America trails many other developed countries when it comes to health, environmental protection, and fighting discrimination, even though it leads the world when it comes to access to higher education. This was revealed in a report published by the Social Progress Imperative, a… Read More ›
Month: June 2017
Royal Bank of Scotland in the midst of a strategic downsizing
The move will see RBS cut 443 jobs as it pushes to streamline its operations and bring it in the black. Edinburgh-based Royal Bank of Scotland disclosed that as part of a strategic restructuring of its operations, it plans on… Read More ›
Tim Westergren resigns as Pandora Media’s Chief Executive
Until the company finds a replacement, Westergren will continue to hold the office. As per a Recode’s report, Tim Westergren, the founder and CEO of Pandora Media Inc, a music streaming service, has decided to step down. However, he will… Read More ›
Takata Corp files for bankruptcy in Japan and in the U.S.
The company has got itself a sponsor from U.S.-based Key Safety Systems which is owned by China’s Ningbo Joyson Electronic Corp. Japanese airbag manufacturer, Takata Corp which found itself in the centre of one of the auto industry’s biggest ever… Read More ›
Repeated Attempts Made By Hedge Funds To Invest In Veneto Banks: Reuters
The plan of a group of four international investment funds was not pursued by Rome along with more recent approaches to be part of a rescue deal after the funds offered to inject 1.6 billion euros ($1.79 billion) of fresh… Read More ›
Second Quarter Ends With Slower Growth For Euro Zone Businesses: PMIs
A survey has shown that following a sudden slowing in the pace of expansion by services firms, roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017. But pressure will likely be maintained… Read More ›
After Supreme Court ruling, GM settles hundreds of ignition switch related lawsuits
The details of the settlement are yet to be disclosed, as they are confidential. GM’s lawyers are working with the plaintiffs’ lawyers to complete the documentation within a month’s time, after which it will begin implementing the court’s order. As… Read More ›
Eddie Bauer exploring strategic alternatives, including sale: sources
The retail sector has been ravaged by changing consumer taste and a boom in internet shopping. On Friday, U.S. outdoor gear and outerwear retailer Eddie Bauer LLC, which is trying to struggling to manage its debts, hired investment banks to… Read More ›
India’s Famed Tea Nearing Short Supply – A Storm In Darjeeling’s Teacup
The world-famous brew of Darjeeling tea could soon be in short supply. Dealing a blow to brands dependent on the area’s prestigious teaplant, in India’s famed Himalayan town, political chaos has forced the closure of tea plantations and estates. Amid ethnic strife… Read More ›
While Pushing For Free Trade, EU Promises Tough Line On U.S. And China
While EU leaders agreed to consider screening investments by state-owned Chinese firms, Europe would react in kind if the United States did not play fair in trade, German Chancellor Angela Merkel warned U.S. President Donald Trump on Friday. The European… Read More ›