on the rise with Ford Motor Company (NYSE:F) introducing Lincoln brand…
Apple Inc (AAPL) Unveils Beats Electronics Solo2 Wireless Headphones
Apple Inc (NASDAQ:AAPL) announced the release of Beats Electronics’ new Solo2 Wireless Headphones. Priced at $300, the new headset uses Bluetooth technology to connect to users’ audio devices from as far as 30 feet away. Earlier in June this year, Beats introduced the PowerBeats2 Wireless earphones for a price of $200. Founded by producer Jimmy…