The failure of discussions between the labour union and the management of Toyota Kirloskar over wage concerns has led to the lockdown of two Toyota manufacturing plants in Bangalore.
Siemens AG has announced that the largest engineering company in Europe will cut 15,000 jobs under cost-cutting program. Siemens will cut 5000 jobs in Germany and over 10,000 all over the world.
Software major Microsoft has announced $40 billion stock buyback and increased the dividend by 22 percent. Stock market analysts have termed the move as correct action for the software major.
Jeff Bezos, the founder of online retailing giant Amazon.com has agreed to buy the Washington Post for $250 million.
According to reports in the Chinese press, it has been revealed that Facebook Inc.
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