Corporate news

24.05.2012 19:45 18 comments Democrats revolt against Obama over TPP A leading Senate Democrat has called out US President Barack Obama over his alleged unwillingness to keep Congress updated on negotiations over a treaty that might be potentially disastrous for America.		24.05.2012 19:25 1 comment Severstal sees smaller than expected profit fall Russia's largest steelmaker Severstal saw 2012 first quarter net profit fall 7.8% quarter-on-quarter to $427 million, still beating analysts’ forecasts.
23.05.2012 18:06 Burberry goes Latino: Luxury brand expands to South America As luxury goods companies have seen a slowdown in sales in recent months amid the eurozone turmoil, British luxury brand Burberry is turning a blind eye to calls for spending cuts and seeking to expand into Latin America.		23.05.2012 16:57 15 comments Zuckerberg moneymoon soured by investor lawsuits Facebook co-founder Mark Zuckerberg’s honeymoon with Priscilla Chan may be overshadowed by the newly-weds’ company confronting lawsuits from angry investors.
21.05.2012 19:06 10 comments Facebook bubble begins to deflate? Facebook stock slumped as much as 13% at 9:50am EDT in a second day of public trading for the world's most popular social network, dispelling investors’ hopes for large initial increases and possible profits in the first days of Facebook trading.		21.05.2012 18:31 1 comment Microsoft seeks bigger share in Skolkovo hi-tech hub US software giant Microsoft is set to invest several dozen million US dollars into Research and Development projects at Russia’s Skolkovo hi-tech hub, according to officials at the innovation center.
21.05.2012 16:36 Air-France-KLM: Austerity job cuts coming? Air France-KLM has denied plans to slash 5,000 jobs by 2015 through a voluntary redundancy plan, as reported by the French daily Le Figaro.		18.05.2012 15:44 4 comments JPMorgan loss: Even worse than we thought? As the largest US financial firm by assets struggles to contain damage which has already cost it more than $25 bln in shareholder value, the Wall Street Journal has provided new details on the scope of JPMorgan’s losses.
15.05.2012 17:18 Russian social network offers credit for virtual gifts No money to buy a gift for a special social network friend? Borrow it online! Russia’s top social network Odnoklassniki outrivaled competitor sites by offering a brand-new paid service - buying gifts on credit.		11.05.2012 19:24 5 comments Russians launch mega share floats in London Major Russian companies are still demonstrating a preference for floating shares on foreign exchanges, despite the efforts of Russian authorities to turn the country into a global financial center and make the Micex-RTS exchange more appealing to invest
10.05.2012 20:10 1 comment Kartika Airlines puts 30 Superjets on hold An Indonesian air carrier has delayed the delivery of 30 Russian Sukhoi Superjet 100 aircraft following Wednesday’s plane crash, according to Indonesian media reports.		03.05.2012 01:23 20 comments FCC urged to revoke Fox News' license A watchdog group in Washington is telling the Federal Communication Commission that the hacking scandal plaguing Rupert Murdoch’s News Corp. is enough reason to revoke the media mogul’s broadcasting license in the States.
27.04.2012 12:51 1 comment Gazprom 2011 net profit jumps 35% Russian gas export monopoly Gazprom pleasantly surprised market analysts, reporting nearly $45 billion in net profit last year – a rise of 35 per cent, owed to growing gas production and strong energy prices.		25.04.2012 14:24 3 comments Russia’s LUKOIL starts Iraq drilling Russia’s oil major LUKOIL has started drilling operations at the West Qurna-2 oil field near the Iraqi port of Basra. The company targets 150,000 barrels daily production in 2013 to recover costs of the project.
24.04.2012 11:18 3 comments Facebook 1Q profit down ahead of IPO Facebook’s quarterly profits slip despite a surge in revenue, as the company boosted research and promotion expenses ahead of its IPO, which will be the biggest ever Internet stock market launch.		16.04.2012 21:04 1 comment Nokia: A bit better than junk Nokia’s debt has been downgraded to one notch above “junk” status by Moody’s as the troubled mobile-phone maker fails to stand up to the intense competition in the lucrative smart phone business.
16.04.2012 19:27 12 comments Rosneft, Exxon Mobil sign landmark deal to develop Arctic reserves Rosneft and Exxon Mobil have signed a partnership deal, which will see them work together to develop the Arctic's rich untapped reserves.		13.04.2012 21:55 1 comment Philippe Starck’s next monumental design: a new Apple TV? Apple is expected to unleash a product before the year’s end unlike anything they’ve ever released, and world renowned designer Philippe Starck has confirmed that he has been working close with the company on the item for the last eight years.
13.04.2012 19:31 6 comments Boeing to produce high security smart phones The skies seem not enough for Boeing as the aircraft maker is going into smartphone business. But don’t expect it in a neighbourhood store, the device will be for highly secure communications.		11.04.2012 20:37 26 comments Monsanto sued for poisoning farmers A lawsuit filed this week claims that the Monsanto corporation, "motivated by a desire for unwarranted economic gain,” knowingly poisoned farmers that were pressured to use the company’s chemicals.

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