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Company News

Facebook female employee numbers sees big leap

Social network Facebook employees five times more female workers than it did five years ago; however, a blatant disparity still exists in regard to the leadership level.

Chinese tycoon dies in freak fall in France

Marseille - Chinese tycoon Wang Jian, whose sprawling conglomerate HNA Group owns a host of foreign assets, has died after a falling off a wall while sightseeing in southern France, police and his company said Wednesday.

Chinese tycoon dies in freak holiday fall in France

Marseille - Chinese tycoon Wang Jian, whose sprawling conglomerate HNA Group owns a host of foreign assets, has died after a falling off a wall while on holiday in southern France, police and his company said Wednesday.

Struggling Toshiba returns to black, avoids delisting

Apo - Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.

Weinstein Company files for bankruptcy in 'new beginning'

New York - Harvey Weinstein's former production company announced late Monday it had filed for bankruptcy, less than six months after the Hollywood mogul was beset by avalanching sexual assault allegations.

Weinstein Company files for bankruptcy

New York - Harvey Weinstein's former production company announced late Monday it had filed for bankruptcy, less than six months after the Hollywood mogul was beset by avalanching sexual assault allegations.

Weinstein Company inches toward bankruptcy

New York - Disgraced Hollywood mogul Harvey Weinstein's former studio appeared to inch closer toward bankruptcy Monday over complaints that talks to buy the troubled production house had collapsed, leaving it with "no choice" but to go to the wall.

Weinstein Company will file for bankruptcy: media

Los Angeles - The Weinstein Company will file for bankruptcy, US media reported on Sunday, after prosecutors sought to impose conditions on a sale of the firm co-founded by disgraced Hollywood mogul Harvey Weinstein.

Ikea's frugal billionaire founder Ingvar Kamprad dies aged 91

Stockholm - Ingvar Kamprad, the farmer's son turned multibillionaire who founded the Ikea empire that revolutionised furnishing, has died aged 91, the firm said Sunday.

Ikea founder Ingvar Kamprad dies aged 91

Stockholm - Ikea founder Ingvar Kamprad, who built a global business empire with revolutionary flat-pack furniture and was known for his contempt for taxes, died aged 91, the Swedish furnishing giant said on Sunday.

UK govt keeps 'close eye' on struggling firm Carillion

London - The British government is keeping a "very close eye" on construction and outsourcing group Carillion, a senior minister said Sunday, amid reports it could go into administration within days.

Billionaire drugmaker, wife found dead at Canada home

Montr - Police were hunting for clues Saturday after the pharmaceutical billionaire Barry Sherman and his wife Honey were found dead in the basement of their Toronto home, in what investigators reportedly suspect was a murder-suicide.

Israel drug giant Teva announces 14,000 job cuts over two years

Jerusalem - Israeli pharmaceutical giant Teva announced Thursday it plans 14,000 job cuts over two years as it unveiled a wide-reaching restructuring plan after facing low prices for generic drugs.

Toyota showcases humanoid robot that mirrors user

Toukyo - Japanese auto giant Toyota Wednesday showcased a humanoid robot that can mirror its user's movements, a product it says has uses as varied as elderly care and disaster response.

No Colony cash injection to Weinstein firm: NY Times

New York - The scandal-plagued film studio co-founded by disgraced mogul Harvey Weinstein will no longer get funding from Colony Capital, The New York Times reported on Wednesday.

Call for French ex-minister to answer over Lafarge-IS scandal

Paris - The anti-corruption association Sherpa called Friday for former French foreign minister Laurent Fabius to be questioned over payments made by cement maker Lafarge to the Islamic State group through a Syrian middleman.

Toshiba says sells chip unit to Bain Capital for around $18 bn

Toukyo - Toshiba said Wednesday it would sell its memory chip business to a group led by US investor Bain Capital, in a deal worth around $18 billion and seen as crucial to keeping the Japanese conglomerate afloat.

Alibaba profit nearly doubles on robust revenues

Shanghai - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.

Troubled Cathay loses HK$2.05 billion in first half 2017

Hong Kong - Hong Kong flag carrier Cathay Pacific on Wednesday reported a massive net loss of HK$2.05 billion ($262.07 million) for the first half of the year as the airline struggled with intense competition from rivals.

Petrobras profits plummet in second quarter

Rio De Janeiro - Brazil's troubled oil giant Petrobas on Thursday reported a 93 percent drop in profits in the second quarter of 2017 from the previous three months.Petrobras reported 316 million reais profits ($100 million), down from 4.4 billion in the first quarter....

Russia opens criminal probe as eight missing in diamond mine

Moscow - Rescuers on Monday desperately tried to contact eight miners missing in a flooded Siberian diamond mine as investigators opened a probe into suspected violations of safety rules.

China to change state-owned firms into corporations

Bejing - China said Wednesday it would move to transform all state-owned companies into corporations by the end of this year, as part of efforts to reform the sclerotic industrial giants.

'Foreign invaders' threaten struggling Australian media

Sydney - Australia's role as a testing ground for global media giants such as the New York Times, Daily Mail and the Guardian could hasten the decline of embattled local players as they fight for eyeballs and advertising dollars, analysts warn.

Alibaba quarterly profits almost double to $1.55 bn

Bejing - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping.

Tencent net profits up 58% in Q1 to beat estimates

Hong Kong - Chinese technology giant Tencent on Wednesday reported first quarter results which exceeded expectations, helped by robust revenues from its hit mobile games.Its overall revenue jumped 55 percent to 49.

Toyota logs first annual profit fall in five years

Toukyo - Toyota on Wednesday reported its first drop in annual net profit for five years, while it unexpectedly warned that earnings would fall again owing to pricey US customer incentives and a forecast pick up in the yen.

Loss-hit Toshiba nosedives on fears about future

Toukyo - Toshiba shares plunged Wednesday afternoon as fears grow about the future of one of Japan's best-known firms, which is battling massive losses and accounting fraud allegations at its US nuclear unit.The Tokyo-listed stock dropped 13.62 percent to 186.

Malaysian firms linked to North Korea spy front shut: police

Kuala Lumpur - Two Malaysian firms linked to a North Korean front company the UN says was selling military equipment will be closed down, police in Kuala Lumpur said Tuesday as they investigate the assassination of Kim Jong-Nam.

Malaysian firms linked to North Korea spy front shut: police

Kuala Lumpur - Two Malaysian firms linked to a North Korean front company the UN says was selling military equipment will be closed down, police in Kuala Lumpur said Tuesday as they investigate the assassination of Kim Jong-Nam.

Malaysian firms linked to North Korea spy front shut: police

Kuala Lumpur - Two Malaysian firms linked to a North Korean front company the UN says was selling military equipment will be closed down, police in Kuala Lumpur said Tuesday as they investigate the assassination of Kim Jong-Nam.
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Martin Shkreli  the  poster boy  for drug company price-gouging.
Martin Shkreli, the "poster boy' for drug company price-gouging.
Bloomberg / Illustration by Digital Journal
Oracle Canada office in Markham.
Oracle Canada office in Markham.
Author Raysonho @ Open Grid Scheduler / Grid Engine
You can get a taste of the tallest water slide in the world by watching someone else experience the ...
You can get a taste of the tallest water slide in the world by watching someone else experience the fall.
YouTube, Schlitterbahn group
A photo showing teamwork
A photo showing teamwork
Via Flickr Creative Commons