A drop in the sugar business of a parent company has been offset by the success of a discount store. This is what has happened with Primark – the discount store, and its parent company Associated British Foods. In the past financial year, ABF has registered growth in revenues and profits and has avoided a…
One of the largest gaming companies in the world owned by Tencent Holdings wants to react to the increasing government pressure and criticism on the issue of negative influence of prolonged exposure of children to video games and plans to make use of police data to identify minors and prevent them from spending long hours…
According to the industry research firm Counterpoint, iPhone maker Apple is set to record its first yearly drop in of its iconic smartphones in the Indian market in the last four years. The research firm also predicted that this would be because of a fall in the sale of iPhones in the fourth quarter of…
According to the CEO of a location discovery platform Foursquare, Jeff Glueck, there are very few companies in the world who can take on the capabilities of the company. Foursquare is a firm that uses its huge data base for private users for offering personalized recommendations. “Other than Google and Facebook, we are the Switzerland,”…
Based on concerns of a recued competition in the steel manufacturing market in Europe, an in-depth investigation into the proposed formation of a joint venture between Tata Stee of India and Germany’s ThyssenKrupp, has been launched by the European Union earlier in the week. The venture that would be created by the merger of the…
Following the revelation of a an expanded federal accounting probe, coupled with disappointing third quarter results saw the share price of General Electric drop to their lowest in nine years. During the announcement of its third quarter results, the first since the taking over of the new chief executive officer Larry Culp, the company announced…
While a major section of the global auto industry and some of the major tech companies are engaged in a race to develop technologies for autonomous vehicle, US auto maker Ford Motor Co and Chinese tech company Baidu Inc has also jointly entered the race. Both the company on Wednesday announced the launching of two…
Apple Inc. upgraded some of its products that had not had an update for years in a recent event held in New York. The iPhone maker introduced some of the features of its iconic iPhone such as including adding iPhone features like facial recognition to the iPad Pro and increasing the processing power and better…
Higher sale of the sugar free sodas and vitamin waters of Coca-Cola, as reported in its financial results for the third quarter, indicates that the measures that one of the largest soft drinks company has taken to address the changing consumer tastes has been successful. The company posted a better than expected revenue and profit…
There is little to be worried about the quality of audits of firms operational in China, believes the chief executive of one of the four largest accountancy agencies of the world. The quality of the auditing done by Earnest & Young (EY) in on companies in China is not something that makes the Global Chairman…
