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  • VW says US 'Dieselgate' settlement not to be replicated in Europe

    GERMANY, 2016/07/04 Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15-billion transaction in the US, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to as well compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from US customers just because of a different legal system.

  • Harkand: Management buyout saves US and African businesses

    UNITED STATES, 2016/05/11 A team of former Harkand executives have agreed a management buyout of the defunct oilfield services firm’s US and African businesses – giving hope that 100 jobs can be saved. The team led by AJ Jain, Harkand North America managing director, has agreed a transaction with administrators Deloitte to acquire the North American and African business.

  • Yahoo To Alert Users Of Suspected State-sponsored Hacking Attacks

    UNITED STATES, 2015/12/26 Yahoo Inc. (YHOO) said it will presently alert its users if it "strongly suspects" their accounts have been targeted by national-sponsored actors. The Internet giant becomes the new tech company to say it will alert users of national-sponsored attacks, showing the increasing focus of companies on cyber security. Yahoo's Chief Data Security Officer Bob Lord said the company will provide specific notifications to enable targeted users to take steps to protect their accounts and devices from sophisticated attacks. However, Yahoo stressed that just because users are notified of a potential national-sponsored attack, it does not necessarily mean the account has been compromised.

  • Energy Fuels (NYSEMKT:UUUU, TSE:EFR) is bemused by the share price movement

    UNITED STATES, 2015/11/24 Energy Fuels (NYSEMKT:UUUU, TSE:EFR) is bemused by the share price movement that has seen one third wiped off the company's price in the last month. The company released a statement saying it was not aware of any undisclosed material change in the company's affairs that would precipitate an adverse share price reaction. The shares, currently trading at C$2.72 in Toronto, fell 4.2% on Thursday and have lost one-sixth of their price in the last week alone. The last public data released by the company was the third quarter update released on November 5, which showed gross profits of $7.23mln on revenues of $19.2mln.

  • Pfizer is set to buy Allergan for more than $150 billion

    UNITED STATES, 2015/11/23 Pfizer Inc was due to fasten formal board approval on Sunday for its acquisition of Botox maker Allergan Plc for additional than $150 billion, creating the world's biggest drug maker, according to people familiar with the matter. The transaction, the major ever in the healthcare sector, is sure to draw political ire in a U.S. presidential election year because Pfizer would redomicile to Ireland, where Allergan is registered, in a so-called "inversion" that would slash its corporate tax rate. It will as well reignite debate in the pharmaceutical industry over the role of research and development, with Allergan Chief Executive Brent Saunders, a prolific dealmaker and a skeptic of in-home drug discovery, joining the combined company in a position to influence its strategy. The transaction would involve Pfizer paying with 11.3 of its shares for each Allergan share, the people said. There will as well be a small cash component, accounting for less than 10 % of the price of the transaction, the people said.

  • Boeing donates $500,000 to the International African American Museum

    UNITED STATES, 2015/11/10 The Boeing Company yesterday announced a $500,000 donation to the International African American Museum during the 2015 Equal Opportunity Day Dinner hosted by the Columbia Urban League. "Boeing is committed to supporting and giving back to the communities where our employees live and work," said Tim Keating, Boeing's Senior Vice President of Government Affairs. "Through our investment in this significant museum of African American history and identity, we at Boeing hope to play a key role in helping tell the story of the largely overlooked history of African Americans in the Charleston area." The Boeing charitable contribution to the museum is in addition to a $250,000 donation made in 2011 and will be used to support the creation of the Family Heritage Center associated with the International African American Museum in Charleston, S.C.

  • Philip Morris International the largest buyer of tobacco in Tanzania

    UNITED STATES, 2015/10/31 Philip Morris International (PMI) (pmi.com), the major buyer of tobacco in Tanzania, is ramping up efforts to implement its Sustainable Tobacco Production model part the country’s 65 000 contracted tobacco-growing families. PMI purchases tobacco from three suppliers in Tanzania, contributing additional than US$150-million annually to the economic development of the country’s rural areas.

  • US Microsoft enters Iranian market

    IRAN, 2015/09/17 The US-based Microsoft Company has entered Iran’s mobile phone market, Tasnim news agency reported. Pars Samtel, who presented itself as the exclusive representative of Microsoft mobile phones in Iran has opened a five-unit store at the country’s mobile marketplace in the capital city of Tehran. The store is the initial in Iran. No official statement was made on the issue so far.

  • General Electric Provides $100,000 Grants to University of Ghana Students

    UNITED STATES, 2015/07/05 Students of the University of Ghana studying B.sc Applied Sciences could have their tuition fully paid until they complete their studies. Thanks to world infrastructure leader General Electric which announced this during a conference with the Management of the University of Ghana led by the Pro Vice Chancellor Professor Kwame Offei. To this end, the University of Ghana and GE signed a Memorandum of Considerate (MOU). The $100,000 scholarship is part of a broader collaboration between GE and tertiary institutions in Ghana on capacity development.

  • Japan Tobacco to buy U.S. e-cigarette maker

    JAPAN, 2015/05/02 Japan Tobacco said on Thursday it had agreed to buy Florida-based e-cigarette maker Logic Technology Development LLC as it aims to become a world leader in the nascent, but fast-growing, market. Japan Tobacco will fund the acquisition with existing cash and loan facilities, and expects to complete the transaction in the third quarter of this year following regulatory approval, it said.
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