The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.
Firm Management
BSP accredits Eastspring Investments to manage equity fund
The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.
Royal DSM to create more jobs in India
Royal DSM announced plans of slowly transferring back-office work to India in the next couple of years.
Gmail overhaul upsets retailers, marketers
Reports said the recent changes to Gmail upset several retailers and marketers with already a 1% plunge in the number of opened emails.
Crews rush in cleaning up a former California nuke lab
The crews of Boeing, US Energy Department and NASA have been spread across a Cold War rocket test site to clean up and prevent contamination.
Latest News
Experts said Al Jazeera America needs to define its mission to be able to succeed with its American audience.
Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.
US Airways and American Airlines promised to fight the antitrust lawsuit filed by the US Department of Justice, of which halted the airline companies' USD 11 billion merger.
The US government acknowledged the existence of the aviation test site Area 51 after decades of utmost secrecy about the place.
The Procter & Gamble Company voluntarily recalled some lots of its Eukanuba and Iams dog and cat foods for possible Salmonella contamination.
BlackBerry CEO Thorsten Heins would make USD55.6 million if he sells the corporation and is ousted from his position.
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
Yahoo Inc named Maynard Webb as the company's chairman, as Marissa Mayer continued her efforts to turn the internet corporation around.
J.C. Penney appoints new director to settle publicized clash with Bill Ackman. Reuters' early reports indicated the plans of J. C. Penney to name its new director last Monday.
