According to multiple reports, liquidating was narrowly avoided by Sears Holdings (SHLDQ) after to buy and save the company was made by Eddie Lampert, company chair, with a last-minute $4.4 billion. SHLDQ was once known for the iconic catalog and department stores that it owned. According to a report by CNBC, based on sources familiar…
Music company HMV was sent into administration for the second time in within six years which has put at risk about 2200 jobs. At high court hearing late on Friday evening, insolvency experts from the accountancy firm KPMG as joint administrators were appointed by the company that is a music and film retailer and one…
The Chinese bike-sharing firm Ofo is now having a tough time just to afloat even though not so long ago it was flush with cash and was being termed to be a game-changing tech startup. The dockless bike-sharing concept which had gained tremendous popularity in recent years in China was created by Ofo with the…
Scientists are getting great insights into the forces which help in the development of and the evolution of new species through a research which involved the interbreeding between two species of howler monkeys which was conducted by scientists from University of Michigan (UM) in Mexico. The elements of the study included the scientists making use…
After betting big in the Indian retailing market and spending billions to create a base in the Indian market, retailing giants like Amazon and Walmart are set to face new challenges in the fastest growing emerging market in the world. This is because the two companies are now hit with new rules in India which…
Even though in the past one year, cists of stay has been increased by over 40 per cent of all NHS trusts in the UK, recent documents suggests that hospitals in England are making generating millions of pounds in car parking charges. The price of car parking for patients and visitors have been doubled by…
2018 was perhaps the first year that the SUVs became more popular among customers compared to all other niche in the global automotive industry. Most of the major auto companies have come up with their own version of SUVs that can cater to any type of cars that customers could want – big, small, high…
The level to which Amazon has been able to own unrivalled position of power within the United States federal government has been underscored by the degree of lobbying by its officials, according to a report published in The Guardian. The report claims that the Trump administration was advised by a top Amazon executive in private…
A new move by the Japanese prosecutors against the former Nissan chief Carlos Ghosn has virtually eliminated the chances of being released from jail before Christmas. On Thursday, a plea for the extension Ghosn’s detention by the Japanese prosecutors was turned down by a Tokyo court which was a small legal victory for Ghosn who…
A massive recall of 874,082 vehicles in North America was announced by Ford Motor Co. on Friday for its F-150 and Super Duty trucks on issues of fire concerns and the company would replace an engine block heater cable on the vehicles. This part of the engine is used by drivers in cold winter days…
