Following reports published in the media that the US based electric car maker Tesla had asked some of its US suppliers to return money back to the company because it was experiencing a cash crunch, shares of the company fell by7 5 per percent.   The report was published ion the Wall Street...

Facebook announced on Tuesday that it would set up a “innovation hub” in China through a subsidiary that it has already created in the country which would be geared to provide support local start-ups and developers. This is an attempt by the largest social media platform in the world to increase...

Wages for 10 per cent of the global workforce or about 7000 employees of Nike would be raised by the company.   An internal memo by the company made this announcement.   The company wants to "support a culture in which employees feel included and empowered", said company spokeswoman...

A big tent is the solution that has helped Tesla to achieve its announced weekly target of manufacturing 5,000 Model 3 electric car.   It has been reported that the target was met on July 1 when the company rolled out its 5001th Model 3 from the production line in California in seven days....

A big bottom line of Google parent Alphabet which comfortably beat market estimates saw its shares surging after the company reported good second quarter results.   The company reported adjusted earnings per share at $11.75 compared to market expectations of $9.59 while it reported revenues...

The shares of Biogen Inc.  – a pharma company, saw a surge of 20 per cent in a single day following the revelation of results of its experimental drugs indicated that the treatment could slow the progression of Alzheimer’s. These very drugs of the company had shown disappointing results in...

As a measure to prevent the viral spread of hate messages and misinformation, users of Facebook-owned messaging service WhatsApp would only be able to forward messages to 20 people at a time.   The new limitation of the messaging app would be even stricter in India where there has been...

A still-obscure luxury brand that is also young is Genesis which has a complicated history an the brand is passing through a period of very significant change currently.   The widely praised 2019 mid-sized G70 – another upscale model from the stable of the Korean carmaker Hyundai is set to...

 Alberta. Canada, based Clinic and Retail Co - a medical clinic and cannabis retail company would be acquired by Invictus MD Strategies Corp pending final review approval of the deal as well as issuance of a cannabis license by the Alberta Gaming and Liquor Commission, announced Invictus....

Based on suspicion that Kobe Steel Ltd. had violated an unfair competition law with regards to falsification of data about the quality of products exported and distributed domestically, the company has been indicted by Japanese prosecutors.   According to prosecutors, the company – the...

Following another quarter of high returns driven by its software business and Azure cloud computing services, the shares of Microsoft Corp were set to open at a record high on Friday.   There was a 4 per cent increase in the shares of the company in trading before the bell to touch $108.50...