Chairman May Be Able to Keep 400 Sears Stores Open After Bankruptcy Auction
Business

Chairman May Be Able to Keep 400 Sears Stores Open After Bankruptcy Auction

The company’s chairman and largest shareholder Eddie Lampert was able to win a bankruptcy lawsuit which helped avert the possibility of liquidation
Toyota Recalls 1.7 Million Vehicles in North America Because of Airbag Issues
Business

Toyota Recalls 1.7 Million Vehicles in North America Because of Airbag Issues

The issue is due to deterioration of ammonium nitrate in Takata airbag inflators, and the recall will affect a number of models including 4Runner, Corolla, Matrix and Lexus.
Mitsubishi Motors Removes Carlos Ghosn as Chairman
Business

Mitsubishi Motors Removes Carlos Ghosn as Chairman

Mitsubishi Motors follows Nissan’s decision to remove Carlos Ghosn as chairman after charges of alleged impropriety and abuse of power.
Nissan Chairman Carlos Ghosn Arrested for Financial Violations
Money

Nissan Chairman Carlos Ghosn Arrested for Financial Violations

Nissan chairman and chief executive of the Renault-Nissan-Mitsubishi alliance, Carlos Ghosn was arrested on allegations of financial trading misconduct.
American Retail Icon Sears Files for Bankruptcy
Business

American Retail Icon Sears Files for Bankruptcy

Sears, one of America’s most renowned retailers, has filed for Chapter 11 bankruptcy. It seems the staggering losses suffered in recent years and the crashing debt have finally taken their toll.
Cambridge Analytica Shutting Down After Facebook Data Scandal
Technology

Cambridge Analytica Shutting Down After Facebook Data Scandal

Cambridge Analytica and its parent company SCL have announced that they are shutting down operations. The company blames a “siege of media coverage” for the closure saying that it has driven its customers away.

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