Business News

German Grocer Aldi Announces U.S. Expansion Plans

German Grocer Aldi Announces U.S. Expansion Plans

German grocery chain Aldi stated that it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022 in an announcement made on Sunday. The company is […]

Tech Companies Push to Solar and Wind, Hurting Coal

Tech Companies Push to Solar and Wind, Hurting Coal

Each time you purchase something through Amazon, or open a photo on cloud, stream a movie or work on a Google doc, you are likely pulling electricity that has been […]

Harley-Davidson Investors See Possible Recovery Signs

Harley-Davidson Investors See Possible Recovery Signs

Harley-Davidson Inc. reaffirmed its shipments forecast for the full year and said it is expecting dealers to sell more of its motorcycles in markets overseas, offering hope to the struggling […]

IBM Explores Additional Business Options In China (NYSE:IBM)

IBM Explores Additional Business Options In China (NYSE:IBM)

IBM has announced its intentions to explore business opportunities in China outside of its core technologies. IBM is planning to provide systems to the country that will improve China’s data […]

New York Times Reducing Employee Total

New York Times Reducing Employee Total

The New York Times Company (NYSE:NYT) is taking steps to reduce its employee headcount at the Times by offering buyouts to its newsroom employees. The buyouts are aimed primarily at […]

General Motors Accused Of Using Emissions Defeat Devices

General Motors Accused Of Using Emissions Defeat Devices

General Motors Co. (NYSE:GM) has been accused of cheating on emissions-testing with its diesel-powered Chevy Silverado, GMC Sierra, and Cruze Diesel models. The class action lawsuit claims that the company […]

Margaret Georgiadis Steps Down from Mattel CEO Post

Margaret Georgiadis Steps Down from Mattel CEO Post

Mattel Inc. said Thursday that Ynon Kreiz a member of the board and an executive in digital media would replace CEO Margaret Georgiadis, who is resigning after just 14 months […]

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

On Friday, Xiaomi the China-based smartphone maker announced that it had shipped more than 70 million smartphones during 2018. Although a very high number, it was short of the company’s […]