Companies & CEOs
Co-founder of HTC, Cher Wang Appointed as CEO - 03/24/2015
Now when HTC is set to establish itself as the maker of smart devices, it is highly sensible to redefine its leadership too. The struggling Taiwanese smartphones manufacturer, HTC has shaken up its executive suite. HTC’s board of directors positioned the co-founder of the company, Cher Wang as its new CEO with immediate effects on 20 March 2015. The chairwoman Cher Wang replaces Peter Chou, who...
Facebook to Host Detailed News Content - 03/24/2015
Facebook is in talks with The New York Times, BuzzFeed and National Geographic, and a number of other media, about posting their content straight on the pages of the social network. If negotiations are completed successfully, then Facebook users will be able to read articles and news media without leaving Facebook. According to unofficial data obtained NYT.com , the author of the idea was Chris...
Pirelli to Move Under Chinese Control - 03/23/2015
China National Chemical Corp. agreed to buy a stake in the Italian tire manufacturer Pirelli, one of the largest shareholders of which is Rosneft, an integrated oil company majority owned by the Government of Russia. Pirelli was valued at € 7,1 Bln. Rosneft, the largest shareholder of the Italian tire company Pirelli, agreed to change the ownership structure of the company, which will lead to the...
P&G Imposed Fine of $1 million In China – Claiming False Commercial - 03/20/2015
China's government alleged P&G's Crest for misleading commercials, which overemphasized the impact of using toothpaste. China fined Procter & Gamble Co's Crest about $1 million claiming for false advertising. It is alleged that the commercial used a digital software to overplay the impact of its toothpaste. According to The Shanghai Municipal Administration of Industry and Commerce, the...
UK Plans For Establishing Largest Marine Reserve - 03/19/2015
UK announced in 2015 budget for establishment of a vast marine area The United Kingdom is making the biggest marine reserve worldwide in South Pacific Ocean. This exceptional reserve will cover the area of nearly cover 322,000 square miles around the isolated Pitcairn Islands, a British ultramarine territory that is habitat of nearly 1,249 kinds of fishes, birds, and marine creatures and also...
Japan Pushes Companies for Hike in Wages - 03/19/2015
Japanese large companies declared an increase in base wages. Shinzo Abe, Prime Minister of Japan has been persistently putting strong pressures on nationwide businesses to increase wages, very critical yet missing part of Japan’s economic growth strategy. As a result of aggressive intervention by the prime minister, Japan’s leading companies announced their plans for a major pay hike in the...
Nintendo Sets on Mobile Apps - 03/19/2015
Gaming consoles and games developer Nintendo in Japan made the first move in favor of the release of gaming applications for mobile devices. Game for smartphones and tablets will be developed with world-renowned characters: Mario, Pokemon, gorilla Donkey Kong and others. The company has signed a contract with a publisher DeNA. The transaction involves the launch of a new gaming platform. Satoru...
Chinese Yahoo! Office to be Shut Down - 03/19/2015
US Internet company Yahoo is closing its last office in mainland China. Development center and research Office will be closed in Beijing. Internet giant on par with other high-tech firms in China has faced stiff competition from local companies. Due to the closure of the office about 200-300 people will lost their job. The company informed the employees on the reduction on Wednesday. Yahoo...
Uber signs financing deal with Yongda in China - 03/19/2015
US-based mobile app ride-hailing service Uber Technologies has signed a deal with Chinese Yongda Automobiles Services Holdings to provide discount and financing for the car of Uber drivers. The Chinese luxury auto dealer will provide Uber’s partners including transportation firms and independent drivers discount on new car purchases, finance and after-sales service. The company signed this deal...
Reynolds Announces The Revised List Of Asset Related Purchase Plan - 03/18/2015
The Reynolds Group of Company has finally released its revised list of Asset related purchases including their respective due settlement date. The list is covered mainly under two scheme and can grouped under two categories. Based out of Lake Forest of Illinois and also worldwide known for their quality manufacturing and prompt consumer service, The “Reynolds Group” of Company and a portion of...