Fiat Chrysler Automobiles (FCA) has prepared a blueprint on business growth for its Fiat dealers. The new plan enables Fiat dealers to trim operational costs and restore trust in the brand. FCA has also advised dealers to close down unviable stand-alone dealership outlets.
Industry
Economy slowdown not to deter China's efforts on anti-pollution
China has decided to implement its stringent anti-pollution efforts despite slowing down of economy. China is propelling up economy growth without compromising on environment protection.
Cloud-based startup Optimizely to lay off 10% staff
Optimizely, a San Francisco-based cloud-based startup, is slashing its workforce by 10 percent across all the departments. Based on recent round of finance, Otpimizely was valued at $585 million. Since its inception in 2009, Optimizely has raised over $146 million investments including $58 million round in 2015.
Ford Revealed Its Advanced Police Cars Doors, The First to Halt Powerful Rifles Attack
Ford introduced a new technology that makes its police cars doors able to hold powerful rifles strikes. It was the first police cars doors to be passed by the Justice Department to provide level IV protection.
Whistle Sports Scored 20 Million Series C Funding
Tegna Inc., NBC Sports Ventures, Sky and Emil Capital raised $20 million for Whistle Sports. The amount added a total $73 million equity funding for the digital sports entertainment startup.
Latest News
Jessica Alba’s Honest Company is facing allegations of using harsh chemicals it claimed to never use. Two test labs initiated by the Wall Street Journal showed a significant amount of the chemical SLS, but the company strongly denied using the chemical in manufacturing.
Amazon said on Wednesday to start its own air delivery in United States. The largest electronic retailer leased 20 Boeing 767 cargo aircraft from Air Transport Services Group Inc.
Facebook has just acquired a popular face-swapping app MSQRD by the company Masquerade. The acquisition comes after Facebook’s attempt to take over Snapchat, the instant messaging app with the similar feat. The details on the acquisition were not disclosed.
MMB patented gene modified seeds are capable of secreting anti pest protein. However, the seed giant is accused of charging higher royalty fees exerting undue dominance in the seed market. Upon complaints from respective trade body, the Indian agriculture ministry has imposed ceiling for royalties on gene modified cotton seeds.
Venture capitalization has appeared as an investment industry rival for banks and insurances. The new trend of raising capital has become much more popular for fintech startups during 2015 while raising $13.8 billion in funding. The raised fund appears just double compared to that in previous year and expected to grow significantly also in 2016.
Kossan Rubber Industries is preparing for a share buyback program following a bounce in the Malaysian ringgit that sent the shares of the company to its lower level from a record high in December.
A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.
Diagio Plc, British liquor major, says it paid $40 million to trouble-ridden Indian businessman Vijay Mallya. This comes close on the heels of an order by Debt Recovery Tribunal (DRT) not to pay Mallya any amount.
McDonald's has launched its all-day breakfast menu and called it "All Day Breakfast: Bigger Menu" where customers can order any or all of the following: hash browns, biscuits, McGriddles and McMuffins. The offer has been tested in Tulsa, OK and North Carolina Triad area boosting the restaurant's stocks 0.70% to $119.25.
