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Corporate news

'Lost trust': Reddit chief apologizes to moderators for abrupt firing
Reddit CEO Ellen Pao has issued an apology for the dismissal of the social media site's director of talent, a popular figure with the Reddit moderators who subsequently shut down hundreds of discussion forums in protest.

06.07.2015 21:09

Unemployment rate falls in June as nearly 40% of Americans opt out of workforce
The US government released its monthly jobs report for June showing the unemployment rate falling to a seven-year low. However, analysts say the picture may be deceiving, as labor participation also dropped to a 38-year-low for those 16 and older.

02.07.2015 22:33

Buy American… Kalashnikovs: US-made Russian rifles now on sale
After a year of sanctions-imposed scarcity, Americans will finally be able to purchase Kalashnikovs. The Pennsylvania-based Kalashnikov USA announced it will sell several models of the iconic Russian rifles and shotguns, manufactured in the US.

01.07.2015 14:02

Mayoral race: Galloway & Keiser vow to tackle financial crime in City of London
London mayoral hopeful and former MP George Galloway joined financial commentator and RT host Max Keiser on Wednesday to highlight rampant corruption and white collar crime in the City of London.

01.07.2015 16:37

Flooding, heatwaves forecast unless UK urgently tackles climate change
Britain must take more action to prepare for the effects of climate change and introduce more structured planning rather than focusing on mitigating the results of catastrophes, a new report has warned.

30.06.2015 10:30

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