Skip navigation.
 
Your Ad Here
Home
Tuesday
Sep 04

Business

Menu asks stores to remove pet food

Acting cautiously in the wake of rat poison being found in the pet food, Menu Foods Ltd. has decided to recall all brands irrespective of the date of manufacture. The company had earlier recalled 60 million cans of wet pet food in the U.S. last week.

GM bounces back into profit

General Motors Corp., the world's largest automaker, Wednesday it made a profit with its deferred fourth-quarter results. On account of improvement in its automotive business, the company reported a profit of $950 million, though it failed to hit estimates owing to the Mortgage loses.

Former Disney CEO bids for Topps

Madison Dearborn Partners LLC led by CEO John Canning will join former Walt Disney Co. CEO Michael Eisner to acquire Topps Co., maker of sports trading cards and Bazooka bubble gum. The deal is settled for $385.4 million.

EADS backs Airbus restructure

The board of Airbus parent, European Aeronautic Defence and Space Co., approved the Power8 restructuring plan after pondering over job cuts across four countries and work sharing for the new A350 programme.

BHP Billiton to return $10bln to shareholders, CEO to step down

BHP Billiton Ltd., the world's biggest mining company, is planning to return $10 billion ($A13 billion) to its shareholders through the buyback of shares after the profit touched a record owing to higher metal prices.

Apple Inc. & Apple Corps settle trademark tiff

Wrangling over the use of the Apple name and logo for more than 25 years, Apple Inc. will now own all of the trademarks related to “Apple” and will license certain of those trademarks back to Apple Corps for their continued use.

Michael Positions to Drive Dell Again

Sitting in his college dorm room some 23 years back, Michael Dell shaped one of the world’s biggest PC companies and today he stands with the authority to build again. Dell has ousted his successor, Kevin Rollins and will again take over as the chief executive officer to re-erect his business after it was reported that quarterly results will again miss targets.

Infineon bounces back into profit in Q1

Infineon Technologies AG, Europe's second-biggest maker of semiconductors managed to slim its operating loss as it reported its first profit in eight quarters owing to the increased demand for chips used in MP3 players and personal computers. Following strong demand shares also took a leap, jumping by more than 2.0 per cent on Monday.

YouTube plans revenue sharing with content providers

Stepping towards a revenue-sharing mechanism that would "reward creativity", people who upload their own films to video-sharing website YouTube will soon get a share of the ad revenue, YouTube co-founder Chad Hurley confirmed.

Wal-Mart strikes deal in OT Case

In the second-largest case of its kind, Wal-Mart Stores Inc. settled to pay more than $33 million to thousands of its employees who were shortchanged on overtime wages during the last five years. The case involves nearly 87,000 employees nationwide.

Syndicate content