Tag: COMPANIES

  • Nissan says Ghosn received $9m in improper payments

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    Nissan and Mitsubishi have said Carlos Ghosn received “improper payments” totalling €7.8m ($8.9m; £6.9m) from a joint venture between the carmakers. The claim follows a joint investigation by the companies into misconduct carried out by Mr Ghosn. Mr Ghosn, former chairman of both firms, has been detained since November on charges involving financial crimes. Both companies sacked […]

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  • Elon Musk Cuts Tesla Costs by Scrapping Customer Referral Program

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    Tesla CEO Elon Musk has announced the early conclusion of the Tesla referral program citing the bloated cost as an unsustainable expense that is “adding too much” to the price of the carmaker’s vehicles. Initially scheduled to end on March 11, the end date has now been brought forward to February 1 as the electric […]

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  • Grow Brand Value While Accelerating Revenue Growth

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    Three ways to expand the licensing value of your brand. Brands have become an essential component in how consumers purchase, perceive and learn about products and services. This means that increasing brand licensing value is critical to any brand’s successful progression. Fortunately, there are three proven ways that will set you on the path to […]

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  • Tesla’s Share Price Hikes as the Electric Vehicle Market and Automotive Stocks Rise

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    Tesla stock is seeing near 4% gains so far on the New York Stock Exchange (NYSE) as the US stock markets recover from two days in the red. Automotive companies are feeling the pinch of economic tightening and lowering demand for conventional, fuel-hungry, vehicles. The big car makers are ramping up their electric car developments, […]

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  • China to Enforce Regulation for Blockchain Companies in February

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    China’s internet regulator, the Cyberspace Administration of China(CAC) in a detailed document outlined a final draft of regulations concerning cryptocurrency and blockchain companies. The rules will come into effect starting February 19, and provide a set of guidelines that blockchain companies are required to follow. According to the CAC’s director: The Regulations on the Management of […]

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  • Ford to cut thousands of jobs in turnaround plan

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    Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven Armstrong said should the UK […]

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  • China car sales fall for the first time in 20 years

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    Car sales in China, the world’s biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA). The deceleration comes amid a slowdown in China’s economy which has hit performance at car manufacturers around the world. The […]

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  • US retail giant Sears may get reprieve from liquidation

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    Sears, the US department store chain that once dominated US shopping malls, may be getting a reprieve. The firm had been expected to ask a bankruptcy judge for permission to liquidate after failing to reach a deal with chairman Edward Lampert over a $4.4bn (£3.5bn) takeover. But after last minute negotiations, the firm said on […]

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  • US jobs growth jumps in December

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    The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead of predictions of 177,000, the Labor Department said. The unemployment rate nudged higher to 3.9%, but is still near historic lows. Average hourly pay increased at an annual rate of 3.2% – […]

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  • Apple shares sharply lower in US trading

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    Apple shares opened Thursday down more than 9% at $143 after chief executive Tim Cook blamed a slowdown in China sales for falling revenues. On Wednesday, the iPhone maker said it expected revenue of about $84bn for the last three months of 2018, down from a forecast of at least $89bn. The news depressed other […]

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