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Sears retention bonuses to be paid, thousands laid off

While thousands of former employees of Sears have not received severance pay , the company expects to pay high premiums to its senior executives. According to court documents, Sears plans to pay up to $ 7.6 million to 43 senior…
Amazon To Buy Whole foods

Retail giant Amazon will further expand its economic empire with the buy-out of US $ 13.7 billion of US bio-supermarkets Whole Foods, which faces consumer disaffection. This surprise transaction symbolizes Amazon’s desire to redesign the landscape of the American food…
GE selling bulb business following dwindling sales

General Electric is working to sell GE Lighting. Today, GE formally began “discussions with buyers around a proposed sale” of the East Cleveland-based lighting business unit, according to an internal email from GE Lighting CEO Bill Lacey. The entire email…
US complaint against Fiat Chrysler for misleading software

NYSE: FCAU – US authorities have launched charges against Fiat Chrysler on charges of unauthorized installation of software that distorts the actual level of pollutant emissions from diesel vehicles during checks and reminds the German Volkswagen scandal. This software allowed…