Update 1 – Cameron warns Putin to stop destabilizing Ukraine or face further sanctions
British Prime Minister David Cameron warned Russian President Vladimir Putin that if he carries on “destabilizing” Ukraine, Russia risks facing further and more severe...
Microsoft beats Exxon and Google in global market value league table
Microsoft Corporation is now the second largest company in market value worldwide, pushing Exxon Mobil and Google into third and fourth places respectively. The...
Update 1 – BlackBerry says Chinese market is not a top priority
While BlackBerry Limited says the Asian market is a crucial priority for the loss-making company’s fortunes, China is not. CEO John Chen says the...
Jaguar Land Rover strike threat by UK’s largest union
Jaguar Land Rover has been threatened with industrial action by Unite, Britain’s largest union, if it does not get back to the negotiating table....
TSX up for fifth successive week on Friday, as natural resources shares jumped
The Toronto Stock Exchange (TSX) rose on Friday, posting its fifth consecutive weekly increase as surging commodity prices pushed up natural resources shares and...
EU accuses Netherlands of illegal Starbucks tax deal
European Union antitrust regulators have ruled that a deal between Starbucks and Dutch authorities could be illegal as the Netherlands is giving the coffee-shop...
ScottishPower ordered by regulator to improve customer service or face sales ban
ScottishPower has been ordered by Ofgem to improve its service or face a sales ban. The regulator said that the energy company has to...
German economy has ground to a halt
The German economic machine has ground to a halt. The country is so dependent on exports and its economy is primarily driven by its...
Halliburton is in talks to acquire Baker Hughes, stall on price
Baker Hughes has confirmed that Halliburton is in talks with them about a potential acquisition. If the deal goes through then these two oil...
Tata Motors posts 7.1 percent drop in net profit in second quarter
Tata Motors, the Mumbai-based automotive company, posted a 7.1 percent drop in consolidated net profit to Rs 3,291 crore in the second quarter ended...