Nestlé's Maggi Noodle Makes A Happy Return To Indian Shelves This Diwali After Successful Testing
Nestlé Maggi Noodle which was a top favourite in India was recalled by virtue of a court order in early 2015 for detecting high levels of lead beyond the permitted levels. Nestle recovered ground by having their products tested by an independent laboratory and petitioned to the court for a judicial review.
Nov 10, 2015 4:26 AM EST
Retailers bracing up for big holiday season; hiring in full swing
The US retailers are upbeat about the forthcoming big holiday season and have started hiring people on a part-time basis. The world's largest retailer Amazon is planning to recruit almost 100,000 staff.
China’s Anbang insurance to acquire US insurer Fidelity & Guaranty Life in a $1.6 B deal
China insurance group Anbang will acquire US insurance provider Fidelity & Guaranty Life. The $1.57 billion deal aimed to expand China insurance in the global market.
Banana Republic sales drop hits Gap Inc's stock on Wall Street
The US-based clothing retailer Gap Inc shares turned volatile following the sales drop in its brands the Banana Republic and Gap. In addition to a weaker forecast of earnings, a lower than previously predicted, have dampened the business confidence and put more pressure on the stock.
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Ford to invest $9B in US plants
Ford has reached an agreement with United Auto Workers (UAW). As part of the agreement with the labor union, Ford is investing $9billion in US plants. Ford will develop new models and relaunch Ford Bronco and support Ford Ranger as well.
Nov 10, 2015 3:03 AM EST
“Bank of Mom and Dad” offers solution for millennials to buy a home
The millennial generation might found its hard to start buying a home. But the "Bank of Mom and Dad" can be the preferable solution for millennials to own a home instead of traditional banks.
Nov 10, 2015 3:01 AM EST
Markets upbeat on Monte Paschi bank's higher capital
The common equity tier-I ratio of Italian bank Banca Monte dei Paschi di Siena SpA rose to 11.7 percent from 10.7 percent. The derivatives transaction with Nomura Holdings was the prime reason for surge in bank's capital.
Nov 10, 2015 2:53 AM EST
Investcorp buys hedge fund of SSARIS
Bahrain-based Investcorp Bank has bought hedge fund business of the US-based SSARIS Advisors. With the acquisition, Investcorp aims to double its assets under management over next seven years. The Bahrain's bank will also get clients from the US, Asia and European markets.
Nov 10, 2015 2:13 AM EST
Boeing, Tata team up to make Apache fuselages in India
Boeing and Tata group firm forged an alliance by setting up a joint venture (JV) for manufacturing fuselages for AH-64 Apache attack helicopters in India. The growth potential in Indian aviation sector is attracting global majors. The JV will set up center of excellence (CoE) and initially make aero structures for AH-64 helicotpers.
Nov 10, 2015 12:37 AM EST
The new accurate way to measure the world’s wealthiest countries
New World Wealth reported the lists of wealthiest countries in the world using its new method which is said to be more accurate than commonly used GDP method.
Nov 10, 2015 12:35 AM EST
Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017
Crisis-hit Greece economy is expected to witness recovery next year and a possible GDP growth rate of 2.7% in 2017, according to the latest report from IMF.
Nov 10, 2015 12:30 AM EST
UK parents want to keep Santa Claus real; hits PayPal's holiday ad
UK Parents launched an attack on a PayPal Xmas ad that suggests that kids already know their gifts come from their parents and that in turn takes away the existence of Santa Claus - and the magic of Christmas.
Nov 10, 2015 12:28 AM EST
Snapchat video reaches 6 billion views a day
Photo messaging app Snapchat said its video views has reached 6 billion counts every day. It will give a strong competition with Facebook with its 8 billion views per day.
Nov 10, 2015 12:17 AM EST
New Mazda MX-5 offers sheer enjoyment of driving
The new 2016 Mazda MX-5 has been raking in plenty of positive reviews. It was also voted by journalists as the star of the show during the current Miami auto show.
Nov 09, 2015 11:07 PM EST
Opera's Max Data-Savings App to be Pre-Installed On14 OEMs
Opera's new data-management app Opera Max will be pre-installed into phones from 14 OEMs to 100 million Android phones by 2017.
Nov 09, 2015 10:58 PM EST
Euro Group Meeting And Agreement To Fund Greece
France wants euro zone finance ministers to reach an agreement on non-performing loans at Greek banks at a meeting in Brussels later this Monday.
Nov 09, 2015 10:46 PM EST
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