Flagstar Bank is an American commercial bank founded in 1993 and headquartered in Troy, Michigan. It is a subsidiary of New York Community Bank (NYCB) and one of the largest residential mortgage servicers in the United States. According to reports, Flagstar has announced plans to lay off 1,900 employees as part of a restructuring plan…
Ferrari Unveils F80 The $3.9 Million SuperCar
Ferrari, the luxury sports car manufacturer, has unveiled the F80, a $3.9 million USD supercar with cutting-edge technology and performance features. It is the company’s most expensive road car. According to reports, the F80 features a six-cylinder, three-liter twin-turbo full-hybrid engine, totaling 1,200 horsepower, with a top speed of 217 MPH and going from 0-60…
PPG Industries To Layoff 1,800
PPG Industries, Inc. is an American multinational company founded in 1883 as Pittsburgh Paints & Glass and is headquartered in Pittsburgh, Pennsylvania. It specializes in paints, coatings, and specialty materials. According to reports, PPG has announced plans to lay off 1,800 employees in the United States and Europe as part of a cost-cutting initiative after…
McKinsey To Layoff 500 In China
McKinsey, also known as McKinsey & Company, is an American multinational strategy and management consulting firm founded in 1926 and headquartered in New York City. It offers professional services to corporations, governments, and other organizations. According to reports, the company has announced plans to lay off 500 employees in China as part of a restructuring…
Schneider Electric: $850 Million Motivair Acquisition Deal
Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management. It was founded in 1836 and is headquartered in Rueil-Malmaison, France. According to reports, Schneider Electric has announced plans to acquire Motivair Corp for $850 million USD giving it a 75% controlling stake in the company. It plans to…
Airbus To Layoff 2,500
Airbus is a European aerospace corporation founded in 1970 and headquartered in Blagnac, France. It designs, manufactures, and delivers commercial aircraft, helicopters, defense and space systems, and related services. According to reports, Airbus has announced plans to lay off around 2,500 employees, which amounts to 7% of its workforce, particularly in its defense and space…
Stellantis To Recall 20,755 vehicles
Stellantis has issued a recall of 20,755 vehicles in the United States due to a concern with the brake pedal that could disengage while being applied. There have been reports of 15 cases globally; affected vehicles include 2024-2025 Alfa Romeo Tonale plug-in hybrid SUVs and 2024 Dodge Hornet PHEV SUVs. Owners could also use the…
Nissan To Launch Nissan Energy Charge Network
Nissan has announced plans to launch the Nissan Energy Charge Network, an electric vehicle charging network with 90,000 fast chargers across the United States from partners like Electrify America, Shell Recharge, ChargePoint, and EVgo. According to reports, this network will allow Ariya owners to charge their vehicles at participating third-party charging stations using the MyNissan…
Amplitude To Acquire Command AI
Amplitude Inc. is an American technology company founded in 2014 and headquartered in San Francisco, California. It specializes in product analytics and digital optimization software. According to reports, Amplitude has announced plans to acquire Command AI for an undisclosed amount to offer customers personalized user assistance features like in-product nudges, onboarding experiences, and surveys. The…
True Value Files For Bankruptcy
True Value Company is an American hardware store founded in 1948 and headquartered in Chicago, Illinois. It sells home improvement goods and hardware supplies and has over 4,000 independently owned stores across the U.S. and globally. According to reports, True Value has filed for Chapter 11 bankruptcy protection due to challenges caused by inflation and…