AstraZeneca is facing serious issues with regard to its executive salary after a profit cautioning. Investors want the company to link Pascal Soriot's pay with revenue target.
Archives
EU grills Google, Apple, other US firms over tax issues
European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.
Canada's Prime Minister Trudeau to forego stimulu; Budget deficit may be C$30bln
Justin Trudeau, the new Prime Minister of Canada, has ruled out any possibility of new stimulus funds as new budget deficit is expected to be C$30 billion ($22.5 billion). Canada’s Finance Minister Bill Morneau will present the budget on 22nd of March 2016.
Next Insurance Raised $13 Million In Seed Funds
Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.
Bitcoin Update: Microsoft to Continue Accepting Bitcoin Payments
Many speculates why Microsoft stops accepting Bitcoin as a mode of payment for purchasing apps in its Windows Store. Users became alarmed since they can no longer add Bitcoins to their account and existing balance can no longer be refunded. A Microsoft spokesperson apologized for the incorrect information and said that it will be taken care of.
Latest News
BitTeaser's Blockchain Ad Network Will Change Online Advertising With Pay-Per-Click and Other Models
The emergence of blockchain ad network system provided by BitTeaser is changing the online advertising markets. With the blockchain-based system, any webmaster can now join the advertising sector regardless of the website’s traffic.
French energy company Electricité de France SA asked for financial support from French government. The company is facing problem in a £18 billion ($25 billion) nuclear power plant project in Sommerset, England.
US Securities and Exchange Commission (SEC) has slapped penalties on AIG's three affiliates for steering customers to high-fee products. AIG is also offloading its brokerage unit owing to stringent norms. AIG has agreed to pay $9.5 million for settling the regulator's claims.
In the wake of the Al-Qaeda attack on a beach resort in Ivory Coast, the country’s president has tighten the security measures across the nation. Ivory Coast is striving to improve its economy, especially through foreign investment.
Fastjet founder Stelios Haji-Ioannou has called for removing its CEO and suggested for other restructuring. Though the African budget carrier has decided for keeping the CEO as an advisor for another year, but finally decides to address its founder’s call. However, the founder has accused the Fastjet CEO for representing unrealistic revenue forecast.
Fever-Tree announced an increase of 71% in revenues for the year ended December 31, 2015. The company's profit was helped by its recent deals with EasyJet, British Airways and Marks & Spencer.
Liverpool FC's Ian Ayre is to step down as CEO after his current contract ends next year. The club’s owner has been trying to convince him to stay, but without success.
Voters will decide whether to approve the expansion of casino in New Jersey beyond Atlantic City. A referendum will be held in November as state's legislature approved the ballot plan on Monday.
Founder and CEO of Under Armour Kevin Plank shared his success in building Under Armour into billion dollar company in SXSW annual event on Tuesday. His recipe is simple: make profit.
