Firm Management

SunPower Announces Mass Layoff as it Ceases Residential Installations

SunPower announced a mass layoff that would affect thousands of employees as it ceases residential installations.


JD Sports to Acquire US Retailer Hibbett for $1.08 Billion Amid Expansion

JD Sports, the UK's largest sportswear retailer, plans to buy Hibbett shares at $87.50 each in cash...

JetBlue Ex-CEO Robin Hayes Appointed to Head Airbus’s North American Division

Robin Hayes, former CEO of JetBlue, will now serve as the head of Airbus' North American operations...

Elon Musk Delays India Visit Due to Tesla Commitments; Still Aims to Visit This Year

The planned visit, initially set for the upcoming week, was eagerly awaited and anticipated to involve vital talks concerning Tesla's entry into the Indian market...


Latest News

Instagram Will Start Reordering Feeds Based on Likelihood Algorithms Instead of Posting Time
Instagram announced its decision to apply algorithms to reorder feeds, showing posts based on likelihood instead of time. Instagram is the latest among other social media giants to embrace such change
WPP To Announce £60 million Pay Package For Its CEO, Ignoring Investors’ Previous Massive Protest
Share prices of WPP have been witnessed to rise by 98% between 2011 and 2015. Acknowledging WPP CEO Sir Martin Sorrell’s efforts, the world’s largest ad firm is going to announce £60 million Pay Packa
Lyft Teams Up With GM to Launch Car Rental Program as It Aims to Get More Drivers
App-based ride-hailing service Lyft announced its new initiative with GM, a car rental program called Express Drive. Aiming to grow its base of drivers, the new program will allow drivers to apply wit
Fastjet Bows To Founder’s Call Removing CEO And General Counsel With Immediate Effect
Fastjet founder Stelios Haji-Ioannou has called for removing its CEO and suggested for other restructuring. Though the African budget carrier has decided for keeping the CEO as an advisor for another
Liverpool FC CEO Ian Ayre to Step Down May 2017, Despite Owners' Persuasion to Stay
Liverpool FC's Ian Ayre is to step down as CEO after his current contract ends next year. The club’s owner has been trying to convince him to stay, but without success.
GE Acknowledges CEO’s Achievements Last Year, But His Total Compensation Reduces 11.5%
GE acknowledges 2015 as one of the most successful business years in its history while recognizing CEO’s leadership contribution. Jeffrey Immelt, chairman and CEO of GE, has received $33 million compe
Silicon Valley's VC Firm Partner Dismissed Over Disturbing Lawsuit of Sexual Abuse
A lawsuit filed on March 8 claimed that Sequoia Capital’s partner Michael Goguen has sexually, physically, and emotionally abused a woman for 12 years. Mr Goguen has been dismissed from the firm regar
Australian Tech Firms Are Heading Toward Singapore Industry
Australian tech companies are heading to Singapore to support their businesses. Some tech companies are expecting Singapore to be one of the startups landing pads established by the Australian governm
General Motors Acquired Silicon Valley-based Cruise Automation, Aims to Integrate Autonomous Cars Software to Manufacturing
General Motors is moving forward to compete in the autonomous car markets. The giant automaker has acquired a driverless cars software maker, Cruise Automation, for reportedly more than $1 billion.
Barrick Gold is Facing a $9.3 Million Fine Over Cyanide Spill in Argentina Last Year
Due to a cyanide spill in a mine in Argentina, Canadian-owned Barrick Gold is facing a fine of $9.3 million imposed by the local government. Nine current and former employees are also being held as de
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