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Corporate news

Mega-merger: Monsanto still seeks takeover of Syngenta, world's largest crop chemical company
Transnational agrochemical and seed giant Monsanto has reiterated its desire to merge with fellow chemical-producing behemoth Syngenta, a company that has already rebuffed three previous purchase attempts by Monsanto.

29.06.2015 19:55

Cuadrilla fracking application rejected by Lancashire Council
Lancashire County Council has unanimously voted to reject a planning application for fracking in the region. Residents and environmentalists, who have been protesting throughout the council’s two-day meeting, welcomed the news.

26.06.2015 07:57

Apple pulls Civil War games from store, calling them ‘offensive and mean-spirited’
Apple has yanked all applications that contain the Confederate flag from its AppStore, following the lead of other major retailers. However, it removed historically accurate Civil War games alongside apps that promoted potentially offensive themes.

25.06.2015 20:13

E. coli contamination leads to recall of bottled spring water
An E. coli scare has caused a voluntary recall of bottled water across much of the northeastern United States. Niagara Bottling LLC recalled 14 spring water products ‒ including 7-Eleven and Wegmans brands ‒ over fears of contamination from the bacteria.

23.06.2015 17:09

​‘Diversity deficit’: Ethnic minority representation in UK boardrooms falling
Efforts to diversify the ethnic make-up of boardrooms in Britain’s biggest firms are failing, a new report reveals. The study shows a drop in the number of non-white managers being prepped for top jobs in FTSE 100 companies.

22.06.2015 14:30

Clinton breaks with Obama, opposes 'fast-track' trade authority as bill heads to Senate
Democratic Party presidential nominee Hillary Clinton has come out against "fast-track" approval powers sought by the White House that would allow only the Executive Branch to negotiate trade deals like the Trans-Pacific Partnership.

19.06.2015 16:34

Pepper first emotional humanoid robot to be sold in Japan for $1,600
A joint venture between Japan’s SoftBank, China’s Alibaba and Foxconn Technology is bringing the emotional human-like robot Pepper to the global market. It’s the first step to make robots available to general consumers for home and work.

19.06.2015 07:14

‘Fatally flawed’ Bank of England stress tests peddle myth of financial security – report
Bank of England (BoE) stress tests of Britain’s banking sector are “fatally flawed” and peddle the myth that the financial system is secure, a report by the Adam Smith Institute says.

18.06.2015 11:27

Walmart accused of dodging US taxes by storing $76 billion in assets abroad
A new report accuses Walmart of stiffing the US government out of $3.5 billion in corporate income taxes by hiding more than $76 billion in assets in a web of subsidiaries in international tax havens where the company does not own any retail stores.

17.06.2015 16:54

St. Louis Cardinals hacking away at Houston Astros? FBI investigates
Corporate espionage through cyber-hacking may have just jumped from the boardroom to the ball fields. The FBI is investigating St. Louis Cardinals baseball team for hacking into the Houston Astros’ database, Major League Baseball confirmed.

16.06.2015 20:28

Artificial trans fats banned in 3 years – FDA
The US Food and Drug Administration (FDA) has announced its final decision to outlaw partially hydrogenated oils, the primary source of artificial trans fat in processed foods, by June 2018.

16.06.2015 15:20

Legendary US Colt firearms maker files for bankruptcy protection to stay afloat
The firearms manufacturer Colt Defense has filed for bankruptcy protection aiming to cut its $355 million debt. The company has struggled financially due to waning sales and the loss of a key contract.

15.06.2015 13:27