World news about “Corporate” published by euronews.
Swiss tycoon’s sentence increased in landmark asbestos case The Turin Appeals Court in Italy has increased the sentence for a Swiss tycoon Stephan Schmidheiny – a key share holder in Eternit, whose factories caused the… 03/06/2013
H&M backs clothing factory safety plan The Swedish fashion retailer, H&M, has backed a deal to improve safety at foreign clothing factories. The accord, regarding fire and building safety, is… 13/05/2013
Kingfisher hit by crisis and currency exchange Kingfisher, Europe’s largest home improvements retailer, suffered an eleven and a half percent fall in annual profit and said it expects market conditions to… 26/03/2013
Newly minted ‘appy teen millionaire A 17-year-old has become the internet’s latest millionaire. Nick D’Aloisio has sold Summly, his app that edits internet news items to make them more user… 26/03/2013
‘Failure’ Groupon boss fired Groupon has dumped its chief executive and co-founder Andrew Mason. In an unusually candid post-firing letter, Mason – known for this quirky sense of humour… 01/03/2013
Russian alcohol crackdown hits Carlsberg’s profits Carlsberg has said it is scrapping its profit margin target for eastern Europe as sales growth stalls in its key Russian market . The Danish brewer – which… 18/02/2013
India wants to scrap Finmeccanica helicopter deal India is moving to cancel the purchase of a dozen helicopters from Italian aerospace and arms firm Finmeccanica following bribery allegations. It has… 15/02/2013
Tough times for Anglo American Global miner Anglo American saw its underlying earnings for last year halve from 2011 as profits fell in all parts of its business. It also had to write… 15/02/2013
Virgin unions blames bosses for bankruptcy France’s Virgin Megastore has confirmed it will formally ask a court to declare it insolvent on Wednesday. That follows the collapse of sales of CDs and… 08/01/2013
Downloads slam Virgin France Virgin Megastore’s French operation is declaring itself insolvent. The books-to-music retailer, which employs 1,000 people, is the latest victim of an… 04/01/2013
Transocean admits guilt over BP spill Transocean has agreed to pay the equivalent of just over one billion euros to settle US government charges over BP’s massive Gulf of Mexico oil spill in… 04/01/2013
UK lawmakers want tax crackdown on multinationals Companies that sell in Britain should pay tax in Britain. That was the message on Monday to multinational firms from UK lawmakers. Public anger over… 03/12/2012
In business Running a company requires a variety of skills and abilities which increasing numbers of young business people are learning via management courses. But… 30/11/2012
Eurozone private sector downturn eases The downturn in the eurozone’s private sector economy has eased slightly. The latest surveys of companies’ purchasing managers showed an improvement in… 04/01/2012
German giant Siemens announces nuclear exit Siemens is to quit the nuclear industry, its Chief Executive Peter Loescher has told Der Spiegel magazine. The move by the German industrial giant follows… 18/09/2011
HSBC details Hong Kong cuts HSBC says it will lay off 3,000 people in Hong Kong over the next three years as part of its aggressive cost-cutting plan in five places – Hong Kong, the… 08/09/2011
Japanese disaster hits Sony Ericsson profits Sony Ericsson is forecasting an upturn in its fortunes in the second half of the year. That came after the mobile phone maker posted its first quarterly… 15/07/2011
Nestle expands further in China Chasing fast-growing markets, Nestle is moving to buy a 60 percent stake in Chinese sweets and snacks maker Hsu Fu Chi. The world’s largest food company… 11/07/2011
Rhodia purchase to give Solvay emerging markets boost Belgian chemicals group Solvay is set to take over France’s Rhodia with a 3.4 billion euros cash bid. Solvay is looking to improve sales in emerging markets… 04/04/2011
Japan: Tiptoeing to Normality This week in Business Weekly: the massive coin fraud in Germany, the future of the company that runs the Fukushima nuclear complex in Japan and the restart of… 02/04/2011
Egypt back in business, while debt rocks Europe In this edition of Business Weekly we look at the reopening of the Cairo stock market after weeks of political upheaval in Egypt. We also focus on the… 25/03/2011
Renault CEO under pressure over spy case missteps Renault’s Chief Executive Carlos Ghosn is coming under pressure to quit after the collapse of an investigation into alleged industrial espionage. A dramatic… 15/03/2011
Qatar buys stake in Iberdrola Qatar’s sovereign wealth investment fund is buying 6.1 percent of Spanish utility Iberdrola for 2.2 billion euros. The sale of new shares will help… 14/03/2011
French company accused of selling horsemeat as beef to fight allegationThe French meat company accused by the government of knowingly selling horsemeat labelled as beef is to fight the allegation. French Consumer Affairs… 15/02/2013
Liege steel employees vote to work and protestSteelworkers employed by Arcelor Mittal in Liege in Belgium are going back to work on Wednesday. But before they do, they will hold a mass protest in front… 29/01/2013
Aviva pay revolt claims CEO’s headThe chief executive of British insurer Aviva has become the first casualty of mounting investor anger over top bosses pay. Andrew Moss will quit after… 08/05/2012
Business weekly: Europe sends mixed signs of recovery“European economies sent mixed signals last week over whether the recovery is really under way. German unemployment was down again but the ECB remains… 07/03/2011
Siemens upbeat on growthSignalling its confidence in the future, Siemens is sharply raising its dividend to shareholders. Europe’s biggest engineering company announced a surge in… 11/11/2010
Canon upbeat despite strong yenJapan’s Canon seems to be surviving the impact of the strong yen on its overseas earnings. The world’s biggest maker of digital cameras said strong sales of… 27/10/2010
BHP woos Potash shareholdersShareholders of Potash Corporation are the subject of a charm offensive by BHP Billiton’s boss this week. He is in North America explaining why they should… 26/08/2010
Potash sure of better bids than BHP’sPotash Corporation’s board has confirmed it is in talks with several potential buyers for a better price than BHP Billiton’s hostile 30 billion euro offer… 23/08/2010
Pernod Ricard announces dividendPernod Ricard has said it will increase its cash dividend to shareholders for the current financial year. The interim cash dividend of 61 euro cents will be… 25/06/2010
Who want to be an entrepreneur?“Europeans remain far less keen on starting their own businesses than Americans or Chinese,” according to a recent European Union study. So, why do they… 14/06/2010
GM to recall 1.5 million vehiclesGeneral Motors is the latest carmaker to suffer an expensive recall. It is going to have to disable an electrical unit that heats windscreen washer fluid… 08/06/2010
BBVA stabilises bad debt for profit increaseThere is a glimmer of hope emerging from Spain’s banks that have been battered by the property sector. The country’s second biggest bank BBVA has exceeded… 28/04/2010
Shell predicts new growth after earnings riseEurope’s biggest oil company Royal Dutch Shell has announced a 57 per cent rise in earnings, after stepping up production for the first time in three… 28/04/2010
SAP rising in GermanyGermany’s software giant SAP has posted double-digit growth in first quarter sales and operating profit as corporations begin spending on technology… 28/04/2010
Samsung benefits from recoverySouth Korea’s Samsung is predicting a huge rise in profit this year. The world’s largest maker of semiconductors and flat-screen TVs has just announced a… 06/04/2010
Kingfisher’s profit risesKingfisher, Europe’s biggest home improvement chain, has unexpectedly posted a 35 percent rise in first-half profit Kingfisher, which runs market leaders… 17/09/2009
Zara group doing better than hopedTighter management of costs and stocks as well as better than expected sales because of good weather during the summer helped Europe’s biggest clothing… 16/09/2009
Metro’s sales fallGerman retailer Metro’s sales and profits fell during the second-quarter.The world’s fourth largest retailer saw revenue declined by almost four percent to… 03/08/2009
US proposes tough new rules for financial firms.As Washington announced plans to rein in Wall Street’s excesses, the bad news continued to flood out of the United States. Gross domestic product, that is… 26/03/2009
Commerzbank part nationalisation hits sharesShares of Commerzbank slumped on news that it is to be partly nationalised. The Berlin government is taking a 25 percent stake, plus one share. In… 08/01/2009
Dell and Lenovo restructureComputer maker Dell has announced that it is to shift its European manufacturing base from Ireland to Poland. As a result almost two thirds of the 3,000… 08/01/2009
Marks & Spencer to cut jobsAfter unveiled its worst sales figures for almost a decade, Britain’s biggest clothing retailer Marks & Spencer has announced it will lay off more than 1,200… 07/01/2009
Sales slump halts Toyota productionToyota is planning to stop production at all of its Japanese plants for eleven days in February and March because of a slump in sales. That comes on top of a… 06/01/2009
Waterford Wedgwood in administrationThe Irish maker of luxury tableware Waterford Wedgwood called in the receivers on Monday. The loss making company had been trying to find new investors for… 05/01/2009
Rolls Royce win big Abu Dhabi contractRolls Royce aero engines have signed a deal with Etihad airways of Abu Dhabi worth 410 million euros. The contract is to supply and maintain Trent 700… 23/12/2008
EDF to become UK’s biggest electricity supplierThe European Union has given a conditional green light to EDF’s takeover of British Energy, the UK’s nuclear operator. France’s state-owned EDF is the… 22/12/2008
Munich Re snaps up HSB from AIGGerman reinsurer Munich Re has bought AIG’s HSB group for 531 million euros in cash as the American giant struggles to raise money to pay off a huge … 22/12/2008
Toyota symptom of wider Japanese malaiseWith Japanese carmaker and world number one Toyota’s announcement it will make the first loss in its 71-year history this year, fears over the state of… 22/12/2008
Natixis slims downFrench bank Natixis is to lay off 840 people as it scales back its investment banking activities. Natixis plans to halt most of its capital markets activities… 19/12/2008
Polaroid in Chapter 11Polaroid has filed for Chapter 11 bankruptcy protection in order to restructure. Polaroid said the move was because of events at Petters Group which bought… 19/12/2008
BNP suspends Fortis dealThe future of Fortis has become even more uncertain as BNP Paribas said it is suspending a key part of its deal to rescue the stricken financial group. The… 18/12/2008
Court rules for Ryanair over CharleroiIrish low-cost airline Ryanair has won a legal challenge to the European Commission blocking aid it got from Belgium’s Charleroi airport and the Wallonia… 17/12/2008
Goldman Sachs posts first loss in nine yearsThe financial crisis has finally caught up with Wall Street leader Goldman Sachs. The investment bank had, until recently, sidestepped the worst of the… 16/12/2008
Electrolux to slash 3,000 jobs as demand fallsHousehold appliance giant Electrolux is to cut more than 3,000 jobs globally amid an abrupt downturn in business. Announcing the move, the Swedish firm… 15/12/2008
Alcatel-Lucent still chasing profitsTrying desperately to become profitable, the telecommunications equipment maker Alcatel-Lucent is to further cut costs including getting rid of another 1,000… 12/12/2008
HBOS reveals debt worseningMore bad news from Britain’s Halifax Bank of Scotland. Britain’s biggest mortgage lender says bad debts and other charges jumped by two thirds in the last two… 12/12/2008
More cuts at Bank of AmericaBank of America has announced plans to slash as many as 35,000 jobs over the next three years as it wraps up its takeover of Merrill Lynch. The bank said the… 12/12/2008
Boeing has again been forced to push back the schedule for its 787 DreamlinerIt’s the fourth major delay for the revolutionary, carbon-composite aircraft. It’s now about two years behind the original schedule. The delays are due to… 11/12/2008
Rio Tinto cutting costsInternational mining company Rio Tinto has announced it is going to lay off 14,000 people, cut its capital spending by half and sell more assets. Rio has been… 10/12/2008
Sony cutbacks underscore Japan’s economic plightDeep cuts announced by Sony are the latest indication that the Japanese economy is in serious trouble. The electronics giant is to lay off 16,000 people… 09/12/2008
Lufthansa soars to new heightsGerman flag-carrier Lufthansa is set to become Europe’s biggest airline after signing a deal to buy the loss-making Austrian Airlines. Brussels needs to give… 05/12/2008
End of the line for 12,000 employees at AT&TThe American telecom giant AT&T is to lay off 12,000 employees, equivalent to four percent of its workforce, to cut costs. The jobs will be cut in the run-up… 04/12/2008
Credit Suisse to cut 5,300 jobsSwiss banking’s number two, Credit Suisse, has announced it is to cut 5,300 jobs. That means around 11 percent of the group’s global workforce will be looking… 04/12/2008
Telecom Italia sheds thousands of jobsDebt-riddled Telecom Italia, Europe’s fifth-largest telecoms provider, is to slash 4,000 jobs on top of the 5,000 already in the pipeline in a bid to reduce… 03/12/2008
German technology giant hit hard by motor trade fall offGerman chipmaker Infineon is warning of a significant drop in revenue as orders from the automotive industry dry up due to the downturn. Shares in the company… 03/12/2008
Ryanair puts in bid for Aer LingusEurope’s largest low-cost airline Ryanair has launched a 750 million euro bid to buy rival carrier Aer Lingus. The new offer is half the price Ryanair put on… 01/12/2008
Sacyr sells to CitigroupSpanish constructor Sacyr Vallehermoso has sold off its Itiniere motorway business to Citigroup for 7.9 billion euros. This is to reduce its massive debts as… 01/12/2008
UK govt gets 60% of RBS as share offer bombsThe British government has had to take a 60 per cent stake in the Royal Bank of Scotland, after investors turned their backs on a share offer to raise capital… 28/11/2008
Arcelor-Mittal steels itself against financial crisisThe biggest steelmaker in the world is preparing to cut 9,000 jobs. Arcelor-Mittal plans to offer voluntary redundancy packages to three per cent of its… 27/11/2008
The bitter wind of recession batters UK High StreetsThe downturn in Britain is showing its teeth on the country’s High Streets. One of the country’s oldest and best-loved names, Woolworths, has put its shops… 27/11/2008
Porsche puts brakes on VW plansThe German sports car maker Porsche is playing down the possibility that it will take majority control of Volkswagen this year as planned. Sales over four… 26/11/2008
Lufthansa announces foray into Italian marketThe German airline Lufthansa has announced it is putting a toe into Italy’s market, by launching its own Italian carrier. Lufthansa-Italia will be based at… 26/11/2008
Building downturn hits Sweden’s SkanskaThe slump in the European housing market has headed north, and spread to commercial and civil building in Scandinavia. Sweden’s biggest construction company… 25/11/2008
BHP backs off hostile takeoverThe global mining giant BHP Billiton has turned its back on its 50-billion euro hostile takeover of Rio Tinto. BHP blamed worsening market conditions and… 25/11/2008
Jaguar pounces on UK govt for help – reportThe luxury car-maker Jaguar Land Rover is reported to be asking the British government for help to secure a 1.2-billion euro loan as car-sales plummet, and… 24/11/2008
Ford sells Mazda stake to raise cashCash strapped US car maker Ford is selling a big part of stake in Japan’s Mazda. Ford will cut its holding from 34 percent to just over 13 percent. It will… 18/11/2008
Royal Bank of Scotland axes 3,000 jobsThe wave of expected job losses has hit the troubled banking trade as the Royal Bank of Scotland axes 3,000 jobs. The doomed positions represent 15 percent of… 14/11/2008
BT cuts jobs and addresses pension problemsBT says it is going to cut 10,000 jobs – six percent of its world wide workforce. That announcement came as the British telecommunications group posted… 13/11/2008
GM’s liquidity concerns push shares to 65-year lowGeneral Motors says it is in such a bad state that it will need US government help soon. GM’s chief executive Rick Wagoner has said it needs to line up a… 11/11/2008
Vodafone’s results better than expectedVodafone was one of the few major European companies to see its shares rise on Tuesday after reporting first half results slightly ahead of expectations… 11/11/2008
Deutsche Post cutting 16,000 DHL jobsDeutsche Post is to layoff 9,500 more people at its loss-making DHL division in the United States. Europe’s biggest mail and express delivery company now… 10/11/2008
Santander in shock capital moveSpain’s biggest bank, Santander, surprised the markets by saying it is to sell 7.2 billion euros worth of new shares to boost its capital. Santander also said… 10/11/2008
Panasonic and Sanyo to mergePanasonic is to buy its smaller rival Sanyo to create Japan’s biggest electronics maker. The estimated price is 6.9 billion euros. One reason Panasonic wants… 07/11/2008
BA boosted by profit forecastBritish Airways shares rose 11.9 percent after it said it is sticking to its forecast for a small operating profit this year. The airline also lifted its… 07/11/2008
German engineering workers strike over payThousands of German engineering union members have been on strike, in an increasingly bitter pay dispute. The short walkouts at major companies like… 03/11/2008
SocGen’s quarterly profit dropsFrench bank Societe Generale has reported an almost 84 percent drop in third-quarter net profit, but said it is strong enough to withstand the global… 03/11/2008
Alitalia buyers to pull out source saysAlitalia’s future is up in air again as the only potential investor is reportedly refusing to make a formal bid for the bankrupt airline, thereby missing a… 31/10/2008
Barclays boosts balance sheetBarclays is turning to Mideast investors to repair its balance sheet, so that it does not have to take money from the British government. Investors from… 31/10/2008
VW stock drops on Porsche moveA rollercoaster ride for Volkswagen’s shares is over. Having rocketed this week, the stock dived after VW’s biggest investor – sports car maker Porsche… 29/10/2008
Whirlpool cutting jobsWhirlpool is to lay off 5,000 people – seven percent of its work force. At the same time it made that announcement, the world’s biggest appliance maker posted… 28/10/2008
Boeing strike heading for settlementPlane maker Boeing and its biggest union have agreed a tentative deal to end a strike at its plants. The machinists’ union said it had reached a four-year… 28/10/2008
Danone stands firm on sales targetsFrance’s biggest food producer Danone does not seem to be too worried by the economic slowdown, saying it will stick to its targets for sales and profit… 22/10/2008
Nissan reportedly wants part of ChryslerNissan is proposing buying around 20 percent of Chrysler, according to a report in a Detroit newspaper. That would bring the troubled US car maker into the… 22/10/2008
Swiss banks raise emergency fundsSwitzerland’s top two banks have taken emergency measures to shore up their finances. Credit Suisse is raising new funds from private investors while the… 16/10/2008
Merrill and Citi again hit by writedownsThe toxic shock from the US subprime mortgage meltdown continues to ripple through the financial world. US investment bank Merrill Lynch has just reported… 16/10/2008
Pepsi cutting workers as demand fallPepsi is laying off 3,300 workers, almost two per cent of its work force worldwide. That as the soft drinks and snacks maker reported a worse than expected… 14/10/2008
Ongoing Boeing strike threatens 787 first flightA top Boeing executive has said that the first flight of its crucial 787 Dreamliner could be pushed back. That comes after the plane maker’s renewed talks… 14/10/2008
