Company News

Ford to Upgrade 500 Workers to a Higher Pay Bracket

Ford to Upgrade 500 Workers to a Higher Pay Bracket

As Ford Motor Co. surpassed the limit of the maximum workers it can hire at a low wage, the company will be moving a few hundred of its hourly workers in the U. S. to a higher pay slab.

NYSE has Started the Process of Delisting RadioShack Corp.

NYSE has Started the Process of Delisting RadioShack Corp.

The regulatory wing of the New York Stock Exchange is taking measures to delist shares of RadioShack Corp, the struggling consumer electronics company. It said that the stock exchange will suspend the trading of stock of RadioShack right away.

Mattel Missed Analyst’s Expectation, Fires CEO

Mattel Missed Analyst’s Expectation, Fires CEO

On Monday, Bryan Stockton, the CEO of Mattel was fired following a 59 percent fall in the company's profits. For the last three years Stockton was the chairman and the CEO of the company.

The resignation of Stockton came on Monday as the initial number of sales signalled at another unsatisfactory holiday season for Mattel.

Reports of Mass Layoffs Flatly Denied by IBM

Reports of Mass Layoffs Flatly Denied by IBM

On Monday, IBM called a report "ridiculous" and "baseless" which said that the technology company is planning to lay off one fourth its working force, or nearly100,000 people.

Ian Colley, an IBM spokesman said that the company "flatly denies" the Forbes report.

Wynn Everett Casino Design Have Alterations with More luxury rooms and Lesser Parking Space

Wynn Everett Casino Design Have Alterations with More luxury rooms and Lesser Pa

On Thursday, the regulators of the state gambling industry seemed to be supporting the new proposed design that will overhaul the look of the Wynn Resorts casino in Everett.

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