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GM Lays Off 1,000 Software, Services Employees
General Motors announced Monday that it is laying off more than 1,000 salaried employees across its software and service units worldwide.

By The Financial District
Aug 20, 20241 min read


San Miguel Foods Boosts Cassava Yield
San Miguel Foods, a subsidiary of San Miguel Corporation (SMC), has achieved remarkable success through its long-running regenerative...

By The Financial District
Aug 20, 20242 min read


Unionized Cornell University Workers Go On Strike
More than 1,000 unionized campus workers at Cornell University—from maintenance and dining room employees to gardeners and custodians—went..

By The Financial District
Aug 20, 20242 min read


Two South Korean Chipmakers Merge In Bid To Rival Nvidia
South Korean artificial intelligence (AI) chipmakers Rebellions, Inc. and Sapeon Korea Inc. have signed a definitive merger agreement.

By The Financial District
Aug 20, 20241 min read


Boeing, Lockheed Martin In Talks To Sell ULA To Sierra Space
Boeing and Lockheed Martin are in talks to sell their rocket-launching joint venture, United Launch Alliance (ULA), to Sierra Space.

By The Financial District
Aug 20, 20241 min read


Lamborghini CEO Says New Hybrid Supercar Will Boost Sales
Lamborghini CEO Stephan Winkelmann will likely go down as one of the most influential leaders in the Italian luxury automaker’s history.

By The Financial District
Aug 20, 20241 min read


MERALCO Bolsters Quezon City's Power
In response to the burgeoning power needs of Quezon City, the Manila Electric Company (MERALCO) has undertaken a significant expansion of...

By The Financial District
Aug 20, 20243 min read


Judge Blocks Joint Streaming Bid By Fox, ESPN, And Warner Bros
The launch of Venu Sports will be delayed after a federal judge granted FuboTV’s motion for a preliminary injunction against the planned...

By The Financial District
Aug 20, 20241 min read


Autry Stephens, Richest U.S. Oilman, Dies At 86
Autry Stephens, a petroleum engineer raised on a Texas peanut and watermelon farm who became the richest U.S. oilman, has died at the age...

By The Financial District
Aug 19, 20241 min read


Unlimited Flight Deals May Not Be Such A Bargain
WizzAir recently became the first European airline to launch an annual “All you can fly” pass, starting at an introductory price of €499...

By The Financial District
Aug 19, 20241 min read


UK CEOs Got Record Pay in 2023, Research Shows
The bosses of Britain's biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million...

By The Financial District
Aug 19, 20241 min read


Kim Dotcom Loses Long Fight To Halt Deportation To U.S.
Kim Dotcom, the founder of the once-popular file-sharing website Megaupload, lost a 12-year legal battle this week to prevent his deport...

By The Financial District
Aug 19, 20241 min read


Balai ni Fruitas 127-Store Nationwide Network Earns PHP32 Million In 1H 2024
Balai ni Fruitas Inc. (BALAI), a prominent Philippine counter-service bakery operator, reported a net income of PHP32 million for the...

By The Financial District
Aug 19, 20242 min read


Ford Recalls 85,000 Explorer Police Vehicles Due To Engine Fire Risk
Ford is recalling approximately 85,000 Explorer Police Interceptor Utility vehicles because of the risk of engine failure that could...

By The Financial District
Aug 19, 20241 min read


Dubai-Based Port Operator DP World’s Half-Year Profits Fall 60%
Dubai-based port operator DP World has reported that its half-year profits fell by nearly 60%, partly due to ongoing attacks by Yemen’s...

By The Financial District
Aug 19, 20241 min read


ASML Rival Applied Materials Reports Record-High Quarterly Revenue
Applied Materials, a US-based chip equipment maker, reported strong fiscal third-quarter earnings, highlighting ongoing robust demand for...

By The Financial District
Aug 19, 20241 min read


Cisco Cuts 7% Of Workforce As It Shifts Focus To AI, Cybersecurity
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more...

By The Financial District
Aug 18, 20241 min read


MPower And Robinsons Land Corporation Unite For 2024 Brigada Eskwela
Meralco’s Local Retail Electricity Supplier (LRES) MPower and Robinsons Land Corporation (RLC) have joined forces to support Tanzang Luma...

By The Financial District
Aug 18, 20242 min read


Developers Of Minnesota Copper-Nickel Mine Aim For Cost Efficiency
Developers of a long-delayed copper-nickel mining project in northeastern Minnesota announced that they plan to conduct a series of...

By The Financial District
Aug 18, 20242 min read


BMW Recalls 1.3 Million Vehicles In China With Takata Airbag Inflators
BMW is recalling more than 1.3 million vehicles in China due to the potential presence of Takata airbag inflators, following a similar...

By The Financial District
Aug 18, 20241 min read


Toyota Bets Big On Hybrid-Only Models As EV Demand Falters
Toyota may be one of the slowest legacy automakers to develop electric vehicles (EVs), but it could be the first to phase out cars powered..

By The Financial District
Aug 16, 20241 min read


Buffett Confirms Sale Of 389 Million Apple Shares In Q2
Warren Buffett has offered more details about the stocks he has been selling lately, including confirming that he sold more than 389...

By The Financial District
Aug 16, 20241 min read


UK Energy Firm Admits Violating Toxic Pollutant Limits At Its Louisiana Plant
British energy giant Drax Global, already under scrutiny for running afoul of environmental laws in multiple states, has disclosed to the...

By The Financial District
Aug 16, 20241 min read


Home Depot Sales Up But Trims Profit Forecast
Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion...

By The Financial District
Aug 16, 20241 min read
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