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.


Latest News

U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA) NV (FCAU.N).
Boeing Co (BA.N) will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker.
Apple Inc (AAPL.O) won an antitrust trial on Tuesday when a U.S. jury decided the company did not act improperly when it restricted music purchases for iPod users to Apple's iTunes digital store.
American Apparel Inc has officially fired its founder and former Chief Executive Officer Dov Charney, months after it suspended him for misconduct, according to a news release Tuesday.
The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of patent challenges.
Takata Corp. (7312.T) has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved.
Nasdaq OMX Group announced late Friday the results of its annual re-ranking of the Nasdaq 100 index, which will cause a reshuffling of several constituents.
Facebook Inc (FB.O) has stopped including results from Microsoft Corp's (MSFT.O) Bing search engine on its social networking site.
Japan's SoftBank Corp (9984.T) will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc (TMUS.N).
The chief executive of PT Garuda Indonesia Tbk (GIAA.JK), Emirsyah Satar, has resigned from his post, the state-owned airline said on Thursday, and a new CEO will be decided upon at a shareholder meeting on Friday.
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