Business

Kraft Heinz Layoff: To Close Plants & Cut 2600 Jobs

Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world. He also said Kraft has a lot invested in its Champaign factory, along with the new warehouse it just added next door, and he believes Kraft Heinz in Champaign will continue to be a "high-production facility".

Business

A Texas billionaire is trying to build this supersonic private jet

The Reno, Nev.-based company said it will reveal its first AS2 customer at noon Tuesday Pacific time, or 2 p.m. Central, on the opening day of the 2015 National Business Aviation Association Convention & Exhibition. EASA certification would soon follow, the company said. "Aerion is focused on an engine solution that meets Stage 4 noise standards while preserving long-range supersonic performance".

Business

Build up a WTO 2.0

Governments and large enterprises can do more to help smaller businesses globalise, making it easier for them to trade with consumers via the internet. One way to help "the small guy" would be to exclude duties on goods sold by companies with less than €1m of annual revenue, Ma said during a presentation.

Business

One Direction Plays 'Never Have I Ever' on ELLEN

DeGeneres sighed and said, "We're not going to play if you're going to lie". However, after five glossy, glorious years, it appears One Direction's frontman might be reconsidering his role as unofficial king of Britain's man bun aficionados.

Business

Funding agency Silver Lake nearly quadruples stake in SolarCity

SolarCity installs solar panels on residential and commercial buildings. Silver Lake Kraftwerk focuses on providing growth capital to technology innovators with established business models in the energy and resource sectors. And the company, which has reported a quarterly profit only twice since going public in December 2012, reported a bigger-than-expected loss for its third quarter.

Business

ON Semiconductor to Buy Fairchild for $2.4 Billion in Cash

ON Semiconductor Corporation and Fairchild Semiconductor worldwide Inc. today announced plans for ON Semiconductor to acquire Fairchild for $20.00 per share in an all-cash transaction valued at approximately $2.4 billion. Shares of Fairchild were trading at $19.40 before the opening bell on Wednesday. Fairchild traces its storied history back to 1957 when the "Traitorous Eight" group of Gordon Moore, Robert Noyce, Eugene Kleiner, Jay Last, C.