Companies & CEOs
Volkswagen to Attain Top Position in Global Automobile Industry - 03/13/2015
Volkswagen is expected to overtake Toyota and become the largest automaker worldwide in 2015. Volkswagen’s Chairman and CEO Martin Winterkorn is about to accomplish his ultimate goal of making the company, world’s top automaker. Volkswagen has established its top position in China, which will serve as the most vital driver for its growth. With a significant annual production of nearly 3.7 million...
Alibaba invests $200 million in Snapchat - 03/13/2015
Chinese e-commerce group Alibaba Group Holding Ltd. has invested $200 million in US-based app company Snapchat Inc. The Chinese giant which went public last September with the world’s largest IPO at $25 billion, is increasingly looking at US-based companies to invest in. The company’s list includes app search engine Quixey, messaging service company Tango and the mobile game developer Kabam....
Wal-Mart Game Changing Move Against Rival Retailers - 03/12/2015
Wal-Mart has taken a remarkable step to increase wages for its 500,000 employees. Wal-Mart Stores started experimenting with its business model under the leadership of former CEO Mike Duke. However, his insignificant efforts were unable to turn the tide. Doug McMillon, who became the new CEO of the company in 2014, is expected to adopt aggressive strategies to boost Walmart’s growth. His...
Two of Large Banks Failed Stress Test - 03/12/2015
Four from among the largest banks in the US barely passed the stress tests of the Federal Reserve System (Fed) in 2015, and two units of foreign banks failed them. Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Morgan Stanley have been allowed to return profits to shareholders only after adjusting their initial requests to ensure that their capital levels remain above the minimum...
Zuora get additional funding of $115M - 03/12/2015
Zuora got pumped by an additional $115M thanks to investor confidence in its subscription as-a-service based business model which, is emerging as the way for conducting small and large scale business operations. Being a global leader in the billing and subscription commerce model of the new economy, Zuora, lends a helping hand to industries wanting to cross over from the old model to a newer...
Tidjane Thiam Quits Prudential For Swiss Bank, Credit Suisse - 03/11/2015
CEO of Prudential, UK’s biggest saving and investment group will take top job at Credit Suisse CEO Tidjane Thiam’s resignation from Prudential is a move towards taking the top job at insurance giant, Credit Suisse. An Ivorian who completed his studies from Paris, joined Prudenial in 2007 and within just 2 years succeeded Mark Tucker as a CEO. The announcement of his departure was made at the time...
Virgin Atlantic on the Rise - 03/11/2015
With the support and assistance of its partner, American Airlines Delta, the brainchild of Richard Branson managed to earn 14.4 million pounds in operating profit for the year, reports Financial Times. Virgin Atlantic Chief Executive Craig Kreeger said that over the next three years, the airline is expected to reach 100 million pounds of annual profits with effective fuel economy schemes and...
PayPal acquires CyActive for $60M - 03/11/2015
PayPal adds Israeli cyber security startup CyActive to its kitty. With CyActives predictive analytics, it hopes to protect and create a safe environment free from current and future cyber attacks.Sounds too good to be true? Well PayPal bet $60M on it. It is so refreshing to hear that a service that is widely used worldwide improves its security features. Somehow the news tastes even sweeter, when...
NSA: Courting trouble - 03/11/2015
Following the Snowden disclosures, the NSA has been dragged to the district court of Maryland by ACLU. Although it had done the same in the past, the case was dismissed for want of evidence that they had been spied on. Following the damning disclosures by Edward Snowden on the extant of intrusive surveillance by the National Security Agency (NSA), the American Civil Liberties Union (ACLU), has...
World's Most Ethical Companies - 03/10/2015
Consulting company Ethisphere Institute has published the list of 132 most ethical companies of the world. Fifteen companies have never left the rating for 9 years of its existence. By the end of 2014 the number of holders of this title slightly decreased compared to the previous year and amounted to 132 companies that represent 21 countries. In this case, 15 of them receive this award for the...
