North American BMW is set to recall approximately 35,000 X5 utility vehicles with diesel engines in the United States and Canada due to a power steering issue. The problem affects the 2009…
Category: Business
11,000 Jobs To Be Cut From Citigroup’s Workforce
Citigroup, Inc. is cutting 11,000 jobs from its workforce (or about four percent) and taking a $1 billion fourth-quarter charge. According to Michael Corbat, Citi’s new chief executive, the top priority is…
Ford Recalls Nearly 90,000 2013 Escape and Fusion Vehicles
Ford Motor Co. is recalling 16,000 Fusions and 73,000 Escape SUVs with the 1.6-liter, four-cylinder engines due to the possibility of engine fires. No other vehicle models without this type of engine…
Local Economies See Boost With Another Successful Small Business Saturday
Local small businesses throughout the U.S. benefit from the third annual Small Business Saturday movement. In 2010, American Express began the movement with the emphasis of supporting businesses that are run locally….
Hostess Brands and Bakers Union Fail To Reach Agreement, Company Moves To Liquidate Assets
Hostess Brands, the manufacturer of Twinkies, Ding Dongs and Wonder Bread, announced, that even with a mediator’s help, it was unable to come up with a new labor agreement with its bakery…
Hostess May Liquidate Business Should Bakers’ Union Not Accept New Contract
Hostess Brands said if bakers don’t accept the new contract by end of the day Thursday, the company will have to go into liquidation. According to Greg Rayburn, Hostess CEO, the company…
Microsoft Faces Lawsuit For False Advertising With Its Surface Device
Microsoft is facing a false advertising lawsuit, which claims its Surface’s storage space has a 32GB storage space but is alleged to only have 16GB. According to the Associated Press, the lawsuit…
AT&T Will Pay $700,00 Fine and Issue Refunds
The Federal Communications Commission (FCC) has ordered AT&T, Inc. to pay a $700,000 fine and send its customers, who were overcharged on their smartphone plans, refunds. The FCC investigated the company after…
Microsoft To Drop Windows Instant Messenger In 2013
Say ta-ta to long iconic instant messaging chat tool Windows Live Messenger. Microsoft is set to retire it come 2013 and encourages its users to use the voice-over Internet Protocol Skype. According…
Zynga Announces Plans To Reduce Workforce and Cut 13 Games
Game developer Zynga recently announced its plans on cutting five percent of its workforce. Founder Mark Pincus sent an email to his staff saying the company was closing its Boston studio and…