With the Tokyo District Court setting the bail amount to $635,612, Greg Kelly is likely to spend Christmas night at home. On Tuesday, a Tokyo District Court granted Greg Kelly, the former Representative Director at Nissan Motor Co, bail thus… Read More ›
allegations
Trading suspended in Samsonite’s stock
Samsonite, the world’s biggest luggage maker, has been accused of indulging in questionable accounting practices and poor corporate governance. On Monday, following the accusation of a short seller that Samsonite has been party to poor corporate governance and had engaged… Read More ›
Trevor Edwards resigns as Nike’s president
Trevor Edwards will advise Mark Parker, Nike’s CEO until his retirement in August 2018. A spokeswoman for Nike Inc stated, its brand President Trevor Edwards has resigned and is set to retire in August 2018. The Wall Street Journal had… Read More ›
VW agrees to spend additional $1 billion to fix more of its 3.0 engine cars in the U.S
Volkswagen will buyback or fix another 80,000 3.0 litre diesel vehicles in the U.S for which it will spend 1, and up to 105,000 2.0 litre vehicles in Canada. In strategic efforts aimed at putting the emission cheating scandal behind… Read More ›