Biz/Tech
Volkswagen to Build Low Cost Cars in China, Considering Introducing Line to Other Markets
German automaker Volkswagen will build a line low-cost cars in China aimed for that market and Southeast Asia by 2018, its chairman said.
Latest News
US Consumer Sentiment Best in Five Months, Spending to Rise
With the string of positive reports on the economy, American consumer sentiment in June rose to its highest level in five-month, indicating that people will be spending more this year.
More Job Cuts Coming at General Mills to Manage Cost as Sales Remain Sluggish
Struggling with sluggish sales, cereal maker General Mills said Thursday that it will cut up to 725 jobs continuing its recent moves to let go of people and close facilities to manage its costs.
Whole Foods Denies Charges of Overcharging in New York
The New York Department of Consumer Affairs is going after grocery chain Whole Foods for allegedly mislabelling the weight of pre-packed items thus short-changing customers for purchases.
Toyota and Nissan Recalls 3 Million More Cars as Airbag Manufacturer Finally Apologizes
The fallout from the deadly passenger-side airbags made by Takata Corp. again impacted Japanese automakers Toyota Motor Corp and Nissa Motor Co as the two increased the combined number of vehicles to be recalled around the world by 3 million more.
South Korea to Boost Spending as MERS and Drought Batter Economy
The South Korean government plans to spend an additional $13.5 billion this year to protect its economy from the effects of a respiratory disease outbreak and drought.
Carl Icahn Exits Netflix After Stock Split
Billionaire Carl Icahn sold the remainder of his holdings of Neflix, Inc., again realizing a massive profit even despite having already sold a substantial stake in 2013 as the value of shares continued to surge due to the company's sustained business improvement.
Ahold, Delhaize Merger to Create Supermarket Giant
Europe is about to have a supersized supermarket chain with Royal Ahold NV and the Delhaize Group agreeing to merge operations to create a grocery giant worth $29 billion.
Boeing Appoints New CEO, Turn Over Becomes Official On July 1
Aerospace giant Boeing Co. will have a new CEO on July 1, with Jim McNerney making way for Dennis Muilenburg, one of his top lieutenants.
Australia Joins China-led AIIB, US And Japan Refuse Amid Pacific Disputes
Australia has pledged to join a China-initiated lender seen as a counterweight to rival the World Bank, putting in $718 million in the bank over five years to make it the sixth biggest shareholder.
Most Read
