Nokia is planning to lat off a large number fits staff globally as the company now preparing for the fifth-generation networks, said the company on Thursday. While no details on the actual number of employees that the company was looking to lay off was provided by it, according to Dow Jones Newswires, the lay offs would…
An increase in price of aircraft fuel and higher operating expenses saw a 49 per cent drop in the earnings of American Airlines Group Inc. (AAL) for the third quarter. However, the bottom line results still exceeded the estimates of Wall Street, the top line was lower than the consensus estimates. The announcement of the…
For General Electric, the manner in which it has been delivering dividends throughout its 119 tear old history has made the once dependable company proud. However that reliability has now dwindled for GE. But now the new boss of the company Larry Culp could be forced to cut the dividend because of the financial condition…
According to a warning issued by the United Kingdom’s ferry firm Stena Line, traders could bypass Great Britain and there could be an impact on food supplies in case of a no-deal Brexit. Ian Hampton senior executive at the global ferry operator said that there is “very little readiness” at ports and “anxiety is high”.…
According to a report in the BBC, an investigation by consumer group Which? has found that people are being offered free goods in exchange of positive product reviews by a section of online sellers. The representative of the organization conducting the investigation joined a number of “rewards for reviews” groups and was promised free items…
Even through Facebook claims that the social media platform has been hijacked by bad actors and that it is taking measures to mitigate the threat, the investors are not taking those assurances at face value. Compared to the high that it had hit in July, Thursday’s stock price of the company was 30 per cent…
Oil major ExxonMobil has come out in financial support of climate change in a very surprising and unconventional move. There have been accusations levelled against Exxon for quite many years of the oil major of being insensitive to climate change. The company announced a donation of $1 million – to be paid over two years,…
It was ten years ago that RBS had to be injected with £45bn bailout package that was funded by taxpayer’s money. But according to the head of the lender – Ross McEwan, it would take another decade for the bank to regain the lost reputation. It should however be noted that currently, the cash reserves…
A recent survey conducted on more than 1,000 Americans on the issue of cryptocurrencies has shown that bitcoins are majorly owned by large city based young men who are relatively well-off. The survey also found knowledge of bitcoin and cryptocurrencies exist among most people and are also able to explain their meaning to others. But…
Serious objections from some of the largest investors have forced Unilever to cancel its announced plan to shift the headquarters of the company from the United Kingdom. The planned change “has not received support from a significant group of shareholders”, said the consumer goods multinational on Friday. The company had announced in March last this…
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