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...
US consumer sentiment hits 7-year high driven by cheap gas and low unemployment
Consumer sentiment in the United States in November has jumped to a 7-year high as citizens express greater optimism due mainly to cheaper gasoline...
Héroux-Devtek posted strong sales and profit, but missed share estimate
Canadian aerospace and industrial products company Héroux-Devtek Inc. posted strong sales and profit in the second quarter, but it missed its share estimate.
Sales jumped...
Virgin America IPO raises $300 million, stock soars
Virgin America, which start trading Friday on Nasdaq, gained more than 25% from its IPO price of $23, raising over $300 million. The US...
Canada factory sales jumped 2.1% in September driven by aerospace business
Canadian factory sales increased by 2.1% in September to $46.57 billion, which was higher than the 1% average economists at the Royal Bank of...
Scottish Power facing sales ban for poor customer service and Ofgem probe
Scottish Power Ltd. has been threatened with a sales ban unless it can fix some serious problems regarding customer service, the UK government regulator...