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.
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
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 (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