Result Page 83 for Staff Writer

Articles by Staff Writer

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Kuwait's Zain telecom giant dials in margin push investment

Kuwait telecom major Zain has decided to invest in technology firms that add valued to its services. The telecom company is focusing on online ads, smart city projects, and television services. It has decided to repackage its data services to enhance revenues.

Sep 15, 2015 10:06 AM EDT

Ex-Hyundai CEO John Krafcik joins Google Self-Driving Car project as chief executive

John Krafcik, a former boss from Hyundai Motors, and the current president of TrueCar was hired by Google to serve as the company's CEO on its self-driving car project.

Sep 15, 2015 10:02 AM EDT

Nintendo named Tatsumi Kimishima as the new president

Nintendo had appointed a new president following the death of Satoru Iwata two months ago. It was unexpected that the company picked Tatsumi Kimishima from Nintendo's Human Resources Division. But Kimishima had served in various departments before he was appointed to the role.

Sep 15, 2015 10:01 AM EDT

Is Jeb Bush really anti-Wall Street?

Jeb Bush, the Republican contender for US President position, is for lower tax rates, while promising for eliminating 'carried interest' of the rich and influencial people in the US corporate sector. Economists and election analysts consider this is an effort get an image among blue-color voters. In reality, Bush's plans help the rich indirectly, analyse the economists.

Sep 15, 2015 10:00 AM EDT

BHS secures GBP 65M loan for a 2-year turnaround lifeline

The ailing BHS has secured a loan for its revival plan. It'll use the funds to strengthen business operations, open new stores and rebrand itself from BHS to British Home Stores. Recently BHS was sold to a group of financiers.

Sep 14, 2015 9:55 AM EDT

Mark Zuckerberg to host Facebook Townhall Q&A with Indian Prime Minister Narendra Modi

Mark Zuckerberg will host its second Townhall Q&A discussions with India's Prime Minister Narendra Modi. It will be held on Facebook HQ in Menlo Park, California on September 27th.

Sep 14, 2015 9:51 AM EDT

China unveils details of state-firm reforms as growth sputters

New state firm reformed announced by Chinese authority on Sunday will see the firm being integrate in fewer firm. Through the reform, state-firm will also be given freedom to attract private investors into the firm.

Sep 14, 2015 9:50 AM EDT

Oil Search Ltd rejects $8B takover offer by Woodside

Australian oil major Oil Search Ltd has rejected the $8B takeover bid from Woodside Petroleum. Oil Search's board viewed the takeover offer as low price translating into lower valuation of the company and it doesn't serve shareholders' interests.

Sep 14, 2015 9:43 AM EDT

Airbus says U.S. factory will be world's most efficient

AIrbus will officially opened its $600 million plant in Mobile, Alabama. The plant will be the most efficient that the company ever build in an effort to rival Beoing production and growing their presence in the United States.

Sep 14, 2015 2:17 AM EDT

Germany's Tele Columbus agreed to buy Pepcom for €608M

Germany's leading cable provider, Tele Columbus and Pepcom, had agreed to consolidate on Sunday for €608M. The acquisition is set to be completed in April of 2016.

Sep 14, 2015 2:05 AM EDT

Macquarie Group’s expected profits to surge 40% in H1

Macquarie Group's expected profit for the first half could surpass the analysts' projections. The drop in Australian dollar and rise in asset management revenues will help the Group to come out with encouraging results to be announced on 30 October.

Sep 14, 2015 2:05 AM EDT

Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B

Vista Equity Partners together with Goldman Sachs and Koch Industries offers to buy Solera Holdings Inc for a total of $6.5 billion including net debt. The deal will also see Vista buying the company's share at $55.85 per share in cash making it as the biggest acquisition for the firm.

Sep 14, 2015 2:03 AM EDT

Next Plc beats profit forecast; raises wages

UK retailing major Next Plc recorded better than forecast profits for the first half of 2015. Stronger British pound and encouraging performance of its buying teams helped the company post a better results than its peers in the industry. The company has also announced wage rise falling in line with new UK's National Living Wage act.

Sep 14, 2015 2:00 AM EDT

Social security strategies for singles - these are friends with real benefits

If you are single and never been married with or without dependents, you will want to get the most out of your Social Security. There are strategies that are beneficial to single folks such as delaying their filing to increase retirement benefits.

Sep 14, 2015 1:59 AM EDT

Cage-free eggs for McDonald's in a decade

In about 10 years, consumers of McDonald's will eat eggs lain by free-roaming chickens. This is good news for hens and animal welfare groups but will costs more to egg suppliers.

Sep 14, 2015 1:56 AM EDT

Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region

Iran provided good news by reducing the price of its crude oil being sold to Asia come October. Iran is trying to win back its market share in the oil industry competing with other OPEC members, specially Saudi Arabia.

Sep 14, 2015 1:53 AM EDT

Rose Gold iPhone makes its debut

The rose gold color has been revived by Apple with its iPhone 6s giving the efficient smartphone its simple but sophisticated color. Rose gold is the trending color from interior designs to jewelries.

Sep 14, 2015 1:49 AM EDT

Nestlé’s Nespresso provides bigger cups of coffee for Americans

Switzerland is welcoming another Nespresso plant to be situated in Rosmont to cater to America's preference for bigger cups of coffee. It will be the only Nespresso plant to produce pods for VertuoLine to boost more sales in the U.S.

Sep 14, 2015 1:48 AM EDT

Twitter's Periscope adds landscape mode, broadcast options and Facebook sharing

Twitter's live streaming app, Periscope, updates its features. That includes broadcasting in the landscape mode, broadcast privacy options and Facebook sharing.

Sep 14, 2015 1:47 AM EDT

Australian dollar recovers as unemployment figures went down

Australia is one of the countries being hit by the global economic turmoil. Now, it is beginning to recover as many businesses hire more employees resulting in the decrease of unemployment rate making the Australian dollar regains its strength.

Sep 14, 2015 1:47 AM EDT

German industrial output gains points, most intense in July

The German industry is beginning to cope up from the previous months of economic slowdown. More goods are now produced, creating more jobs and dropping the rate of unemployment.

Sep 14, 2015 1:43 AM EDT

Apple takes a bite at the enterprise segment

Apple’s latest moves are suggesting that the giant tech company is redesigning itself to penetrate the business and enterprise IT.

Sep 14, 2015 1:42 AM EDT

Stephen Colbert's The Late Show interview with Uber CEO interrupted by cabbie protesters

Stephen Colbert's The Late Night Show interview with Uber CEO Travis Kalanick was interrupted when two cabbies yell at the audience protesting how the CEO is killing the taxi industry.

Sep 14, 2015 1:38 AM EDT

China deflation feared as producer prices fall anew

Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.

Sep 14, 2015 1:36 AM EDT

Serbia cuts rates for 2nd time this month

Serbian's central bank slashed interest rate for the second month in a row. Though it was on expected line, but the suddent announcement surprised everyone. The move aimed at strengthening economy growth. the GDP growth rate is at low ebb, but it's recovering from the previous year's contraction.

Sep 14, 2015 1:35 AM EDT

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