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United Technologies and Raytheon poised for massive merger

Business / Corporate Jun 10, 2019

United Technologies and Raytheon poised for massive merger

Raytheon and United Technologies, two major American aeronautics and defense groups, are poised to announce as early this week plans for a massive merger, according to U.S. media. The Wall Street Journal revealed on Saturday, citing an anonymous source, that talks have been underway between ...

Toyota and Subaru agree to jointly develop electric SUVs

Business / Corporate Jun 6, 2019

Toyota and Subaru agree to jointly develop electric SUVs

Toyota Motor Corp. and Subaru Corp. said Thursday they have agreed to jointly develop an electric sports utility vehicle to be sold under each company's brand. The two automakers said they will co-develop a platform dedicated to battery electric vehicles for midsize and large passenger ...

Bernie Sanders accuses Walmart of paying 'starvation wages'

Business / Corporate Jun 6, 2019

Bernie Sanders accuses Walmart of paying 'starvation wages'

Democratic U.S. presidential hopeful Bernie Sanders on Wednesday told Walmart Inc. shareholders and top executives that the world's largest retailer should boost the "starvation"-level wages it pays its workers and stop fueling income inequality. Speaking at Walmart's shareholder meeting, the U.S. senator said: "Despite the ...