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July, 26, 2016

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Business > Company Focus
Belgrade demolitions up fears of waterfront plans
For 26 years, Vladimir Markovic ran his family transportation business in the heart of Belgrade's Savamala district. Then, two months ago, it was demolished without warning overnight.
 
The CEO of coal giant Murray Energy said Thursday that company officials are doing their best to avoid the layoffs that 4,400 workers in six states were warned about in precautionary notices last month.
 
More than 500,000 hoverboards recalled after fires, burns
More than 500,000 hoverboards are being recalled after some of the motorized scooters overheated, burned riders and damaged property.
 
Samsung Electronics said Thursday that its second-quarter operating income jumped 17 percent over a year earlier to the highest quarterly profit in more than two years, as strong sales of its Galaxy smartphones drove profit growth in the mobile business.
 
AAA concludes many motorists are damaging engines with wrong gas
Many motorists are clogging their car's engine by not using gasoline with enough added detergents.
 
Wal-Mart in China faces employee protests over work schedule changes
Wal-Mart faces protests by employees in China over what they say is a drastic change in work schedules, as the company overhauls its struggling business amid an economic slowdown and competition from e-commerce.
 
French dairy giant Danone said Thursday it had reached a deal to buy U.S. organic foods producer WhiteWave Foods in an operation that values the U.S. company at US$12.5 billion.
 
Chinese conglomerate HNA on Thursday declared Thursday its US$1.5 billion offer for a Swiss airline catering company had been successful, after it lowered the minimum acceptance level for the deal to go through.
 
Two electronics giants, Sharp Corp. and Toshiba Corp., are planning to revive their business in the market of India, according to an Economic Times report.
 
You might be overpaying for streaming music
When Lauren Higgins tried to sign up for Spotify's premium plan on her iPhone, she was irked that the music service asked for US$13 a month, US$3 more than the gift subscription she had given her boyfriend.
 
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