BMW Announces Expansion of Battery Factory
German-based automotive company Bayerische Motoren Werke AG (SG:BMW) announced on Monday that the company’s most recent BMW battery factory, which opened nearly seven months ago in China, will be expanding its facilities. The expansion is part of ... [Read]
EU to Ban Single-Use Plastics
On Monday, the European Union (EU) proposed a ban on all single-use plastics, such as straws and plastic utensils. The EU hopes to reduce the amount of single-use plastic items which are “most often found ... [Read]
Samsung to Pay $539 million to Apple for Patent Infringement
Patent Infringement Charges: After deliberating for several days, US federal jury ruled on Thursday that Samsung Electronics (GREY:SSNLF) must pay $539 million USD to Apple (NASDAQ:AAPL) for copying patented features for Apple’s smartphones. According to a ... [Read]
Amazon’s Alexa Records Couples Conversation, Sends it to Random Contact
Amazon’s Alexa: A woman from Portland, Oregon has recently discovered that her Amazon Alexa Echo device recorded a conversation between her and her husband and sent it to a random contact. The couple was informed ... [Read]
Fiat Chrysler Recalls 4.8 Million Vehicles
Fiat Chrysler Recall: The European-based automotive company Fiat Chrysler Automobiles NV (NYSE:FCAU) said on Friday that they are recalling 4.8 million vehicles in the US. The recall affects up to 14 Jeep, Ram, Chrysler and Dodge ... [Read]
L Brands Reports Disappointing Quarterly Results
The US-based company L Brands (NYSE:LB), who owns notable brand names such as Victoria’s Secret and Bath and Body Works, reported disappointing results for its first-quarter financial earnings. Net income of the company reached $47.5 million ... [Read]
Vevo to Phase Out Apps and Website
The US-based online music and entertainment company Vevo (private) has announced that it will be phasing out apps and the company’s website over the next several weeks. The company has said that it will be ... [Read]
Ralph Lauren Beats Analyst Predictions for Q4 Financial Results – Shares Surge +15%
Shares of the American apparel company Ralph Lauren Corporation (NYSE:RL) surged over 15% on Wednesday after the company released its fourth-quarter financial results. The company had beaten the expectations that some financial analysts had predicted for ... [Read]
Tiffany & Co. Reports Q1 Results – Shares Jump Almost 20%
Shares of the New York-based luxury retailer Tiffany & Co. (NYSE:TIF) jumped almost 20% after the company released the results of its first-quarter financial earnings on Wednesday. The company reported that worldwide net sales increased ... [Read]
JC Penney CEO Leaves Company to Become CEO of Lowes
CEO of the US-based department store chain JC Penney (NYSE:JCP), Marvin Ellison, has left the company to become the new CEO of the home improvement chain Lowe’s Companies (NYSE:LOW). JC Penney announced the resignation of ... [Read]