NASCAR (National Association of Stock Car Auto Racing) is a popular auto racing organization in the United States. It was founded in 1948 and is headquartered in Daytona Beach, Florida. It is considered to be one of the top-ranked motorsports organizations in the world and is one of the largest spectator sports in America. According…
John Deere To Layoff 600
Deere & Company, also known as John Deere, is an American corporation founded in 1837 and headquartered in Moline, Illinois. It is a manufacturer of agricultural machinery, heavy equipment, construction equipment, as well as parts and services. According to reports, John Deere has announced plans to lay off 600 employees across 3 factories in the…
Bob’s Store Is Shutting Down
Bob’s Stores is a chain of retail stores in the northeastern United States, founded in 1954 and headquartered in Meriden, Connecticut. It offers a wide range of products such as clothing, footwear, and outdoor gear. According to reports, Bob’s Stores recently filed for Chapter 11 bankruptcy protection due to unpaid debts and, as a result,…
Microsoft: $14 Million Settlement
Microsoft has agreed to pay the sum of $14 million USD to settle a California agency’s claims that it illegally penalized workers who took Parental and Disability Leave. According to reports, employees who took leave from work due to pregnancy, disability, or to care for a sick family member received lower bonuses, were denied raises…
BYD Opens First EV Factory In Thailand
BYD, the Chinese automotive company that specializes in designing and manufacturing electric vehicles, has opened an electric vehicle factory in Thailand, its first in Southeast Asia. According to reports, the facility is worth $490 million USD and will be able to produce 150,000 vehicles annually. It will also assemble batteries and other important parts, and…
India: Koo Is Shutting Down
Koo is an Indian microblogging and social networking service, launched in 2020 with its headquarters in Bangalore. It allows users to share their thoughts and opinions in the form of ‘koos’. It boasts over 60 million users as of 2022 and has been used as an alternative to Twitter, which is now called X. According…
Stellantis: $55 Million Archer Investment
Stellantis has announced plans to invest an additional $55 million USD in Archer following a successful flight test milestone. This brings the total investment by Stellantis to $165 million USD as part of a strategic funding agreement between the two companies. Construction of Archer’s manufacturing facility will be completed by the end of the year…
Unacademy To Layoff 250
Unacademy is an Indian multinational educational technology company founded in 2015 and headquartered in Bangalore. It is an online educational platform that prepares students for various competitive exams like JEE, NEET, UPSC, Chartered Accountancy, GATE, UPSC NDA, etc. According to reports, Unacademy has announced plans to lay off 250 employees in its marketing and sales…
Chicken Soup for the Soul Files For Bankruptcy
Chicken Soup for the Soul Entertainment, Inc. is an American self-help, consumer goods, and media company founded in 1993 and headquartered in Cos Cob, Connecticut. It is known for the Chicken Soup for the Soul book series. The company has also expanded into other areas such as food, pet food, and television programming. According to…
BlackRock: 3.23 Billion Preqin Acquisition Deal
BlackRock Inc., the multinational investment company, has announced plans to acquire Preqin, a private markets data firm in the United Kingdom, for $3.2 billion USD in cash. This acquisition deal will make private markets investing easier and more accessible while building a better-connected platform for investors and fund managers. It is expected to close by…