Tesco CEO leaves as Unilever executive comes in
Philip Clarke, Tesco CEO leaves, making way for Unilever’s Global President of Personal Care, Dave Lewis. The UK supermarket chain, the second largest retailer...
UK foreign direct investment created over 66,000 jobs in 2013
UK foreign direct investment in 2013 was the highest in Europe and the second highest in the world, after the United States, creating 66,390...
Capital One profit increased 8 percent in Q2 2014
Capital One profit increased by 8% during Q2 2014 to $1.2 billion or $2.04 per diluted common share, compared to $1.1 billion and $1.85...
FedEx denies shipping drugs illegally
FedEx denies shipping drugs illegally as the US Department of Justice indicts the global delivery services company with transporting medications for illicit online pharmacies. If...
GE Q2 net income increased 13%
GE Q2 net income increased by 13 percent, driven by strong sales in its oil & gas and aviation divisions. The American multinational conglomerate...
Brazilian Leading Economic Index down again
The Brazilian Leading Economic Index (LEI) fell 0.2% in June, after declining in May (-1.8) and also in April (-0.4). The index has fallen...
Morgan Stanley Q2 earnings surged
Morgan Stanley Q2 earnings surged, driven mainly by a strong performance in the company’s wealth management operations. The American multinational financial services corporation has...
Microsoft massive job cutting program announced
A Microsoft massive job cutting program involving up to 18,000 employees was announced today by the company. Most of the workforce reduction, approximately 12,500...
Apple IBM global partnership will transform enterprise mobility
An Apple IBM global partnership has been announced by the two companies, which they claim will transform enterprise mobility. In other words, the multinational...
Bank of America Q2 profits plummeted
Bank of America Q2 profits plummeted due mainly to a rise in legal costs and a decline in mortgage income. Net income fell 43%...