According to a compensation consultant, Dauman’s exit package could be as much as $90 million. According to a source who is familiar with the situation at hand, Phillippe Dauman, Viacom Inc.’s CEO and Sumner Redstone, Viacom’s controlling shareholder have resumed… Read More ›
Given the present conditions, the bank’s top management could once again forego their yearly bonus. According to Deutsche Bank’s retail chief, interest rates in the Eurozone could be hovering around the 1% mark after 3 years. Christian Sewing, Deutsche Bank’s… Read More ›
This strategic move comes in the wake of Icahn’s representative joining AIG’s board. The America International Group Inc. has disclosed that it would divest its mortgage-guarantee unit to Arch Capital Group Ltd for around $3.4 billion. By doing so, AIG,… Read More ›
While China is quickly entering the list of economies that are among the greatest innovators, the European economies continue to dominate the ranks of the world’s most innovative countries. This was revealed after a study conducted jointly by the World… Read More ›
The race to tap the wealth held by Muslim individuals, institutions and government worth $11.5 trillion is intensifying. Expanding an industry that’s lured global money managers from BNP Paribas SA to Schroder Investment Management Ltd in the past year, the asset management units… Read More ›
There has been slowdown in the growth of the German economy in the second quarter of 2016. However contrary to expectations the growth, clocked at 0.4 percent, was better than what had been predicted. This was revealed in flash estimates… Read More ›
A pick up in exports helped offset sluggish retail sales in Hong Kong as the city’s economy grew at the fastest pace since March 2011. The government of Hong Kong said in a statement on Friday that in the three… Read More ›
With no evidence presented to show that the consumer was confused by AT&T’s thanks program, whereas Citigroup’s own evidence of the “many negative comments” only goes to show that consumers could distinguish from Citigroup’s “thank you” from AT&T’s “AT&T thanks”…. Read More ›
In what is representative of a latest in a growing list of global regulatory problems for the American search giant – Google, Russian antitrust officials fined a relatively small penalty of $6.8 million on Thursday on the company. By favoring… Read More ›
Hundreds of homes have been ordered to be removed from listings in Airbnb and hitting firms with a fine, while threatening more in the future by authorities in Barcelona during a stepped up crackdown against the company and on homes… Read More ›
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