Six major executives of Dutch banking company ABN Amro have announced that they would accept salary cuts amounting to 100,000 euros each after the huge paychecks proved detrimental to the bank’s IPO and future. The Dutch government has announced that it plans to sell off the bank now that the senior managers have agreed for the pay cut. The lawmakers in the country protested the bank’s IPO...

Humana Inc. is all set to implement the next two-years step in reducing further its greenhouse gas emissions. The said company is an exemplary one, in fulfilling its Corporate Social Responsibilities. Louisville, Kentucky- 19 March 2015- Many companies attended the event organised by White House in the presence of President Obama. Humana Inc., an American health care company, too was a part of it...

South Korea's Samsung Electronics is strengthening its position in the semiconductor industry. At this rate, the company can really get ahead of the leader of the sphere - US Intel, writes Business Korea citing analysts. At the same time, Samsung reduces advertising costs and salaries. It is reported that Samsung has managed to close the gap on the equity index from Intel to 3%. In the first...

The Apple Company CEO, Tim Cook, is planning to give away his fortune to charity after he provides the education of his 10-year-old nephew, according to Reuters. According to Cook, he had already allocated money for charity, but in his plans, there is something more. The Apple CEO plans "do not just write checks", but to develop a systematic approach to this process. Cook’s net asset value,...

Game publisher Electronic Arts has sent a press release on its recent changes to the multiplayer economy in its top-selling game series, FIFA Ultimate Team (FUT). The company introduced FUT cards with different price ranges this month and provided a maximum and minimum price range for each card to be sold. The players of the game backlashed on the online media noting that this move has made...

The deal between Kraft and Heinz creates the fifth largest food giant in the world. The two major food packaging companies, Kraft and Heinz are merging to form one of biggest food and beverages company worldwide. This deal was arranged by Warren Buffet and 3G Capital Partners. However, the companies have not yet revealed the amount of the deal. The merged entity will be named Kraft Heinz Co....

Japan’s economy, shaking at the edge of deflation is staggered by low domestic demand, an aging population, and rising inflation. Japan’s prime Minister, Shinzo Abe has been in highlights due to his implementation of strong and bold policies to deal with the nation’s economic difficulties. Japan’s sluggish growth in the fourth quarter 2014 was far below the expectations. This signals that the...

The German company Adidas announced plans aimed to rapid return of the production capacity from Asia to Europe, according to Reuters. The company aims to move its clothes production closer to customers: options with the opening production plants in the store so that customers can personalize your purchase are being discussed. Adidas has been giving ground to the main competitor - American Nike -...

American electronics retail chain Radioshack has auctioned its customer information data as part of its bankruptcy procedure. The company, which filed Chapter 11 for bankruptcy protection this year, has been in steady financial decline for the past several years. Though the company is not worth enough for other potential bidders to take stock of its situation and buy it, the data list is surely...