Mastercard Inc. is a payment facilitating company founded in 1966 and headquartered in New York, USA. It offers transaction processing and booking-related payment services. The company’s primary offering is to process payments between banks and card issuers that use Mastercard debit, credit, and prepaid cards. According to reports, Mastercard has announced plans to lay off…
Ford To Recall 85,000 Vehicles
Ford has issued a recall of about 85,000 vehicles due to the risk of an engine fire. According to reports, in the event of an engine failure, engine oil and fuel may be released into the engine compartment and accumulate near ignition sources such as hot engine or exhaust components, possibly resulting in an engine…
BMW To Recall 1.36 Million Vehicles In China
BMW has issued a recall of 1.36 million vehicles in China due to airbag safety concerns. According to reports, the recall is related to potential risks with the Takata airbag inflators, which affect both locally manufactured and imported BMW vehicles. Affected vehicles include 598,496 units produced in China and 759,448 imported vehicles produced between 2003…
LL Flooring Files For Bankruptcy
LL Flooring, formerly known as Lumber Liquidators Flooring, is an American retailer of hard-surface flooring founded in 1994 and headquartered in Richmond, Virginia. It specializes in hardwood flooring, laminate flooring, vinyl plank flooring, tile flooring, bamboo flooring, and cork flooring, as well as flooring tools and accessories. According to reports, LL Flooring recently filed for…
Roper Technologies: $1.5 Billion Transact Campus Deal
Roper Technologies, Inc., formerly known as Roper Industries, is an American diversified industrial company that provides software, services, and engineered products for various industries. It was founded in 1981 and is headquartered in Sarasota, Florida. According to reports, Roper Technologies has agreed to acquire Transact Campus for the sum of $1.5 billion USD to strengthen…
Cisco To Layoff 7%
Cisco, the multinational technology company that designs, manufactures, and sells networking hardware, software, and services, has announced plans to lay off 7% of its global workforce as part of a cost-cutting initiative. According to reports, the layoffs are expected to cost the company about $700 million to $800 million USD in the first quarter of…
T-Mobile: $60 Million Fine
T-Mobile, an American wireless network operator that provides wireless voice and data services, has been fined the sum of $60 million USD for failing to prevent and report unauthorized access to sensitive data. According to reports, the Committee on Foreign Investment in the U.S. imposed the fine on T-Mobile because it violated a national security…
Grail Inc. To layoff 350
Grail Inc. is an American biotechnology company founded in 2015 and headquartered in Menlo Park, California. It was previously a subsidiary of Illumina, it developed an early cancer screening test called the Galleri test for people who do not have symptoms. According to reports, Grail has announced plans to lay off 350 employees, which amounts…
Saudi Arabia: $972 Million Solar Power Plant
Saudi Arabia has partnered with China Energy Engineering to build a solar power plant in the country valued at $972 million USD. According to reports, the 2-gigawatt (GW) photovoltaic plant will be built by a joint venture between China Energy Engineering and Saudi partners, sovereign fund PIF, ACWA Power, and Saudi Aramco Power Company. The…
General Motors To Recall 21,469 Vehicles
General Motors has issued a recall of 21,469 electric SUVs in the United States due to concerns of an unexpected activation of the anti-lock brake system. According to the notice from the National Highway Traffic Safety Administration (NHTSA), anti-lock brake systems help prevent wheels from locking when applied, helping reduce the risk of accidents. Affected…