November 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 […]
Read moreNovember 20, 2014 2:41 pm
ThyssenKrupp AG promised to resume dividend payments as the company ended a three-year period of multi-billion losses, boosted by a strong growth in its capital goods unit. The German steel and elevator group stated net profit of €195 million for the fiscal year ended September 30, versus a loss of €1.6 billion a year earlier. […]
Read moreNovember 20, 2014 2:29 pm
Shire Plc revealed that it intends to transfer more than 500 jobs from Chesterbrook, Pennsylvania, location to Lexington, Massachusetts, where its U.S. operational headquarters are planned to be established. The move is considered an attempt by the company to save expenses by combining the location of its worldwide research and development and commercial operations. As […]
Read moreNovember 20, 2014 1:20 pm
Target Corp reported quarterly profit that surpassed expectations, including its first increase in U.S. same-store sales in four quarters. The retailer reported a 2.8% gain in revenue to $17.73 billion for the quarter ended November 1, compared with revenue of $17.25 billion in the same period a year ago. Net income for the quarter stood […]
Read moreNovember 20, 2014 11:08 am
Vodafone Group PLCs CEO Vittorio Colao said that offering bundled television and broadband services may lead to declines in profit, as rivals use the same strategy to cut prices. Mr. Colao also mentioned than Vodafone may be forced to bid for TV rights just to keep up with the competition. British BT Group had started […]
Read moreNovember 20, 2014 9:47 am
Goldman Sachs Group Inc fired two employees, after one of them allegedly accessed confidential information from the Federal Reserve Bank of New York. Goldman reported that in September it had fired Rohit Bansal, a junior employee, and then laid off his supervisor Joe Jiampietro, a senior banker in the financial institution. Goldman executives wrote that […]
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