Financial market bets too big and risky, says IMF
Excessive financial market bets pose a growing risk to the world economy, says the International Monetary Fund (IMF). All you need is a change...
Bayer floating its plastics business
The German chemical and pharmaceutical multinational giant Bayer is floating its plastics business - Bayer MaterialScience - as a separate company, saying it plans...
Sky Deutschland tells shareholders to shun BSkyB offer
Sky Deutschland, Germany’s pay-TV provider, has told its minority shareholders to turn down BSkyB’s offer. Given that BSkyB is a majority stakeholder in German...
Fed says rates stay low for a long time
The Fed says rates will stay low for a “considerable time” after the stimulus program has been wound down in October. However, it also...
Calpers appoints Ted Eliopoulos as Chief Investment Officer
The California Public Employees' Retirement System (Calpers) has appointed Ted Eliopoulos as its new Chief Investment Officer (CIO). A chief investment officer is a board-level...
Boeing-Lockheed venture invests in rocket engine with Bezos firm
The Boeing Co and Lockheed Matin Corp joint venture, United Launch Alliance (ULA), stated that it will be investing in a new rocket engine,...
Pier 1 Imports reports poor profit and revenue figures
Pier 1 Imports is yet another retailer to have performed badly. Shares of the company declined by 11% after trading hours on Wednesday. Its...
Tip housekeeping drive annoys Marriott customers
Marriott customers expressed irritation at being encouraged to tip housekeeping staff, saying it is an employer’s job to make sure its workers receive a...
JD Sports profits soar
JD Sports posted a record profit for the first half of the year and improved its full year guidance. The British sports-fashion retail company...
General Mills disappoints in first quarter profit and revenue
General Mills, the maker of Cheerios, Trix, Green Giant vegetables, and Betty Crocker cake mixes, posted disappointing profit and revenue for fiscal Q1 2015...