Firm Management
ECB sets Volksbanken capital goal as 'bad bank' plan approved
The European Central Bank has told Austria's Volksbanken group to strengthen its balance sheet by next July as it rushes to wind down its flagship unit and plug a capital hole exposed by this year's health checks on euro zone banks.
Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr
Kellogg Co K.N., the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr (BISM.CA) on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle.
American Airlines says 'strong' profit to allow bigger wage hikes
American Airlines Group Inc said Tuesday that it plans to pay flight attendants an additional four percentage points on top of raises already averaging 10 percent, thanks to profits that have strengthened as oil prices have collapsed.
Apple pushes first ever automated security update to Mac users
Apple Inc has pushed out its first-ever automated security update to Macintosh computers to help defend against newly identified bugs that security researchers have warned could enable hackers to gain remote control of machines.