Here’s your quick bite-sized news roundup so that you start your morning a little more fresh…
-
General Motors Co announced plans to close one of its four plants in South Korea, Asia’s fourth-biggest economy. The automaker will incur an $850-million impairment charge with the restructuring.
-
While Wall Street recovered over last night, European shares fell on Tuesday morning due to major indices slipping on unsatisfactory results.
-
International Energy Agency (IEA) hinted that the US-led global oil production might outpace oil demand in 2018. According to the agency’s monthly update, demand for oil jumped at a rate of 1.6 million bpd last year.
-
In an ironic turn of events, Remington Outdoor Co announced its plan to file for bankruptcy protection, with its topline hit like all firearm brands since the Trump administration took over.
-
Jeff Lucas, the sales head of Snap Inc is leaving the social-media giant. This is the third major head to move out of Snap in the last 6 months, after its product head in January and engineering head in November.
Most Popular
Key highlights from Autodesk (ADSK) Q4 2021 earnings results
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic stock tanks on delayed test flight
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000
