On Monday, World Bank’s Chief Financial Officer said that the bank had planned to cut USD400 million from its budget as a part of a sweeping reorganization.
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Hope glimmers amid US partial shutdown
A few glimmering hope had surfaced on Monday in the middle of the US partial shutdown as US President Barack Obama said he would accept a short term increase in the nation's debt ceiling, said a Reuters report.
Blackberry shares increase following news on potential buyers
BlackBerry shares rose last Monday after reports of potential strategic buyers taking interest in the struggling smartphone maker, said a Reuters report.
Alcatel-Lucent to cut jobs- reports
Alcatel-Lucent would push a cost cutting drive to save EUR1 billion by 2015 through cutting jobs by 1000, reported Les Echos and Le Figaro newpapers on their websites.
Wall Street falls after no move to resolve US shutdown
US stocks fell that marked an extended two weeks of losses following the partial shutdown of the US government over budget issues, said a Reuters report.
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Billionaire Mark Cuban said during a court trial last Monday that the stake he sold from an Internet search firm was long been planned.
Former World Bank President Robert Zoellick would rejoin investment bank Goldmans Sachs Group as chairman for its international advisory board, said a Reuters report.
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.
Xylem appointed H Balasubramaniam as the company's managing director for its India operations. Xylem Inc was born as a spin off from ITT Corp. Xylem is a water technology company and it announced the appointment of General Electric executive H.
DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
The dismissal, which is a win for telephone companies, upheld the FCC mandated rules on fees charging and infrastructure use.
Riveron Consulting has hired business development and leadership expert Tony Martorano. Tony Martorano, the business development and leadereship veteran, was recently engaged by Riveron Consulting's Chicago as its new director of business development.
LG Display said on Monday it would be launching a flexible display for smartphones. On Monday, LG Display chief technology officer Sang Deog Yeo confirmed in a statement that it would be presenting its first curved screen for smartphones.
