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Wal-Mart (NYSE:WMT) responds to retail reforms by the Indian central government with plans to open retail stores within about two years, considering approvals have also to be received from Indian states before implementation.
Don’t Miss: AOL Gets Some New C-Suite Execs.
A transmission gear issue results in General Motors (NYSE:GM) having to recall more than 462,000 vehicles under its Chevrolet, Pontiac, and Saturn models for the years 2007 – 2010.
Tesla Motors (NASDAQ:TSLA) is about to open 10 new stores across North America with a new retail concept that includes “enticing visuals, interactive displays and design studios where customers can design their own Tesla model S on a large touchscreen and then view it on an 85 inch video wall,” according to a report by Marketwire.
More jobs go in banking as Deutsche Bank (NYSE:DB) proposes to revamp its back office services and consolidate IT systems on one platform in Germany. Initially this will result in the loss of 543 jobs followed by many more later.
Universal Music’s $ 1.9 billion acquisition of the erstwhile EMI recorded music unit from Citigroup (NYSE:C) finally gets the blessings of the European Commission after Universal proposes to dispose off certain labels such as Chrysalis, Mute and Parlophone.
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