November 22, 2014 9:44 am
The largest cars, vans and heavy trucks maker in Europe – Volkswagen AG – intends to expand its investments into new vehicles, technology and factories in an attempt to surpass Toyota Motor Corp. as the worlds largest auto manufacturer. The Chief Executive Officer of the company Mr. Martin Winterkorn said in a statement on Friday: […]
Read moreNovember 21, 2014 3:35 pm
Foot Locker Inc said its net income increased more than expected as the company waves its CEO goodbye. Ken Hicks, 61, announced that he would retire from its position as CEO at the end of the month and be replaced with Richard Johnson, Foot Lockers current chief operating officer. However, changes at the top of […]
Read moreNovember 21, 2014 2:16 pm
The Chief Executive Officer of Orange SA, Stephane Richard, said that the company is to consider a strategic partnership with a landline or cable provider as a part of its plan do expand its reach into broadband and TV services in the U.K. Stephane Richard said in an interview, cited by Bloomberg: “Convergence often means […]
Read moreNovember 21, 2014 1:35 pm
Hornby Plc, maker of Corgi toys, model trains and Scalextric sets, said it is back on the path to improvement, but still has a “long way to go” as the company reported a half-sized loss for the first six months of the financial year. The toymaker said losses decreased to £520 000 for the six […]
Read moreNovember 21, 2014 11:01 am
Brazils JBS SA, the world’s biggest meat producer, unveiled a plan to increase deliveries to Asia as the company acquired Primo Group, the largest ham-and-bacon producer in Australia and New Zealand. The deal will also allow JBS to produce higher-priced processed foods and market them on the Asian markets, where Primo already delivers. The move […]
Read moreNovember 21, 2014 10:11 am
General Motors Co., which has been dealing with a series of litigation over defective ignition switches, revealed that it plans to make serious senior leadership changes. The move is considered a part of its strategy to make its quality and customer care better. The Chief Executive Officer of the company, Mary Barra, said in an […]
Read moreNovember 21, 2014 9:50 am
BNP Paribas SA laid off some of its U.S. high-yield bond trading and sales team, as the new head of corporate and investment banking reshapes the division. According to people close to the matter, BNP fired eight employees from its bond trading team. The job trims were made the same day that the largest French […]
Read moreNovember 21, 2014 8:47 am
According to latest reports, the largest search engine in the world, Google Inc., is pushing back to China by providing domestic developers with the opportunity to sell paid applications in its Play store, which is currently available to the 632 million Internet users in the country. After closing its Chinese search page four years ago, […]
Read moreNovember 21, 2014 8:25 am
AT&T Inc will pay $23.8 million in civil penalties under a settlement with the California state over allegations of illegally dumping hazardous waste. The settlement is pending an approval by the Alameda County Superior Court and marks the first enforcement action in California versus a telecommunications company over improperly handled and disposed hazardous waste. General […]
Read moreNovember 20, 2014 3:57 pm
Dollar Tree Inc reported its biggest same-store sales growth since 2011 as the discount retailer raised its outlook and is nearing the acquisition of Family Dollar Stores Inc. Dollar Tree projected full-year earnings to range between $2.97 and $3.04 per share, up from its previous forecast of $2.94 and $3.06 per share. It also boosted […]
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