Business
Ford profit plunges 39% in 2014 Q1 on weak US sales
Ford has reported a 39% drop in 2014 Q1 profits as its performance in the key North American market weakened. Ford earned $989 million in...
S&P cuts Russia’s credit rating to “BBB-“
Standard & Poor's has downgraded Russia's rating to “BBB-“from “BBB” - one notch above "junk" status. The move comes as foreign investors continue to take...
US Taco Co. and Urban Taproom: Taco Bell launches upscale taco chain
Taco Bell is launching the US Taco Co. and Urban Taproom, its new upscale taco chain. The US Taco Co. and Urban Taproom restaurant will...
Microsoft reports $5.66 billion net profit for 2014 Q1
Microsoft reported net profit of $5.66 billion for 2014 Q1, a decline from the same period last year but better than market estimates. Microsoft's efforts...
The 2014 Budget and what it means for Motorists
George Osborne has announced that a small number of measures are to be put in place in order to help motorists. The announcement came...
GM profits hit by recalls cost in 2014 Q1
GM has seen its 2014 Q1 profits hit by a $1.3 billion charge to cover the cost of a huge recall of cars over...
India elections 2014: Narendra Modi to submit nomination papers in Varanasi
Bharatiya Janata Party’s leader Narendra Modi, the man with the biggest chances of winning India's elections, is to submit his election nomination papers as...
GM asks US court to bar some ignition lawsuits
GM has asked a US court to bar some lawsuits relating to its recall over faulty ignition switches. The faulty switches could turn off the...
Julius Malema campaign ad banned by SABC
SABC, South Africa's public broadcaster, refused to broadcast a campaign ad from the Economic Freedom Front (EFF) as it incited violence. The South African Broadcasting...
McDonald’s reports profit fall in 2014 Q1
McDonald's has reported a lower profit for 2014 Q1 after sales in its US restaurants fell by more than expected. McDonald’s said group like-for-like sales...
Novartis and GSK agree to exchange assets and combine consumer healthcare units
Pharmaceutical giants Novartis and GlaxoSmithKline have agreed to exchange assets and combine their consumer healthcare units. Novartis will acquire GSK's oncology drugs business for $16...
Syria announces presidential election for June 3
The Syrian plan to hold a presidential election on June 3 has been dismissed by the US as a "parody of democracy". UN chief Ban...
Giorgio Armani pays 270 million euros to settle tax bill
Giorgio Armani fashion house has paid 270 million euros ($374 million) to the Italian authorities to settle a tax bill. An Armani spokesman confirmed reports...
Morgan Stanley and Goldman Sachs report contrasting results for 2014 Q1
Morgan Stanley and Goldman Sachs have reported contrasting results for the first quarter of 2014. Goldman Sachs’ neat earnings fell to $2.03 billion from $2.26...
Weibo shares jump 20% on NASDAQ debut
Chinese Twitter-like service Weibo’s shares rose by almost 20% on their first day of trading on the US stock market, after a lukewarm start. Weibo's...
Rob Ford kicks-off re-election campaign at Toronto Congress Centre
Toronto Mayor Rob Ford is set to kick off his re-election campaign at an event his brother and campaign aide has called "history in...
India elections 2014: Voting starts in biggest phase of polling
India is voting in the biggest day of the general election pitting the ruling Congress party against the main opposition BJP. Polling takes place in...
Mt. Gox placed in administration by Tokyo court
Former world's biggest Bitcoin exchange Mt. Gox has been put in administration by a Japanese court. Mt. Gox announced in February that hackers had stolen...
Yahoo shares jump 9% despite falling profits
Yahoo shares jumped 9% despite a 20% fall in first-quarter earnings. Yahoo's profits of $312 million still beat expectations. Yahoo also said revenue from display advertising...
Bitcoin exchange Mt. Gox files for liquidation in Tokyo
Bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be...
China’s economy expanded by 7.4% in 2014 Q1
China's economy grew by 7.4% in 2014 Q1, better than what many were expecting. However, it is a slowdown from 7.7% growth in the final...
How To Prepare Now For Your Retirement
It’s safe to assume everyone wants to have a comfortable and secure retirement someday. This dream is definitely one of the main motivations that we...
Silvio Berlusconi ordered to do community service for tax fraud conviction
Italy's ex-PM Silvio Berlusconi should serve a one-year sentence for tax fraud doing community service, a Milan court has ruled. Silvio Berlusconi, 77, was convicted...
GSK faces criminal investigation in Poland for allegedly bribing doctors
Pharmaceutical giant GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors. Eleven doctors and a GSK regional manager have been charged over...
Afghanistan elections 2014: Abdullah Abdullah ahead in poll count
Afghanistan’s former Foreign Minister Abdullah Abdullah is slightly ahead of Ashraf Ghani in the country's presidential election, partial results have shown. With about 500,000 votes...
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