HTC, due to Apple and Samsung dominance and the proliferation of cheap smartphones from China, saw its market share decline to just 2.8%.
Firm Management
Vitol SA's debt rates same as Glencore negotiated rates
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Xylem appoints 'Bala' as Managing Director of India unit
Xylem appointed H Balasubramaniam as the company's managing director for its India operations. Xylem Inc was born as a spin off from ITT Corp. Xylem is a water technology company and it announced the appointment of General Electric executive H.
Time Warner Cable purchases DukeNet to expand into Southeastern US
DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
Riveron hires Tony Martorano
Riveron Consulting has hired business development and leadership expert Tony Martorano. Tony Martorano, the business development and leadereship veteran, was recently engaged by Riveron Consulting's Chicago as its new director of business development.
Latest News
Norilisk CEO Potanin, who purchased stock at the collapse of the Soviet Union, intends to make the mining firm's management world class.
Ben Venue was required by court to comply with good manufacturing standards set. The local unit of German pharmaceutical firm Boehringer Ingelheim, Ben Venue Laboratories Inc.
The naivete of Volkswagen was called out by Tennessee Republican Senator Bob Corker. Tenesseee Republican Senator Bob Corker issued a warning to Volkswagen AG if the German carmaker allows the United Auto Workers to represent its workers, it would be its 'biggest mistake', The remarks were quoted by German newspaper Handelsblatt.
A default would bring catastrophic results to the world economy. The world is anticipating the showdown on Capitol Hill over the US federal budget and debt ceiling.
After the end of Bank of Korea's governor term, the central bank would need a new head that has strong global focus and a firm grip on international economics, said a presidential adviser.
HSBC Holdings had lost its bid to undo a 2009 securities fraud trial verdict, according to a Reuters report.
JC Penney named Jan Hodges as the new head of its struggling home goods section JC Penney Co Inc. had named an insider to be the new head of its struggling home goods section.
VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
Bay Investment Group LLC, the venture firm of Hayah Holdings and Colony Capital, will head the master development in the city of Oakland.
