industry

Amazon to Open Mega Warehouse in Mexico

Amazon to Open Mega Warehouse in Mexico

Amazon.com, Inc. (NASDAQ: AMZN) is preparing to open a mega warehouse near Mexico City that will be 1 million square feet to help boost Mexico’s e commerce industry. The warehouse is to be built in the Tepotzotlan municipality about 25 miles n..

Target Plans to Lower Prices

Target Plans to Lower Prices

Target Corporation (NYSE: TGT) has announced Friday that it will cut prices of thousands of products in its stores. Shares of Target fell more than 2.5% after the announcement. The initiative is a competitive plan to help Target increase sales again..

Eli Lilly to Cut 3,500 Jobs

Eli Lilly to Cut 3,500 Jobs

Drug making company Eli Lilly & Co. (NYSE:LLY)is planning on cutting 8.5% of their workforce and wants to close some facilities as the company is struggling with cost on some of their biggest products.The company has about 41,000 employees ..

eGain breaks even on Q4 earnings; shares jump over 30%

eGain breaks even on Q4 earnings; shares jump over 30%

eGain Corp (NASDAQ: EGAN) reported its fourth quarter earnings for the 2017 fiscal year and beat expectations.eGain posted total revenue was $14.6 million, up 6 percent from the third quarter, and beating analysts estimates by $1.25 million. EP..

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..

Tech Investing Polluted by Tourist Capital

Tech Investing Polluted by Tourist Capital

For experienced private equity firms and venture capitalists, the tech boom brings with it the scourge of easy money. These 'dumb' investors make valuations go haywire. Company founders also become much too powerful than they actually should..

Porche's Employees Under Investigation by German Prosecutors

Porche's Employees Under Investigation by German Prosecutors

On Monday, The Stuttgart prosecutor’s office said that employees at German sports car maker Porsche AG and a U.S-based subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions.According to an art..