September 6, 2014 9:49 am
A panel of U.S. regulators recommended that MetLife Inc. should be designated a systemic risk to the financial system. Such a decision is to subject the company – the largest life insurer by assets in the country, to tighter oversight by the Federal Reserve. “MetLife strongly disagrees” with the Financial Stability Oversight Council’s move today, […]
Read moreSeptember 5, 2014 12:31 pm
Cisco Systems Inc., the biggest networking-equipment maker in the world, revealed two new lines of servers on Thursday, as demand for the companys machines grows at a 30% annual rate. The San Jose, California-based tech giant revealed one mainstream server, the M-series, which is aimed at conventional telecoms and ISPs, and an “all-in-one” machine, the […]
Read moreSeptember 5, 2014 12:16 pm
Starbucks Corp, the worlds biggest coffee-shop chain, is seeking to bolster its competitiveness by opening two new types of stores, one aimed at tapping the rising demand for upscale reserve coffee, while the other will be oriented towards on-the-go customers. In order to appeal to the more demanding and deep-pocketed coffee consumers, the company plans […]
Read moreSeptember 5, 2014 11:41 am
Daimler AG, the third-biggest luxury cars manufacturer in the world, reported a significant rise in monthly sales of its premium Mercedes-Benz brand, keeping on track to log a record sales figure this year. The Stuttgart-based manufacturer reported an increase of 9.7% on an annual basis in worldwide sales to 118 887 in August, also logging […]
Read moreSeptember 5, 2014 9:23 am
Deutsche Lufthansa AG shared that a pilot strike planned for this evening will result in cancellation of some flights from as early as 1:30 p.m. Frankfurt time and many more from 4 p.m. According to the companys statement, the strike will affect more than 200 flights in Germany and Europe and about 25 000 passengers. […]
Read moreSeptember 5, 2014 8:42 am
BP Plc shares plummeted late on Thursday, after a US judge ruled that the company was found guilty of “gross negligence and willful misconduct” over the 2010 Deepwater Horizon oil spill, the worst offshore spill in the US. US District Judge Carl Barbier, who called BPs conduct “reckless”, has yet to rule on how much […]
Read moreSeptember 5, 2014 8:37 am
Only a few days before Apple Inc. is set to reveal its new iPhone 6, a report by two U.S.-based non-profit groups accuses the company in safety and environmental violations at a China-located factory run by a supplier of the company. The investigation, which was conducted in August 2014 and the allegations are a fine […]
Read moreSeptember 5, 2014 8:16 am
Britains headline equity index slid after hitting a multi-year high on Thursday ahead of data by Eurostat which may show the Eurozones economy saw no growth in the second quarter from the first. Investors eagerly awaited the US Labor Departments monthly jobs report, poised to show a job creation pace of over 200 000 for […]
Read moreSeptember 5, 2014 7:17 am
Apple Inc. revealed that additional steps for keeping the security of its users accounts are being planned. The company, however, again denied that carelessness is the reason why hackers managed to intrude in some celebrities accounts and steal nude photos. The Chief Executive Officer of the company – Mr. Tim Cook said in his first […]
Read moreSeptember 4, 2014 2:18 pm
Sony Corp, maker of the PlayStation, is to officially present the next lineup in its mobile devices division, set to deepen cross platform integration, as the new handhelds are designed to connect to the PlayStation 4. The company announced on its website that at the IFA consumer electronics show in Berlin, Germany, scheduled to start […]
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