BP cannot claw back overpayments from Gulf spill disaster
At the hearing in New Orleans on Wednesday, U.S. District Judge Carl Barbier said BP cannot recover hundreds of millions of dollars in overpayments...
Sir Philip Hampton to be new Chairman of GlaxoSmithKline
Sir Philip Hampton, the current Chairman of the Royal Bank of Scotland, will this week be named as GlaxoSmithKline plc’s new Chairman. He is...
South Korea orders 40 Lockheed Martin fighter jets
The Republic of South Korea confirmed on Wednesday its order for 40 Lockheed Martin F-35A Lightning II aircraft as part of its F-X fighter...
Sir Richard Branson supports vacations whenever you want
Sir Richard Branson, the billionaire head of the Virgin empire, supports flexible working. This means staff can take time off whenever they like, and...
Royal Bank of Scotland reduces Citizens share price
The Royal Bank of Scotland (RBS) has reduced the price of shares in Citizens Financial Group’s IPO to $21.50 from a $23 to $25...
Starbucks is buying out Japanese partner
Global coffee company and coffeehouse chain Starbucks Corporation announced on Wednesday that it is buying out its Japanese partner Starbucks Coffee Japan, Ltd in...
PayPal warms up to Bitcoin
PayPal said on Tuesday that it was partnering with GoCoin, Coinbase and BitPay to allow its merchants to accept Bitcoins for online games, downloadable...
Dallas Fed seeking Fisher replacement
The Dallas Fed is looking for a replacement to take Richard W. Fisher’s place, who said he is retiring in 2015. The bank said...
What is a dove? What does dovish mean in finance?
In finance a dove is someone who believes that the best way to encourage economic growth is through monetary policies that involve keeping interest...
Business confidence drops in Germany
German business confidence has declined following plans by the European Central Back to make more of an effort in its eurozone recovery.
The Ifo Business...