Sectors
BlackBerry may exit smartphone market
After more than dismal last quarter financial reports, BlackBerry is contemplating its exit from the smartphone market.
UK PM Cameron implements Home to Buy Scheme three months earlier than scheduled
Critics say the UK Prime Minister's Home to Buy scheme would only push home prices higher than expected.
Bernabe set to submit resignation as Telecom Italia CEO
Due to the loss of support from the largest shareholders of Telecom Italia, CEO Franco Bernabe is planning to submit his resignation on October 3.
Videocon Group preparing for project in West Bengal
Videocon Group Chairman Venugopal Dhoot confirmed that its West Bengali project would commence by the end of 2013.
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In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
Online storage startup Box Inc co-founder Aaron Levie told an audience at a BoxWorks conference in San Francisco that the company's path towards an initial public offering would be the most natural thing to do.
Noticing the number of Facebook employees leaving the social media company, a Techcrunch report suggested that forming a new venture capital group would make sense to curtail the employee attrition.
A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.
There has been an increasing clamor from politicians, store associations and laborers alike to ease store hours regulations amidst a struggling French economy.
According to a Reuters report, a struggling Alitalia would be closing shop soon if it won't be getting the cash it needs to implement Alitalia CEO Gabriele Del Torchio's long-term plans.
US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
Kaufhof CEO Olaf Koch, in an interview, said the company is doing well and not considering mergers. Kaufhof, the German department store chain, is doing well but its owner Metro is planning to sell it.
Majid Al Futtaim Holding, the Gulf region's exclusive franchisee for Carrefour, is pulling out of Egypt and Syria.
The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.