Industries

Johnson & Johnson Plans To Cut 3,000 Jobs Within Its Struggling Medical Workforce

Despite its decision to cut jobs from the medical workforce, the company will not include the divisions of Consumer Medical Devices businesses, Vision Care and Diabetes Care.

January 20, 2016 at 11:24 am

Sean Gogarty Steps Down As Unilever’s Spreads Division Chief Executive

The global company made the decision to appoint new chief executive in hopes to revive the struggling business and bring it back to its stable performance.

January 20, 2016 at 9:38 am

“Taste The Feeling”: Coca-Cola's Unveils New Ad Campaign, Hopes To Overcome From Sales Decrease

The company does not only want to increase its sales, but also aims to create awareness on the product's health concerns.

January 20, 2016 at 5:08 am

Kuwait's Petrochemicals Industries To Buy 25% Stake In Venture Owned By SK Gas And Saudi Advanced Petrochemical, Paid $100 Million For The Stake

Kuwait’s Petrochemicals Industries Co. will be acquiring a 25 percent equity stake on the venture owned by South Korea’s SK Gas Co Ltd. and Saudi Advanced Petrochemical Co., according to a report from Reuters. Petrochemicals Industries, which is a subsidiary of state oil giant Kuwait Petroleum Corp., paid $100 million to acquire the stake.

January 20, 2016 at 5:04 am

South Korea's "Anti-Nut Rage" Law Takes Effect, Part of Effort To Increase Safety And Prevent Dangerous Passenger Behaviors

The South Korean government has enacted a tougher law for air passengers who have unruly behavior, according to a report from CNN. The move is part of the government’s effort to increase aviation safety and prevent dangerous passenger behaviors, according to South Korea’s Ministry of Land, Infrastructure and Transport.

January 20, 2016 at 5:00 am

Apple, Samsung And Sony Accused of Child Labor, Cobalt Mines Used In Lithium-Ion Batteries Are Mined By Children

Amnesty International, a human rights group, is accusing Apple, Samsung and Sony of child labor, according to a news release published by the group. The human rights group said that the three companies have failed to check whether the cobalt that they used for their products are mined by children.

January 20, 2016 at 4:56 am

Waste Connections To Acquire Progressive Waste, Transaction Consistent With The Strategic Goals Of Both Companies

Waste Connections, Inc., an integrated solid waste services company, has announced in a press release that it will be acquiring Progressive Waste Solutions Ltd. in an all-stock transaction. The combination of the two companies is consistent with the strategic goals of both companies and will create an industry leader with enhanced scale and stronger financial profile.

January 20, 2016 at 3:54 am

Korea Tourism Down By 6.8 Percent, First Time Since 2003

Korea falls under Japan's tourism after seven years of race, where the former experience 6.8 percent decline from last year.

January 19, 2016 at 11:33 am

Audi Volkswagen Korea Head Johannes Thammer To Face Criminal Complaint Filed By South Korea

According to the South Korean Government, the automobile company had insufficient plans to recall its diesel-powered vehicles.

January 19, 2016 at 11:30 am

South Korea’s Construction Industry Gets Hit Hard By Current Trend Of Oil Price Decline

“The current trend is likely to keep affecting emerging economies while their demands are on the decline to leave a negative impact on Korean exporters," said LG Economic Research Institute.

January 19, 2016 at 11:27 am

Inspirion Wealth Advisors Raises Positions As It Buys More Shares In Abbott Laboratories

About $10,236,000 of shares was bought by Inspirion Wealth Advisors, increasing it by 26.6 percent.

January 19, 2016 at 3:59 am

Qualcomm Enters Joint Venture With China's Guizhou Province, Will Design, Develop and Sell Advance Server Chipset In China

Qualcomm Inc. has announced in a press release that it has signed a strategic cooperation agreement with the government of the Guizhou Province in China for a joint venture. The joint venture, which will be called the Guizhou Huaxintong Semi-Conductor Technology Co. Ltd., will focus on design, development and sale of advanced server chipset technology in China.

January 19, 2016 at 3:51 am

Airbus To Partner With Uber, Provide Helicopters On-Demand

Tom Enders, the CEO of Airbus Group SE, said that the company is going to partner with Uber Technologies Inc., according to a report from The Wall Street Journal. Airbus would be providing a helicopter to Uber for its on-demand services.

January 19, 2016 at 2:27 am

More People Use Mobile Gadgets For Internet, Study Confirms

As people opt to use their mobile phones to connect to the internet, several web browsers suffer with decreased market shares.

January 18, 2016 at 3:03 am

Hyatt Completes Its Investigation On Payment Card Hack, Malware Designed To Collect Payment Card Data

Hyatt Hotels Corporation has announced in a press release that they have completed the investigation of the previously announced incident of the payment card hack. The company said that the malware used for the hack was designed to collect payment card data.