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Corporate news

British banks linked to corrupt FIFA transactions
British banks have allegedly been party to corrupt transactions worth millions of dollars linked to FIFA, according to legal papers from the US Department of Justice (DoJ).

29.05.2015 08:06

Women wait 20 years longer than men to earn first £1m
Female workers have to spend nearly two more decades earning than men before they reach their first million, new figures show.

28.05.2015 10:32

Taco Bell, Pizza Hut to remove artificial colors, flavors from food
Fast-food titans Taco Bell and Pizza Hut have announced they will eliminate artificial coloring and flavoring from their food in the coming months and years. The chain restaurants are both owned by Yum Brands Inc.

26.05.2015 19:09

Dream merchants: Media CEOs dominate top 10 highest-paid list
Six out of the 10 highest-paid CEOs in the US helm entertainment companies, a new study shows. Executive pay grew for the fifth straight year, with the median pay for a CEO in 2014 reaching $10.6 million, or 205 times more than the average worker’s wage.

26.05.2015 22:35

Charter Communications acquires Time Warner Cable in $78.7bn deal
US leading broadband company Charter Communications has acquired Time Warner Cable in a deal worth $78.7 billion. The new company is expected to become one of the largest cable and broadband operators in the US.

26.05.2015 10:26

Malaysia Airlines to fire one third of its staff in major restructuring
Malaysia Airlines, which lost two of its planes last year, is to sack one-third of its 20,000 staff on Wednesday as part of a major reorganization aimed at making the ill-fated company more efficient.

25.05.2015 18:13

‘Fight for 15’ protest shuts down McDonald’s HQ
The corporate office of McDonald’s in Oak Brook, Illinois was closed after thousands of workers and union activists marched on the building a day before the annual shareholder meeting. Protesters are demanding a $15 minimum wage for fast-food workers.

20.05.2015 18:04

Apple, Google and 140+ tech firms urge Obama not to give police 'backdoor' access to encrypted phone data
Apple, Google, and a host of other tech companies and cryptology experts have signed a letter sent to President Obama calling on his administration to stem any proposal that seeks to weaken encryption security to benefit policing agencies.

19.05.2015 16:30

Deutsche Bank prepares game plan for ‘Brexit’ scenario - media
Germany’s Deutsche Bank has reportedly formed a working group to assess the consequences of a possible UK exit from the European Union. Britain is expected to hold an in/out referendum after the Conservative victory in the 2015 general election.

19.05.2015 12:39

‘We must resist corporations’: Le Pen targets troubled TTIP deal in new campaign
Leader of France’s National Front party, Marine Le Pen, has launched a month-long blitz against the Transatlantic Trade and Investment Partnership (TTIP) – a proposed EU-US treaty, which has been criticized for secretiveness and lack of accountability.

18.05.2015 21:05

Fifth year Apple named most valuable brand, at $145bn
The Apple brand is now worth over $145 billion, topping Forbes’ list of the World’s Most Valuable Brands for 2015. The value is up 17 percent since last year, and worth twice any other brand. This is the fifth year the company has headed the list.

14.05.2015 12:11

Honda recalls further 4.9mn vehicles with Takata airbags as safety crisis grows
Honda has announced it would recall an additional 4.9 million cars worldwide with airbags made by Takata due to a potential safety hazard. The airbags are in all Honda vehicles and have led to at least six deaths in accidents in the US and Malaysia.

14.05.2015 10:18