Markets

Uber Technologies Inc (NYSE:UBER) Litigates Skokie Over Rideshare Charges

Uber Technologies Inc (NYSE:UBER) has filed a petition against Skokie village over the new rideshare charges that was passed recently. The company filed the court suit in the Cook County Circuit Court, asserting that the new rideshare charges is against Illinois constitution. The tax was put to effect immediately after it was passed by legislators. […]

Fiat Chrysler Automobiles (FCAU:NYSE) And PSA Forms A Merger

Fiat Chrysler Automobiles (FCAU:NYSE) announced recently that it is entering into a 50-50 merger with PSA o enhance competitive advantage. If plans are implemented, the merger will build the fourth largest automobile company in the world. However, the move has raised concerns with Vauxhall, the owner of PSA, which could be forced to restructure and […]

General Motors Company (NYSE:GM) Recalls Over 600.000 Pickup Trucks And SUVs For Brake Malfunctions

General Motors Company recently issued a recollection for over 600,000 pickup trucks and SUVS due to brakes malfunctions. The company has recalled the Chevrolet Suburban, Chevrolet Tahoe and GMC Yukon SUVs of 2015-2020. Also, the company recalled GMC Sierra pickups and Chevrolet Silverado trucks of 2014-2018 for the same safety problems. It is alleged that […]

Ford Motor Company (NYSE:F) Averts A Strike By Reaching A Deal With UAW: Ford To Invest $6 Billion And Generate 8,500 Jobs In The US

Ford Motor Company (NYSE:F) averted a strike by reaching an agreement with UAW on the new labor contract valid for four years. As part of the deal, Ford will invest $6 billion and retain or generate 8,500 jobs in the US. The deal is to be endorsed by the local union leaders. Gary Jones, president […]

Apple Inc. (NASDAQ:AAPL) Adopts Trade-in Programs, Installment Plans, And Giveaways To Boost Sales of iPhones In A Sluggish Market

The sales of iPhones are not surging like in the golden era of Apple Inc. (NASDAQ:AAPL). Executives of Apple have put aside praising of the features such as breakthrough technology, sleek design, to boost the sales. Instead, they are focusing on installment plans, giveaways, and trade-in programs to convince the users to buy and improve […]

Johnson & Johnson (NYSE:JNJ) Confirms Recalled Baby Powder Samples Are Free From Asbestos

Johnson & Johnson (NYSE:JNJ) refuted the claims of the US FDA and said 15 new tests confirm the recalled baby power is free from asbestos. The company hired third-party laboratories to conduct tests on the recalled baby powder lots. Johnson & Johnson stock trades at $132.84, an increase of 2.87%. The stock lost over 8% […]

Delta Air Lines, Inc. (NYSE:DAL) Inaugurates First Phase Of The Expansion At LaGuardia Airport In New York

Delta Air Lines, Inc. (NYSE:DAL) inaugurated the first phase of expansion at LaGuardia Airport in New York on October 29, 2019. The airline is expanding the facility to cater to the growing operations with an investment of $3.3 billion. Delta, the largest carrier at LaGuardia Delta, which started flying from LaGuardia five decades ago, is […]

Uber Technologies Inc (NYSE:UBER), And Lyft Inc (NASDAQ:LYFT) Opts Ballot Measure With $90 Million Gig Workers Bill To Exempt From Gig Workers Bill

Protect App Based Drivers and Services is formed by a group of couriers and drivers for DoorDash, Uber Technologies Inc (NYSE:UBER), and Lyft Inc (NASDAQ:LYFT) to get an exemption from California Gig Workers Bill. The companies would support the group to implement Ballot Measure with a funding of $90 million and hopes to pass the […]

International Auto Makers Coalition Support Trump Administration Fight Against The Right Of California Set Fuel Standards

Prominent automakers such as Fiat Chrysler Automobiles NV (NYSE:FCAU), Toyota Motor Corp (NYSE:TM), General Motors Company, and Hyundai Mtr Co are supporting Trump Administration in its fight against the right of California to set the fuel standards. The move creates a split in the automakers. Ford and Honda supports California Industry giants Volkswagen, Honda, and […]

Analysts Point Finger At Trump’s Role, But Expertise In Legacy IT Environment Helped Microsoft Corporation (NASDAQ:MSFT) Win $10 Billion JEDI Contract

Microsoft Corporation (NASDAQ:MSFT) has experience in executing several defense projects. The company can modernize the IT infrastructure using its Azure Cloud Platform. The Department of Defense favored Microsoft for the $10 billion JEDI deal over Amazon AWS because of the capability of Microsoft rationalize and manage legacy footprint. Microsoft has put in significant efforts to […]

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