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Chinese state paper names Alibaba founder Jack Ma as Communist Party member
China’s richest man, Jack Ma, is a Communist Party member, according to the party’s official newspaper The People’s...
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Tesla stock falls on 70% sales plunge in China
In the world’s largest automobile market, China, Tesla (TSLA) managed to sell only 211 cars in October, Reuters...
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General Motors takes hard decisions on restructuring and job cuts
General Motors Company (GM) is planning a major overhaul of its operations and this involves closing several facilities...
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Paychex boosts HR outsourcing profile through Oasis buyout
Paychex (PAYX) is better equipped than most other Wall Street firms when it comes to initiating expansion programs,...
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Logitech drops plans to acquire Plantronics
Logitech International SA (LOGI) dropped its plans to acquire Plantronics Inc. (PLT) over price issues, according to a...
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Diana Shipping stock rises on upbeat Q3 earnings
Greek bulk carrier Diana Shipping Inc. (DSX) turned last year’s deficit into a profit in the third quarter...
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Companies reporting earnings this week: Nov 26 – 30
A slew of major companies are reporting earnings this week. Cloud computing company Salesforce.com (CRM) will announce third-quarter...
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Thanksgiving turned out quite busy at Tesla
It appears that quite a lot happened at Tesla (TSLA) during the holiday week. The company decided to...
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Mastercard, Visa slip after decision to cut controversial fees in EU
Every year, retail merchants witness a sharp increase in the number of electronic transactions during holiday shopping, a...
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Massive recall hits over 62,000 Mazda cars in Russia
Mazda has initiated the recall of 62,357 cars sold between May 2006 and November 2014 due to a...
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Tencent Music might finally launch its IPO on December 12
Concerns over the trade spat between Washington and Beijing, as well as the recent sell-off in the technology...
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Early data shows the UK spent less on Black Friday
According to Barclaycard — processor of almost half the card transactions in the United Kingdom — the amount...