Michael Smith
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General Motors To Spend $245 Million For An 'All-New Vehicle Program'
General Motors officials announced on Monday that they plan to spend $245 million for an "all-new vehicle program," which is expected to add 300 jobs at its Orion Assembly plant in Michigan.
General Mills Removes Artificial Flavors And Colors Citing Changing Consumer Demands
General Mills officials announced on Monday that it will remove artificial colors and flavors from all of its flagship cereal brands by the end of 2017.
Rep. Bill Shuster Wants To Privatize The U.S. Air Traffic Control System And Curb The FAA's Power
Rep. Bill Shuster of Pennsylvania announced on Monday that he is introducing a bill that would privatize the air traffic control systems in the United States and curb the power of the Federal Aviation Administration (FAA).
Berkshire Hathaway Takes 20 Percent Quota Of IAG's Consolidated Insurance Business
Berkshire Hathaway has purchased a 3.7 percent stake in the Insurance Australia Group (IAG), taking a 20 percent quota from the company's insurance business.
Honda Pulls Plug On Hybrid And Compressed Natural Gas Versions Of Honda Civic
Honda officials announced on Monday that they are pulling the plug on hybrid and compressed natural gas versions of its flagship Honda Civic car. The company also revealed the temporary suspension of plug-in versions of the Honda Accord.
Gap Closes 175 Stores To Focus On High-Performing Locations
Gap officials announced on Monday that it will be closing 175 stores around the world to focus on its high-performing locations.
McDonald's Launches Rebranding Efforts With Appointment Of Former Barcardi Limited And White House Communication Officials
McDonald's officials have appointed Silvia Lagnado, a past chief marketing officer for Bacardi Limited, and Robert Gibbs, former press secretary for President Barack Obama, as leaders for the company's rebranding efforts.
Twitter Shares Rise As CEO Dick Costolo Steps Down
Shares of Twitter rose on Thursday following news that the company's Chief Executive Officer Dick Costolo is stepping down from his position.
Campbell Soup Co. Acquires Garden Fresh Gourmet For $231 Million In Move To Diversify Products
Campbell Soup Co. announced on Tuesday that it will acquire Garden Fresh Gourmet for $231 million as part of its strategy for diversifying products.
Intel's New Venture Capital Fund To Invest $125 Million In Tech Development
Intel has established a new venture capital fund that will invest $125 million in technology and will include underrepresented minorities in its leadership.
Part-Time Chipotle Employees To Receive Added Benefits Including Tuition Reimbursement
Part-time workers at Chipotle will receive added benefits that include tuition reimbursement for students.
Sears Officials Plan To Sell About 235 Properties And Form New Leasing Contracts
Sears officials have announced plans to sell about 235 properties and form new leasing contracts in an effort to raise more than $2.5 billion.
Fiat Chrysler Automobiles Reveals It Was Late In Reporting Five Recalls
Fiat Chrysler Automobiles revealed in a government filing on Thursday that it was late in reporting five safety recalls, ranging from a day to 12 days, USA Today reports.
PepsiCo Launches Stubborn Soda In Response To Demand For Natural Products
PepsiCo has announced that it is launching Stubborn Soda, a naturally-flavored soft drink, in response to rising demands in the consumer market for healthier products.
GameStop Purchases Online Vendor Geeknet In $140 Million Deal
United States-based video game retailer GameStop is set to purchase Geeknet, an online vendor, in a deal appraised at $140 million, Bloomberg reports.