November 28, 2014 8:39 am
U.K.-based Mulberry Group Plc said in an official statement that it appointed Johnny Coca at the position of Creative Director. The companys choice puts an end to a long search for a worthy replacement for its British designer Emma Hill. The Chairman of the company, Godfrey Davis, said in a statement, cited by Bloomberg, that […]
Read moreNovember 27, 2014 3:54 pm
Rio Tinto Plc, the world’s second-biggest mining company, approved a $350-million expansion of a diamond mine in Canada, outlining the companys confidence in future growth of demand for the gemstones. The move shows reinvigorated interest in the Diavik mine. Rio Tinto tried to dispose of the unit, but abandoned the plan last year after it […]
Read moreNovember 27, 2014 2:28 pm
The largest retailer in the world, Wal-Mart Stores Inc., revealed that 30 of its senior executives in China were dismissed due to a major restructuring in Asia. The reorganization changes include store closures on the territory of Japan and management shifts in India. The companys spokesman in China, Ray Bracy, said in an e-mailed reply […]
Read moreNovember 27, 2014 2:23 pm
Toyota Motor Corp said it has launched a global vehicle recall in order to change the potentially dangerous air bags produced by Takata Corp. The Japanese car manufacturer said it would pull back around 57 000 vehicles equipped with Takata-made airbags, as safety issues related to ruptured air bag inflators are far from over. Since […]
Read moreNovember 27, 2014 12:38 pm
SABMiller and Coca-Cola are teaming up to create the biggest bottling operator in Africa in order to get a better grasp on the continents beverage market. SABMiller, the worlds second-largest brewer by volume, has previously shown interest in Africa and described it as the most promising long-term growth market. Should the deal be completed, SABMiller […]
Read moreNovember 27, 2014 10:02 am
Twitter Inc. announced it will start collecting lists of applications, which its users install on their mobile devices. The step of the social media company comes as part of a strategy to better target users by customizing advertising and content. The company said in a post on its website: “To help build a more personal […]
Read moreNovember 27, 2014 8:35 am
Google Inc. will probably be pushed to change the way it applies the “right to be forgotten” to its websites after the European Union and its privacy regulators demand the right to be forgotten to go global. A few months ago, the U.S.-based company was imposed a decision by the regulatory authorities to provide its […]
Read moreNovember 26, 2014 4:08 pm
Carlyle Group LP, one of the world’s largest private equity groups, has agreed to buy South Africas Tiger Automotive, marking its first investment in the country. The US buyout firm purchased TiAuto, a vehicle parts and tire retailer in Johannesburg, in a consortium with Old Mutuals South African private equity unit from Ethos Private Equity. […]
Read moreNovember 26, 2014 1:45 pm
According to a person with knowledge of the matter, Microsoft Corp. was required to pay more than $150 million by the Chinese government. The U.S.-based company is considered to have been charged in back taxes and interest by the government at a time when China is focusing on what the authorities call a foreign companies […]
Read moreNovember 26, 2014 1:37 pm
Thomas Cook Group Plcs shares plummeted by more than a quarter after the sudden departure of CEO Harriet Green, credited for reviving the British holiday company. Ms. Green, 52, joined the 173-year-old travel company back in 2012, when shares of Thomas Cook were trading for 14 pence and it had a market capitalization of £148 […]
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