Murphy steps down from Gap, Peck steps up
Glenn Murphy is stepping down as CEO of American multinational clothing and accessories retailer Gap Inc., while nine-year veteran head of the retailer’s digital...
Symantec splitting into two separate firms
American technology firm Symantec Corporation announced on Thursday that it will split into two separate companies. The maker of Norton antivirus says it will...
Pepsico profits rose 5 percent in third quarter
PepsiCo posted a 5% increase in profits for the 3rd quarter, driven by strong sales overseas, despite a difficult environment, the company announced on...
Auxilium Pharmaceuticals accepts Endo International’s takeover bid
Auxilium Pharmaceuticals Inc. says it accepts Endo International Plc’s acquisition offer. The Chesterbrook-based company says it has terminated its deal to take over QLT...
Bank of England holds interest rate at 0.5%
The Bank of England's Monetary Policy Committee (MPC) voted on Thursday to keep the UK’s benchmark interest rate at its record-low of 0.5%. The...
Now is time to strengthen growth, say German economists
Now is the time to strengthen growth and create a more favorable investment environment, four German institutes said on Thursday. Germany needs a more...
Alarm bell of slower growth, says British Chambers of Commerce
The results for domestic manufacturing and exports in Q3 could be “the first alarm bell” warning us of slower economic growth ahead, John Longworth,...
German exports fell 1 percent in August, imports declined by 2.4 percent
German exports and imports fell by -1% and -2.4% respectively in August 2014 compared to August 2013, the Federal Statistical Office (Destatis) reported on...
Canadian cross-border shopping in US rose 72 percent in six years
The amount Canadians spent cross-border shopping in the United States increased by 72% from 2006 to 2012 from $4.7 billion to $8billion, Statistics Canada...
£24.5bn Hinkley Point nuclear power plant gets EU green light
The European Commission gave the green light on Wednesday to the UK’s £24.5 billion ($39.36 billion) nuclear power plant project at Hinkley Point near...