The United States has offered temporary exemption from tariff imposition on steel and aluminum imports from the European Union, Canada and Mexico. US government considers levying tariffs on imports as a measure of impeding imports and supporting in-country metal manufacturers. Discontinuance of the exemption will be met with retaliatory actions from the EU and China. […]
Category: Business
Owing to an overheated engine, Alaskan airlines Flight 145 heading towards Honolulu from Seattle made an emergency landing at the Daniel K. Inouye International Airport in Honolulu on Friday night at 9.50 pm, 45 minutes before the designated landing time. The 157 passengers and 8 crew members aboard the flight are safe. Passengers expressed gratitude […]
The United States Wireless Communication Services Companies T-Mobile and Sprint are speculated to announce an all-stock deal on this Sunday. Rounds of negotiations between the companies over the years have allegedly resulted in Sprint arriving at a compromise due to anticipated 5G technology deployment by rival telecom companies Verizon and AT&T. The merger could meet […]
Subway, one of the largest fast food restaurant chains in the world hit turbulence in the recent years owing to intense competition from other players in the market. As a turnaround plan, Subway is planning to close about 500 stores in the U.S. resulting in lesser footprint than before, but better profit margins. The restaurant […]
A Starbucks store in Atlanta is in trouble as a 25-year-old customer notified the manager-on-duty about a camera installed in the baby care room on Tuesday. The device had an hour-long recorded video of 8-10 men and women using the restroom. The police investigation is on-going and the authorities have confirmed that the video was […]
Qualcomm, the San Diego based chip maker is laying off about 1000 employees as part of the 1 Billion Dollar cost cut promised to its share holders. This moves comes shortly after President Trump passed an executive order stopping Broadcom, a singapore based competitor from acquiring Qualcomm. As of this writing, there was no WARN […]
Tesla announcement that it is shutting down the model 3 production line temporarily for couple of days. Employees are asked to use their vacation days or stay at home without pay during this hiatus. Tesla said that the shut-down is to review the factory automation and improve them. This move comes shortly after Elon Musk, […]
Kevin Johnson, the CEO of Startbucks issued an apology for the arrest of two men on trespassing charges. Two black men were waiting at a Starbucks outlet in Philadelphia for one of their friend to arrive. They were asked to leave by an employee at the store, who later called on the Police. The video […]
Toys R Us, the toy store chain that filed for bankruptcy protection last year received few Billion dollar bids for its Asia Business. The bids are for a majority stake in the company in Asia. With mounting debts, Toys R Us has been shutting down its stores in US and UK. Though the business was […]
Stephen Lanzo, an investment banker from New Jersey and his wife were won a lawsuit against Johnson & Johnson, with the Judge asking J&J to pay the couple $37 million in damages. Lanzo alleged that he has been using J&J baby talc powder since 1972 and has diagnosed with mesothelioma, a deadly cancer linked to asbestos. […]