Companies & CEOs
Deutsche Bank to Cut Costs and Close 200 Branches - 04/27/2015
Deutsche Bank is going to place Postbank’s shares in the IPO and expects to completely separate this division by the end of 2016. The largest financial market participant in Germany Deutsche Bank is going to close 200 branches around the world by 2017, thereby reducing operational costs by 40 percent. It is reported by Deutsche Welle with reference to the official press release of the bank. There...
Statoil To Support Carbon Taxation While Arriving At Cost Reduction - 04/25/2015
The C.E.O of Statoil, a giant Norwegian oil company, Mr. Eldar Saetre, talks about his aims of reducing carbon emissions. He is for the carbon taxations. Furthermore, he strives to combine cost reduction with that of decreased carbon emissions. Thestrategist.com – 24 April 2015 – The Norwegian oil-company, Statoil, has appointed Eldar Saetre in the post of C.E.O, who has been the former C.F.O of...
Aitoro Airplanes Bags The First ‘Green Business Designation’ Award In The City - 04/25/2015
Norwalk’s Aitoro Airplanes receiving the first “Green Business Designation” award in the city, inspires the entire city to walk in the same footsteps creating more “environmental footprints”. Norwalk, Fairfield County, U.S. – 24 April 2015 – Chris Bosak, a staff writer of the hour, informs that Aitoro Airplanes has won the “Green Business Designation by Live Green CT”. The said company is the...
Xiaomi expects triple revenue this year - 04/25/2015
Chinese smartphone maker Xiaomi Corp. is expecting revenue to triple this year, thanks to games and payment apps. The company that has been selling its smartphones at competitive prices to penetrate a market skewed at more than 50% to Samsung and Apple, is looking at results of the long wait, according to an interview by Xiaomi’s founder and chief executive Lei Jun to the Wall Street...
Apple Watch debuts at luxury retailers - 04/24/2015
Technology company Apple’s new trophy product, Apple Watch is released to select customers who pre-ordered the device. According to analyst records, nearly 1 million watches have been released to the company’s devout customer base through a pre-order process. The smartwatch that starts at $350 is not available at the Apple stores and could be bought only from luxury retailer in Los Angeles,...
United States' Largest Bank to Abolish Cash - 04/24/2015
For quite a long time talks about abolition of cash were wandering around America. Of course, this issue is very delicate and painful, so the media rarely discussed it, but now it has leaked in real life. Until now, the war against the cash was conducted almost exclusively by national governments and official international organizations, but now they have a powerful ally. As it became known, one...
Chinese Mercedes Manufacturer Got Fined $ 56.5 Million - 04/23/2015
Chinese branch of Daimler, which produces Mercedes cars, was fined 56.5 million dollars for violating antitrust laws. The fine was imposed because the automaker has forced dealers to set minimum prices for some cars and parts. This, in particular, relates to S- and E-class automobiles. Daimler was found guilty of violation of free competition in the auto market in August, but only eight months...
Lowe's under scutiny for usage of toxic chemical in floorings - 04/23/2015
After Home Depot, environmental and health activists are forcing home improvement store Lowe Co’s to stop selling flooring laminates which has a potentially toxic chemical in it. While Home Depot, world’s largest home-improvement chain has announced today that it would stop selling vinyl laminates with phthalates by the end of the year, Lowe’s has still not made any declaration on this matter....
McDonald's Loses Profits due to Failure in the East - 04/22/2015
The world's largest fast-food chain McDonald's Corp reported a decrease in revenue in the first quarter by 11% compared with a year earlier. Net profit for the period decreased by 32.6%. As noted in McDonald's press release, the deterioration of the financial results are associated with scandals on products quality in China and Japan’s restaurants of the chain, as well as the high level of...
Walmart to cut management layer in US stores - 04/22/2015
World’s largest grocery retail chain Walmart is planning to take away a layer from its in-store management to simply its operations. According to Wal-Mart spokesman Kory Lundberg, the company will eliminiate the role of zonal manager across its 4500 store locations in the US. This move by the company will affect around 14,000 employees. The company began notifying employees of the...
