World

Facebook Announces Marketplace Launch In 17 European Countries

Posted by Eileen French on Aug 15th, 2017 // No Comments

Facebook Inc. (NASDAQ:FB) is expanding its Marketplace service to 17 new European markets. The service is being rolled out to Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy,...

France To End Sales Of Gas And Diesel Vehicles

Posted by Eileen French on Jul 7th, 2017 // No Comments

France has announced that it aims to end the sale of gasoline and diesel cars in the country by 2040. The announcement was made by Nicolas Hulot, the French environment minister. Mr. Hulot said that the government would make...

Sears Canada Announces Store Closures, Job Cuts

Posted by Eileen French on Jun 24th, 2017 // No Comments

Sears Canada Inc. (NASDAQ:SRSC) has sought court protection from its creditors so it can eliminate nearly 3,000 jobs and close 59 stores. The company secured protection from Ontario Superior Court under the Companies’ Creditors...

Exxon Mobil Loses Fight Over Climate Change Assessments

Posted by Eileen French on May 31st, 2017 // No Comments

Exxon Mobil (NYSE:XOM) investors have voted to require the oil giant to report on the impact of global measures designed to limit climate change at the annual meeting Wednesday. The resolution was introduced by the New York...

Goldman Sachs Investment In Venezuela Sparks Criticism

Posted by Eileen French on May 30th, 2017 // No Comments

Goldman Sachs Group’s (NYSE:GS) recent purchase of $2.8 billion in Venezuelan bonds has resulted in the company having to defend its actions. The bonds were issued by state oil company Petróleos de Venezuela SA in 2014...

Fiat Chrysler Facing Lawsuit Over Excess Diesel Emissions

Posted by Eileen French on May 23rd, 2017 // No Comments

The U.S. Department of Justice is filing a civil suit against Fiat Chrysler (NYSE:FCAU) for violating the Clean Air Act. The DoJ released an announcement Tuesday stating that they will be filing the lawsuit against the company....

Ford Planning 10% Reduction In Workforce

Posted by Eileen French on May 16th, 2017 // No Comments

Ford Motor (NYSE:F) is reportedly making plans to cut about 10 percent of its workforce around the world. Worldwide, the company employs about 200,000 people, so 10 percent comes out to about 20,000 potentially lost jobs. The...

Thermo Fisher Reveals Plans To Buy Patheon

Posted by Eileen French on May 15th, 2017 // No Comments

Biotech company Thermo Fisher Scientific Inc. (NYSE:TMO) has announced its intentions to buy Dutch drug-ingredients maker Patheon NV (NYSE:PTHN) for $7.2 billion. The deal’s value includes approximately $2 billion of net...

Microsoft Blames Spy Agencies For Ransomware Attack

Posted by Eileen French on May 15th, 2017 // No Comments

Microsoft (NASDAQ:MSFT) is blaming government agencies for a massive, new ransomware attack that affected hundreds of thousands of computers around the globe. The WannaCry – or WannaCrypt/WanaCrypt – malware locked...

Jimmy Choo Looking For Buyers

Posted by Eileen French on Apr 24th, 2017 // No Comments

Luxury shoe brand Jimmy Choo (LON:CHOO) announced Monday that it was putting itself up for sale. Jimmy Choo became famous for its stiletto shoes and accessories and its fans have included the late Princess Diana and “Sex...

ExxonMobil Requests Waiver From Russia Sanctions

Posted by Eileen French on Apr 20th, 2017 // No Comments

ExxonMobil (NYSE:XOM) has asked the U.S. Treasury Department for permission to bypass sanctions on Russia. A waiver would allow Exxon to resume its joint venture with Russian oil giant Rosneft. The financial incentives for Exxon...

Barclays Issues Reprimand To CEO Over Actions Against Whistleblower

Posted by Eileen French on Apr 10th, 2017 // No Comments

Barclays (NYSE:BCS) Chief Executive Jes Staley has been reprimanded by the firm’s board for attempting to uncover a whistleblower’s identity. Barclays grants whistleblowers anonymity to prevent any retribution for their...

Uber Ending Service In Denmark After Rules Change

Posted by Eileen French on Mar 29th, 2017 // No Comments

Uber has announced that it will be ending service in Denmark. The company cited “unworkable” changes to local taxi rules for its decision to pull out of the country. Uber said in a statement that it would shut down its services...

Amazon Turns Focus To Middle East With Souq.com Deal

Posted by Eileen French on Mar 28th, 2017 // No Comments

Amazon (NASDAQ:AMZN) has made a deal to acquire Souq.com, the largest online marketplace site in the Middle East. Amazon will buy 100 percent of the Middle East online retailer, executives from both firms said. The value and...

Disney Scores Big With ‘Beauty And The Beast’ Remake

Posted by Eileen French on Mar 20th, 2017 // No Comments

Disney’s (NYSE:DIS) Beauty and the Beast has set a new box office record. Disney’s live-action remake of the beloved 1991 animated classic averaged $40,380 per location from 4,210 theaters on its opening weekend, reaching...

Mexico Axes Tariffs As Part Of NAFTA Negotiations

Posted by Eileen French on Feb 27th, 2017 // No Comments

Mexican Economy Minister Ildefonso Guajardo has announced that his country will walk away from the NAFTA negotiations if the U.S. puts a tariff on products from Mexico. During the presidential campaign last year, then-candidate...

Amazon Increasing Its European Workforce By 30%

Posted by Eileen French on Feb 20th, 2017 // No Comments

Amazon (NASDAQ:AMZN) has pledged to create 15,000 new full-time jobs across Europe by the end of 2017. Amazon said in its statement, “These employees will be working on global customer innovations like Alexa, Prime Air, Prime...

Shell Announces Sale Of Oil Fields

Posted by Eileen French on Feb 1st, 2017 // No Comments

Royal Dutch Shell Plc (NYSE:RDS.A) has announced that it will be selling of some of its fields in the North Sea to Chrysaor Holdings Ltd. for about $4 billion. Shell has also inked a deal to sell its stake in an offshore Thai...

Facebook Testing Fake News Filtering In Germany

Posted by Eileen French on Jan 17th, 2017 // No Comments

Facebook (NASDAQ:FB) has announced that it will begin testing its fake news filtering system in Germany. The company said it began testing a similar filter that would allow users to report fake news in the United States last...

Boeing Makes $22B Deal With SpiceJet

Posted by Eileen French on Jan 13th, 2017 // No Comments

Boeing (NYSE:BA) has inked a $22 billion deal with Indian budget carrier SpiceJet to sell the company 155 airplanes. The deal renegotiates old orders for 55 planes and includes options for 50 more, including wide-body aircraft....

McDonald’s Agrees To Sell Most Of China, Hong Kong Business

Posted by Eileen French on Jan 9th, 2017 // No Comments

McDonald’s Corp. (NYSE:MCD) has agreed to sell the bulk of its China and Hong Kong business for up to $2.1 billion in a 20-year deal. The deal will form a new company that will link McDonalds with Chinese company CITIC...

New McDonald’s Opens Near Vatican Amid Controversy

Posted by Eileen French on Jan 3rd, 2017 // No Comments

Last week, a new McDonald’s (NYSE:MCD) opened just outside Vatican City, 100 yards from the holy state, home of the Pope. The restaurant is located in the Roman district of Borgo, at the corner of Borgo Pio and Via del Mascherino....

Hyundai & Kia Optimistic For 2017

Posted by Eileen French on Jan 2nd, 2017 // No Comments

South Korea’s largest automakers Hyundai Motor Co. and its affiliate Kia Motors Corp. have expressed optimism for the coming year, with both saying that they plan to expand production and increase sales. The companies forecast...

Apple Wins Holiday Season Smartphone Sales

Posted by Eileen French on Dec 28th, 2016 // No Comments

Apple (NASDAQ:AAPL) has dominated holiday season smartphone sales once again. Flurry Analytics estimates that the company captured 44 percent of device activations during the Dec. 19 to Dec. 25 period. Samsung followed at 21...

Boeing Contract With Iran Worth Half Of Stated Amount

Posted by Eileen French on Dec 26th, 2016 // No Comments

Iran has announced that it has negotiated a great discount on its contract with Boeing Co. (NYSE: BA), agreeing to pay roughly half the listed amount for the aircraft ordered. Iran Air has a contract with Boeing to purchase...

Facebook Under Fire In Europe Over Whatsapp Deal

Posted by Eileen French on Dec 21st, 2016 // No Comments

Facebook (NASDAQ:FB) is facing accusations in Europe that it misled regulators to receive regulatory approval for its $19 billion purchase of internet messaging service WhatsApp. Margrethe Vestager, Europe’s competition chief,...

Germany Takes On Facebook And Fake News

Posted by Eileen French on Dec 20th, 2016 // No Comments

Facebook’s (NASDAQ:FB) “fake news” problem may be about to cost the company a lot of money in fines. German politicians are considering a law that would fine the company €500,000 ($519,525) for each false news...

Apple Takes On EU In $14B Court Fight

Posted by Eileen French on Dec 19th, 2016 // No Comments

Tech giant Apple (NASDAQ:AAPL) is gearing up to battle the European Commission in court over a $14 billion tax charge. This week, the company is reportedly launching a legal challenge over a ruling that found it owed roughly...

Obama Administration Blocks Raytheon Sale To Saudi Arabia

Posted by Eileen French on Dec 14th, 2016 // No Comments

The White House has decided to limit arms sales to Saudi Arabia, directly targeting a sale by Raytheon Co. (NYSE:RTN). The administration has made the decision to block the sale of about 16,000 guided munitions kits by Raytheon...

Brexit Reduces UK Wealth By $1.5 Trillion To Date

Posted by Eileen French on Nov 22nd, 2016 // No Comments

Voting to leave the European Union has cost the UK greatly, according to the latest Global Wealth Report from the Credit Suisse Research Institute. According to the report, around $1.5 trillion (£1.2 trillion) in household...

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