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Toyota Motor will have to pay a record fine of USD 180 million for violating the Clean Air Act for a decade, the Office of US Attorney in Manhattan announced. This is the largest civil penalty levied on any company for violation of requirements of federal emissions. According to a complaint filed in Manhattan, the […]
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Social media firm Pinterest has agreed to settle a gender discrimination lawsuit brought by the former chief operating officer of the company for USD 22.5 million. Under the settlement, Francoise Brougher and Pinterest will jointly contribute USD 2.5 million to philanthropies. The money will be used towards advancing underrepresented communities and women in the tech […]
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American multinational Oracle is all set to shift its corporate base. The company has announced to move its headquarters to Texas from California. The cloud major has started work on setting up its new headquarters in Austin which is the capital city of Texas. Oracle cited flexibility of employee work as the main reason behind […]
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Tech giant Google has decided to further delay its in-app purchase policy. The development comes in the backdrop backlash the company was facing from several quarters. The decision has come as a huge relief for developers who were afraid of losing revenue because of the new policy. Google had announced plans to charge a 30 […]
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The tab is not the only brand that is being scrapped by beverage giant Coca-Cola. The soft-drink company is planning to discontinue roughly half of its portfolio or around 200 brands. Some of the popular and beloved drinks that will be discontinued are Odwalla and Zico. This is for the first time when the company […]
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General Motors’ Detroit-Hamtramck Assembly Center is undergoing a huge transformation. This is why it has been named as ‘Factory Zero.’ The sprawling plant was often referred to as D-Ham within the company. According to plant Director Jim Quick, the renaming of the plant to Factory Zero has a lot to explain. This hints towards its […]
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US bookseller Barnes & Noble is the latest victim of a cyber attack. The cybersecurity attack led to unauthorized access to the company’s data that exposed customers’ information. The information included information like email addresses and other personal details, the bookstore giant has disclosed. Customers of Barnes & Noble have been informed about the cyber […]
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ConocoPhillips is reportedly considering to acquire smaller rival Concho Resources. America’s largest independent oil explorer is already in talks and the two companies may finalize the deal in the next few weeks. The development comes at a time when the industry is facing the biggest downturn in several decades. Experts believe that the volatility in […]
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Mobile payment service Venom has launched its much anticipated first credit card to ‘select customers.’ However, the company has said that it will be soon available for everyone. Those who want this credit card can apply through the company’s app. The company has fixed a certain condition that needs to be fulfilled at the time […]
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Ford has announced some major structural and management changes on Jim Farley’s first day as the chief executive officer. The company has announced that its chief financial officer (CFO) is leaving the company on October 15. Tim Stone will join as CFO at a small intelligence company, the company said in a statement. Stone had […]
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Los Alamos County in the US States of New Mexico has been named the healthiest US community. The announcement has been made in the US News 2020 Healthiest Communities rankings released Tuesday. The Healthiest Communities list has been prepared after the evaluation of almost 3,000 communities of the United States. The list has 500 healthiest […]
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Amid an ongoing legal battle with Epic Games, the maker of Fortnite, Apple has revised its App Store guidelines. The move comes ahead of the release of the latest version of the iPhone operating system. The iOS 14 is expected to be released later this month. The guidelines for the App Store are important as […]
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Search engine giant Google has introduced a new feature for Android tablets. The new feature is dedicated to kids. The company has just announced the launch of a mode for children on Android tablets. It has named it Kids Space. Google in a statement said Kids Space is a special interface for children. While the […]
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The online giant company Amazon’s billionaire founder Jeff Bezos recently said that before the government plans to restart the crumbling economy, more testing for coronavirus needs to be done. In his annual letters to shareholders, Jeff Bezos mentioned this fact of testing more of coronavirus. He thinks people need to be tested more to make […]
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The decline from the ongoing coronavirus epidemic spread across the Globe is severely affecting the travel and tourism industry. On Friday, Australian travel agencies have issued profit warnings, and Japanese transporters are limiting their capacity. Meanwhile, U.S. airlines has hurried to slash expeditions to Europe as a result of the latest travel restrictions. U.S. tourism […]
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When it comes to business, geological situations like trade war can be more effective than anything else. Huawei is that tech giant company which faced lots of backlash from the Trump government for using their phones to spy on people. Huawei has managed to get ahead if the US-based tech companies when it comes to […]
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Leslie H Wexner is likely to step down as the CEO of L Brands amid reports that the brand is planning to sell control of Victoria’s Secret for USD 1.1 billion. Private equity firm Sycamore Partners is reportedly in talks to buy 55 per cent of Victoria’s Secret. According to people with knowledge of the […]
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Electric Vehicle manufacturer Tesla has announced that it is recalling around 15,000 Model X SUVs citing power steering issues. The issue could make steering harder because of a loss of power steering and increases the risk of an accident. The National Highway Traffic Safety Administration (NHTSA) has stated that aluminum bolts attaching the gear housing […]
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Charles Ghosn is the former founder and chairman of Nissan automobile company, but an essential thing that every media house showed is how did he get out of Japan secretly. Ghosn, who was in custody of two US officials in Japan and was about to face jurisdiction, escaped secretly. Reports show he smuggled out of […]
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The retail giant Pier 1 Imports that is famous for importing and selling furniture plus related stuff is planning to close down many outs stores nationwide. Texas-based furniture retail company Pier 1 announced that they are expecting to close 450 stores during this year as part of reconstructing plan. The company is not making any […]