December 4, 2014 8:40 am
Honda Motor Co.s Executive Vice President for North America – Rick Schostek revealed that the company will expand its US campaign of driver-side air bag withdrawals manufactured by its supplier Takata Corp. The recalls will be expanded in all 50 states of the country, after the auto maker was put under significant pressure by federal […]
Read moreDecember 3, 2014 3:00 pm
The Japan-based airbag producer and supplier Takata Corp. is currently facing the anger of the car safety regulatory authorities in the U.S. after the company rejected their demand to expand its air-bag withdrawals and make them not only regional, but also country-wide. Deputy Administrator David Friedman revealed in an e-mailed announcement that the companys response […]
Read moreDecember 3, 2014 10:32 am
Deutsche Lufthansa AG revealed that the pilot strike, which started on December 1st, will be staged once more on Thursday – December 4th, only two days after the end of the previous one. The strike that was carried out earlier this week affected around 150 000 passengers by leading to the cancellation of about 1 […]
Read moreDecember 3, 2014 8:33 am
The third-biggest wireless carrier in the U.S., Sprint Corp., is entering a fierce price war with its major competitors Verizon Communications Inc. and AT&T Inc., as it revealed its intentions to reduce customer bills by 50% for those clients, who switch to its services from the carriers larger rivals. The U.S.-based company also said that […]
Read moreDecember 2, 2014 10:25 am
Wal-Mart Stores Inc. said that it plans to cut 250 positions in China in an attempt to improve its efficiency. A spokesman of the U.S.-based company, Ray Bracy, said in a phone interview today that the lay-offs will be mainly in the companys merchandising and marketing units. Mr. Bracy said in a statement, cited by […]
Read moreDecember 2, 2014 8:57 am
Intel Corp., the biggest chip manufacturer, said in a statement that it bought Canada-based startup PasswordBox Inc to boost its Internet security offerings at a time when customers are becoming more concerned about their personal data in the light of recent breaches. The acquisition took immediate effect. As reported by eWeek, the senior vice president […]
Read moreDecember 2, 2014 8:26 am
The Chief Executive Officer of Tesco Plc, Dave Lewis, is to take control of the domestic business of the company. The U.K.-based retailer has been faced with difficulties, including overstated earnings forecasts. The change in Mr. Lewis responsibilities is scheduled to take effect in January 2015. The company said in a post on its website […]
Read moreDecember 1, 2014 2:52 pm
Samsung Group revealed its annual management changes at its divisions today. The group said that its top executives at Samsung Electronics Co. will be left intact at their current positions, as the company has recently been trying to swing back to profit again. Claire Kim, an analyst at Daisin Securities Co., commented on the companys […]
Read moreDecember 1, 2014 10:24 am
Altice SA announced that it has started exclusive negotiations to acquire the Portuguese assets of Oi SA. The price of the deal is estimated to about €7.4 billion ($9.2 billion). The bid of Mr. Patrick Drahis company is considered to fend off a competitive acquisition offer made by Apax Partners LLP and Bain Capital LLC. […]
Read moreDecember 1, 2014 9:13 am
The pilots union said in a written statement that pilots at the largest airline in Europe, Deutsche Lufthansa AG, are expected to go on strike. The walkouts come after the failure of the retirement benefits negotiations and will ground more than 1 000 passenger flights and some cargo transport out of the country on December […]
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