July 7, 2014 8:35 am
Goldman Sachs is to start offering loans to its exclusive network of very rich European, Middle Eastern and African clients, in a move to expand into the more secure private-banking sector. The new lending unit has a goal of building up deposits up to $5 billion, mostly from the 1700 wealthiest clients, whose assets the […]
Read moreJuly 5, 2014 6:23 am
Stuttgart, Germany-based premium car maker Mercedes-Benz posted its strongest first half on record as global first-half sales jumped by 13% on the back of strong demand in Asian markets and modest growth in the U.S. Mercedes-Benz, which is a unit of automotive group Daimler AG, reported that it sold 783 520 cars worldwide in the […]
Read moreJuly 4, 2014 2:00 pm
Serco Group Plc has lost the contract to run the Docklands Light Railway in London. This has been the second misfortune and disappointment for the U.K.-based company recently. The automated metro system has been both run and maintained by Serco since 1997 and has attempted to keep the mandate until 2012. The 700-million-pound franchise was […]
Read moreJuly 4, 2014 1:10 pm
The shareholders of the largest Indian car manufacturer by revenue Tata Motors Ltd rejected a pay proposal for three of the companys senior executives, including a compensation package for the companys late India chief Mr. Karl Slym. According to companys investors, Mr. Slyms family may have to give back most of the 152.5 million rupees […]
Read moreJuly 4, 2014 11:36 am
Daimler AG, the leader in the commercial-vehicle industry, is planning to launch self-driving trucks that can steer, brake and accelerate independently as early as 2025. The decision is part of the companys efforts to get ahead of its rivals by presenting innovative solutions. “We aim to be the No. 1 manufacturer in this market of […]
Read moreJuly 4, 2014 9:37 am
Barclays Plc made an official statement revealing its intent to open a Compliance Career Academy with Cambridge University’s Judge Business School in order to teach its employees compliance. The U.K.-based lender plans to provide its employees all over the world with technical and behavioral training, while also offering compliance courses to employees of other companies. […]
Read moreJuly 4, 2014 8:29 am
General Motors Co. was forced to halt output at its vehicle-assembly plant in South Africa following failed negotiations over wages after more than 220 000 metalworkers announced an indefinite strike. The walk-out started on July 1st, but today the Steel and Engineering Industries Federation of Southern Africa revealed in an e-mailed announcement that the National […]
Read moreJuly 4, 2014 7:58 am
The decision of Google Inc. to remove part of the search results for a 7-year-old article of British Broadcasting Corp. about the ex-Chief Executive Officer of Merrill Lynch & Co. – Mr. Stan ONeal- has been criticized by the U.K. company. The criticism has also raised questions related to the new “right to be forgotten” […]
Read moreJuly 3, 2014 2:13 pm
Facebook Inc. announced in a blog post that it reached an agreement over the acquisition of the start-up LiveRail, which helps in providing businesses with more relevant video advertisements. The deal is the first step of the social network to start serving video promotions on the Web beyond its own standard services. Facebook Inc. wrote […]
Read moreJuly 3, 2014 12:54 pm
The biggest beer manufacturer in the world – Anheuser-Busch InBev SA made an official statement, revealing it acquired Pivovar Samson a.s. and is also considering to expand its Budweiser brand. The acquisition of Pivovar Samson puts an end to the competition between Anheuser-Busch InBev SA that were struggling over brand rights for more than one […]
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