Tuesday, November 26, 2013
Global retail titan Wal-Mart Stores on Monday tapped Doug McMillon, a company veteran who heads its international operations, to replace chief executive Mike Duke when Duke retires early next year.
Royal Bank of Scotland faced more damage to its reputation on Monday after the government handed regulators a report claiming that the state-rescued lender forced small firms to default.
Shares of the Indian units of U.S. pharmaceutical firms Pfizer and Wyeth soared Monday, after the pair approved a merger plan which would create India's ninth largest drug company.
Power plant operator and oil refiner Essar Energy Plc. reported a 7-percent decline in first-half core earnings as the impact of a weak rupee offset higher margins at the India-focused company's key Vadinar refinery.
French pharmaceutical group Sanofi is looking to make annual acquisitions of up to 2 billion euros to boost its priority sectors, managing director Chris Viehbacher told Monday's Le Figaro newspaper.
Jaguar Land Rover plans to build a US$500 million manufacturing plant in Brazil, the O Globo newspaper reported Sunday.
Monday, November 25, 2013
Fisker Automotive, whose high-end electric cars caught the eye of Justin Bieber and other celebrities, has filed for bankruptcy protection. The California-based company also announced it had entered an asset purchase agreement with Hybrid Tech Holdings, LLC.
Sunday, November 24, 2013
Boeing advised airlines on Friday about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric, urging 15 carriers to avoid flying them near high-level thunderstorms.
Microsoft on Friday crowed that more than a million Xbox One consoles were snapped up within 24 hours in 13 countries after hitting shelves for the first time in the morning.
Saturday, November 23, 2013
The Investment Commission (投審會) yesterday announced that it has approved seven overseas investment bids valued at about US$153 million.