Boeing announced it will cut 200 jobs at its South Carolina plant where President Donald Trump gave a jobs speech in February and promised he would create jobs.
Boeing said the lay-offs are part of a plan announced in December 2016 to better compete with its French rival, Airbus. By the time of that announcement, the company had already cut about 5,000 jobs throughout the year.
"We are all...
Barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis.
The Serious Fraud Office case relates to the way the bank raised billion of pounds from Qatari investors enabling it to avoid a government bailout.
Former chief executive John Varley is one of the four ex-staff who will appear at Westminster Magistrates' Court on 3...
Uber has fired more than 20 people, and is taking other actions against staff, after a harassment investigation.
The taxi-app firm said the sackings related to sexual harassment, bullying and issues about poor company culture.
Uber has been under fire over its treatment of women staff since a former employee wrote a scathing blog post about her experience.
It led to two investigations and...
Technology companies have defended their handling of extremist content following the London terror attack.
Prime Minister Theresa May called for areas of the internet to be closed because tech giants had provided a "safe space" for terrorist ideology.
But Google said it had already spent hundreds of millions of pounds on tackling the problem.
Facebook and Twitter said they were working...
Ford chief executive Mark Fields is set to depart following a major reshuffle at the car maker, according to reports.
His expected departure, first reported by the New York Times, comes as Ford faces weak sales, falling profits and a near-40% decline in its share price since Mr Fields took up his role in 2014.
He may be replaced by James Hackett of Ford's autonomous driving unit.
Apple CEO Tim Cook said the tech giant is investing $1 billion in an "advanced manufacturing fund" to help create jobs in the United States.
Cook told CNBC that his company supports domestic job creation and it is willing to back up that support by investing money. He said Apple has already talked to a company in which it wishes to invest.
"How can we get more people to do advanced...
The US economy slowed dramatically in the first three months of the year, according to official data.
GDP expanded at an annual rate of 0.7% in the first quarter, which was a sharp slowdown from the 2.1% growth rate in the final three months of 2016.
It was also the lowest rate of growth since the first quarter of 2014, when the economy contracted by 1.2%.
The Bureau of Economic Analysis...
Google and Facebook have confirmed that they fell victim to an alleged $100m scam.
In March, it was reported that a Lithuanian man had been charged over an email phishing attack against "two US-based internet companies" who were not named at the time.
They had allegedly been tricked into wiring more than $100m to the alleged scammer's bank accounts.
On 27 April, Fortune reported that the...
Telecom giant Verizon invested in the autonomous vehicle startup Renovo Auto, a company founded in 2010 and best known for converting a vintage DeLorean into a self-driving car.
The investment, $10 million in all, is one of several Verizon has made into "telematics" – the quickly growing field seeking to bridge the gap between automated communications software and traditional...
Taco Bell soon will be serving cerveza in Canada, expanding its menu in a push to quadruple its number of stores over the next 10 years.
Taco Bell Canada announced Tuesday some of its restaurants will serve alcohol starting in June. Consumers 19 and older will be able to purchase a selection of beer with "the potential for more beverages to be added later."
Taco Bell Canada plans to model...