Tag Archives: Business/Finance

03Aug/15

Carmakers combine to buy Nokia maps

(Reuters Business Report) – Fierce rivals turn business partners as Germany’s big three carmakers join forces to buy Nokia’s mapping business HERE.

BMW, Audi and Daimler’s Mercedes will pay equal stakes totalling 2.5 billion euros.
Continue reading

03Aug/15

Prices plummet as Athens bourse reopens

(Reuters Business Report)- A river of red on the boards of Athens’ bourse.

This was the plunge analysts had expected.

The first time trades on the Greek stock market could be made in five weeks saw falls of nearly 23 percent at the open.

Banking shares in particular hit hard.
Continue reading

27Jul/15

China stocks plunge, suffer biggest one-day loss since Feb 2007

China stocks plunge more than 8 percent, their biggest one-day drop in more than eight years, as a government-triggered rebound peters out amid profit-taking, concerns over economic health and fears of an end to Beijing’s inclination toward looser monetary policies.

Continue reading

20Jul/15

FTC looks into Apple’s rules

(Reuters Business Report) – Apple’s streaming music rivals are crying foul, saying Apple’s App Store puts them at a competitive disadvantage. And now, sources tell Reuters the Federal Trade Commission is looking into it. Last month, Apple became a competitor to the likes of Spotify and Rhapsody when it launched its paid streaming service, Apple Music.
Continue reading

13Jul/15

Rapper 50 Cent says bankruptcy filing is ‘strategic business move’

(EVO) – 50 Cent has filed for bankruptcy protection, reporting debts and assets in the range of $10 million to $50 million. The rapper called the voluntary Chapter 11 filing a “strategic business move” that would not affect fans.
Continue reading

13Jul/15

French company designs face-to-face airplane seating plan

France (Next Media) – A French manufacturer of aircraft passenger seats has filed a patent for a new seating design that would increase cabin capacity by having passengers face each other.
Continue reading

13Jul/15

IMF’s Lagarde says agreement found on Greece

IMF Managing Director says on leaving mammoth talks in Brussels that an agreement has been found to move forward with a third Greece bailout deal.

Continue reading