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Jaguar Land Rover Cuts Sales Projections, Prices in China as Slump Continues
Jaguar Land Rover, the U.K. luxury-car unit of Tata Motors Ltd., has cut its sales projections in China, the largest automobile market in the world, despite bringing down prices to entice customers.
China-backed Tsinghua Plans Largest Acquisition of American Firm for $23 Billion
The Tsinghua Unigroup Ltd., a technology conglomerate backed by the China's government, is looking to acquire American chip maker Micron Technology Inc. for $23 billion, a deal that if successful would be biggest acquisition by Chinese company of an American firm.
Walmart Fires Back With Own Sales Promotion Against Amazon's Prime Day
Wal-Mart Stores and Amazon Inc. are duking it out in a massive online discount contest that will leave customers as the real winners.
Nintendo CEO Dies Amid Company Move Toward Mobile Gaming
Nintendo Co. CEO Satoru Iwata died of bile duct cancer on Saturday, as the company tries to transition from its declining console gaming business into mobile.
U.S. Companies Band Together For Employment Initiative for Low Income Youths
More than a dozen American companies announced on Monday a pledge to hire a combined 100,000 young people in the United States until 2018 to help them build a successful career.
PepsiCo Outperforms Market Expectations on Beverage Sales Growth in Americas
PepsiCo Inc raised its full year earnings forecast on Thursday as it outperformed market expectations due to price increases and effective cost management.
P&G Sells Beauty Brands to Coty, Expects Up to $7 Billion in Profits
The consumer products giant Procter & Gamble will sell its lineup of 43 beauty brands and have it merge with beauty products maker Coty Inc for $12.5 billion.
Hyundai Recalls Sonatas on Seatbelt Concerns
South Korean car maker Hyundai Motor Co. has issued a recall for 140,000 of its Sonata mid-sized sedans in the United States and Canada to check possible defects in the front passenger seat belts
US Treasury Calls for Compromise Over Greek Debts on Geopolitical Concerns
The White House is pushing for a compromise between Greece and its creditors in Europe on concerns that the country's exit from the European Union will cause more than just economic problems in the region.
Microsoft to Layoff 7,800 as it Scales Down Nokia Business
Microsoft Corp. said on Wednesday will scale down its struggling Nokia mobile phone business, eliminating 7,800 employees in the process, and write down $7.6 billion of the value related to this unit.
White House Unveils Solar Energy Push for Low and Mid Income Households
The White House plans to make solar energy more accessible to low-income Americans, lowering the electricity bills of citizens and also increasing the country's reliance on renewable energy sources.
Disney Looks for Tax Break Extension as it Readies Anaheim Expansion
Walt Disney Co. is looking for a 30-year extension to its tax exemption in Anaheim, California as the company plans to a billion dollar expansion in the city, but the mayor who previously supported the tax break is now looking to get more to fund government programs.
Samsung Profit Guidance Below Expectations as S6 Shortage Hurt Performance
South Korean tech giant Samsung Electronics Co Ltd onTuesday lowered its earnings guidance for the year as second quarter results fell below expectations due to shortage of its latest smartphone and falling sales in other market.
HSBC Sacks Employees in Mock ISIS Beheading Video
British lender HSBC fired employees in England for posting a video online of a mock beheading of a colleague fashioned after that of the Islamic State .
TerraForm's Wind Power Portfolio to Grow with Invenergy Acquisition
TerraForm Power Inc. and parent SunEdison Inc. are set to buy several windfarms in the United States and Canada from Invenergy Wind LLC for $2 billion.