July 10, 2015 2:53 pm
British Airways-parent International Airlines Group SA is one step closer to taking over Irish national carrier Aer Lingus after the board of Ryanair Holdings Plc unanimously voted in favor of selling its nearly 30% stake in the carrier. The London-based airline operator, which owns British Airways, Iberia and Spanish budget carrier Vueling, had made the […]
Read moreJuly 9, 2015 8:33 am
Microsoft Corp acknowledged on Wednesday its failure to become one of the smartphone worlds leading players little over a year after its controversial acquisition of Nokias handset unit. The software maker announced it would slash 7 800 jobs, or nearly 7% of its total headcount, and write down $7.6 billion related to its Nokia phone […]
Read moreJuly 8, 2015 8:04 am
Barclays Plc announced on Wednesday that Antony Jenkins, chief executive officer, would leave the lender after losing the confidence of its non-executive directors. The British bank said a replacement for Mr. Jenkins was underway and that Chairman John McFarlane will act as interim executive chairman before a successor is appointed. Pending regulatory approval, the change […]
Read moreJuly 6, 2015 8:13 am
European shares plunged sharply on Monday after the Greek vote in regard to the bailout conditions proposed by the countrys creditors in late June. On Sunday it became clear that 61% of the Greek voters said a sonorous “No” to austerity measures, which the European Central Bank, the International Monetary Fund and the European Commission […]
Read moreJuly 3, 2015 10:07 am
Health insurer Aetna Inc said it has agreed to acquire Humana Inc, the second-largest provider of private Medicare insurance, for $37 billion in cash and stock as it seeks to expand its health-care coverage. The combination will bring Aetna close to Anthem Incs No.2 insurer spot by membership, and would nearly triple its Medicare Advantage […]
Read moreJuly 2, 2015 10:12 am
The US Department of Justice filed a lawsuit on Wednesday to block Swedens Electrolux AB from buying General Electrics appliances division for $3.3 billion, citing worries of weaker competition. The European company agreed to buy the unit last year in a mutually beneficial deal as Electrolux seeks to expand its foothold in the US market […]
Read moreJuly 1, 2015 9:59 am
Toyota Motor Corp announced on Wednesday it has accepted the resignation of Julie Hamp, its first female managing officer, following her arrest in Japan two weeks ago on suspicion of illegally importing a prescription drug from the US. Ms. Hamp, who in April was appointed as chief communications officer as part of Toyotas push to […]
Read moreJune 30, 2015 10:08 am
Japans Sony Corp announced on Tuesday plans to raise ¥440 billion ($3.6 billion) via a convertible bond offering and its first public stock issuance in 26 years to bolster capacity in promising growth areas. The electronics company said it expects to raise ¥322 billion through the share offering, capitalizing on the over 100% year-on-year rally […]
Read moreJune 26, 2015 10:14 am
Britains biggest supermarket chain Tesco Plc announced on Friday a further decline in sales during the first three months of the current fiscal year but performance topped expectations, sending signs of a fragile recovery after a record annual loss. Tesco said that sales at stores open for at least one year fell by 1.3% in […]
Read moreJune 25, 2015 10:02 am
Japanese carmakers Toyota Motor Corp and Nissan Motor Co said on Thursday they are expanding previously issued recalls in North America tied to defective Takata airbags to the rest of the world. Mitsubishi announced recalls as well. Tokyo-based Takata Corp agreed last month to double a US recall to a record of more than 30 […]
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