Dollar Tree announced it has sold its Family Dollar business to private equity companies Brigade Capital Management and Macellum Capital Management for about $1 billion. […]
Category: Business
U.S. Robotics Companies Advocate for National Strategy to Compete with China
American robotics companies, such as market leaders Tesla, Boston Dynamics, and Agility Robotics, are calling on the U.S. government to create a detailed national strategy […]
GameStop Embraces Bitcoin Amidst Strategic Store Closures
In a move that is both radical and a reflection of its embrace of the changing digital era, GameStop has announced that it would add […]
Tesla Sales Plunge 49% in Europe Despite Growing EV Market
Tesla Inc. saw its performance severely decline in the European market, with sales declining sharply by 49%, while seeing a steady increase in sales of […]
Samsung Electronics Co-CEO Han Jong-hee Passes Away at 63
Samsung Electronics announced today the unexpected death of its Co-CEO Han Jong-hee at the age of 63. The tech executive, a key figure in Samsung’s […]
Hyundai Announces $21 Billion Investment in U.S. Electric Vehicle Production
Hyundai Motor Group said it was shifting to invest $21 billion expanding its electric vehicle manufacturing factories in the United States in an enormous shift […]
Bayer to Pay $2 Billion in Roundup Settlement Amid Ongoing Legal Battles
Bayer announced a settlement of $2 billion for clearing the way for thousands of lawsuits against its Roundup weedkiller, which has been named Roundup for […]
Nike Focuses on Athletes, Warns of Challenges Ahead in Turnaround Plan
Nike’s return to its athlete and innovation roots is beginning to yield dividends but the sports apparel titan warned that the most challenging aspects of […]
London’s Heathrow Airport Shuts Down Due to Major Power Outage
After a power blackout, one of the world’s busiest airports, London Heathrow, has been fully shut down. The malfunction, which began very early in the […]
Lean Cuisine and Stouffer’s Frozen Meals Recalled Over Potential Contamination
As per the indictment, Rinsch was very high risk and involved himself with stock options and cryptocurrencies. The investments had cost him a pretty penny […]