German Amazon workers strike demanding higher wages
German Amazon workers have gone on strike at five logistic centers, the Verdi labor union announced today. Verdi says the two-day stoppage is in...
Tesco announces probe after inflating profit guidance
On Monday, British supermarket giant Tesco plc said it had launched an investigation into its accounting practices after overstating its profit guidance for the...
Rockefeller family divesting from fossil fuels
The Rockefeller family, whose wealth was built on oil, has made a pledge to divest billions of dollars from the oil, gas and coal...
Siemens to acquire Dresser-Rand Group Inc for $7.6 billion
The German Industrial giant Siemens AG has agreed to acquire the U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, trumping the competing...
United Airlines making substantial changes to set itself in the right direction
United Airlines is making steady progress on its on-time rates, despite a bad start to the year. The company was subject to a number...
TransCanada Keystone XL pipeline costs skyrocket
Six years of regulatory delays have pushed up the estimated costs of the Keystone XL pipeline project by nearly 100%, Shawn Howard a TransCanada...
Labour pledges ₤8 per hour minimum wage by 2020
The UK’s Labour Party on Sunday pledged an ₤8 per hour minimum wage by 2020 if it wins next year’s general elections. It says...
US economic indicators show August slowdown
The US August Leading Economic Index increased by just 0.2% to 103.8 compared to 0.7% and 1.1% rises in June and July respectively, according...
Aviva sells Spanish stake for €287 million
British multinational insurance company Aviva plc announced on Friday it had sold its stake in CxG Aviva for €287 million (£226 million, $368 million)...
Bitcoin Ponzi scheme ruled as securities fraud
A U.S. Magistrate Judge in Texas agreed with the US Securities and Exchange Commission (SEC) that Trendon Shavers’ Bitcoin Ponzi scheme amounted to securities...