The second-largest automaker in United States, Ford Motor Company (NYSE:F), is all set to start production of its best-selling vehicle, F-150 Truck. The new model features an aluminum intensive design and is likely to go on sale in December. The production is said to start at the Dearborn, Michigan assembly plant of the automaker and…
Alibaba Group Holding Ltd (BABA)’s Alipay Unit To Join Parent Company With IPO
With a current market cap of $285.82 billion, Alibaba Group Holding Ltd (NYSE:BABA)’s CEO is all set to stir the market again with the IPO of Alipay unit of the company. No timeline was declared for the same and Alipay is a unit of the financial arm of the company. Jack Ma, CEO of Alibaba…
General Motors Company (GM) Sanctions More Death Claims In Ignition Switch Compensation Program
Under the compensation fund started by General Motors Company (NYSE:GM) for accidents caused because of faulty ignition switches, the company has found two more eligible death claims along with four injuries claims. The compensation program started accepting claim applications on August 1, 2014. According to the recent reports, the claim program has received up to…
McDonald’s Corporation (MCD) Reports Lower Than Expected Comparable Same-Store Sale Drop In October But Still Challenged
In the highly competitive fast-food industry, McDonald’s Corporation (NYSE:MCD) reported lower than expected drop in its sales during October 2014. The world’s largest fast-food chain is facing stiff competition from other fast food chains including Chipotle Mexican Grill, Inc. (NYSE:CMG), Wendys Co (NASDAQ:WEN) and Burger King Worldwide Inc (NYSE:BKW). The drop in global comparable sales…
Costco Wholesale Corporation (COST) Might Devolve Partnership With American Express Company (AXP) In U.S.
What might sound as another distressing news for American Express Company (NYSE:AXP), Costco Wholesale Corporation (NASDAQ:COST) might go for a new U.S. card issuer for its retail stores. Earlier, the retailer ended its partnership with the credit card issuer in its Canadian stores. According to the recent news, the retailer is looking for a new…
Wal-Mart Stores, Inc. (WMT) Bolsters Food Safety in China, Asia Chief Announced
Wal-Mart Stores, Inc. (NYSE:WMT) will concentrate on food safety to bolster its profitability in China. In an interview with Reuters, Scott Price, Wal-Mart’s chief executive in Asia said that the company’s 400 stores in China would benefit if the company would drive its efforts on the issue of food safety. Food safety scandals has haunted…
BlackBerry Ltd (BBRY) CEO Targets Profitability, Will Launch Fewer Devices
Blackberry Ltd (NASDAQ:BBRY) is now through with the first phase of its recovery plan slated to be complete in two years, according to the company’s chief executive John Chen, who assumed leadership of the beleaguered mobile technology company last year. Chen has helped to revive the struggling company by broadening app offerings, forging partnerships to…
Apple Inc. (AAPL) Blamed by GT Advanced Technologies Inc (GTATQ) for being a Bully
GT Advanced Technologies Inc (OTCMKTS:GTATQ) threw the blame on Apple Inc. (NASDAQ:AAPL) for forcing the sapphire maker to agree to a “one-sided” deal that favored the iPhone maker and pushed the sapphire maker to bankruptcy. In a sealed court documents that has been ordered to be made public by U.S. Bankruptcy Judge Henry Borrof, GT…
Amazon.com, Inc. (AMZN) Starts Alternative Delivery Mode Experiment With Taxi Deliveries In California
The e-commerce retailer, Amazon.com, Inc. (NASDAQ:AMZN), riddled by delays during the last Christmas season, is looking for efficient delivery alternatives and the latest delivery mode used by the company includes taxi deliveries. The company is said to use taxi deliveries in California during the past few weeks. As mentioned by the Wall Street Journal, the…
Qualcomm, Inc. (QCOM) Profit Hurting From Chinese, American, and European Regulatory Investigations
Qualcomm, Inc. (NASDAQ:QCOM) expressed concerns that investigations into the company’s business practices is harming profitability. The company, a leader in smartphone chips, has seen a drop in its shares – as much as 6.5%, sliding from $77.20 to 72.50 on the NASDAQ. The drop in the company’s market shares value followed disclosures that Qualcomm, Inc,…