Royal Bank of Scotland, which is 82% owned by taxpayers after a government bailout, is accused of pushing struggling small firms into its turnaround unit, for it to have reasons to charge higher interests, and in turn, take over their assets.
Firm Management
Zuckerberg says U.S keeps disappointing with regards to privacy matters
Facebook CEO Mark Zuckerberg gave his thoughts about NSA surveillance techniques in an episode of 'This Week on ABC today.' Zuckerberg thought that the government failed regarding its actions on privacy matters and calls for more transparency.
Uber strikes deal to lower down costs of car ownership to get more drivers on its platform
Uber, a ride solutions provider, is aggressively pushing for more drivers on the road that it had struck a deal with car manufacturers and auto finance firms to provide Uber drivers which better rates to own a vehicle.
Peugeot head Varin wants former Renault COO Tavares to replace him - sources
PSA Peugeot Citroen Chief Executive Officer Philippe Varin reportedly wants to tap the former chief operating officer of Renault SA to replace him as he steps down next year.
Report says Yahoo's push to hire Katie Couric signals increased efforts to turn company around
A Bloomberg report said the move to get former CBS anchor Katie Couric to join the team at Yahoo! Inc was an accelerated effort of Chief Executive Officer Marissa Mayer's efforts to reinvigorate the tech giant's business.
Latest News
Representatives from the German service sector Union Verdi, informed the public that they plan to walk out for at least one day on Monday. It has already organized several short strikes this year in a bid to force Amazon to accept a collective agreement on a dispute over pay and work conditions.
Babcock, UK's leading engineering support service is in exclusive discussion to acquire a stake in helicopter transport services company, Avincis. Being a part owner of Avincis would open doors to lucrative defense contracting markets for Babcock, particularly in Spain and Italy.
During a panel discussion with Daimler CEO in Berlin on Saturday, Dieter Zetsche, said he would 'welcome' a Chinese investor. Daimler also took a 12% stake with Beijing Automotive Group.
Sheet music app Tonara rolls out interactive score synchronization to help musicians and stage techs
Tonara, an interactive sheet music app has rolled out a new score synchronization feature for the iPad. The new score synchronization feature allows musicians to review their practice sessions and in the future, power stage management functions as well.
Travel startup GetYourGuide, whose platform streamlines the booking of vacation excursions, rolls out to the U.S Market having successfully launched in Europe, having garnered over 210,000 European mobile users in just a month.
Daric, a new peer to peer lending platform will go live on Nov 27th, 2013 barring any unforseen regulatory issues. The platform differentiates itself by focusing on user experience and less hassle without borrowers needing to upload any files in the application side.
Former Bang with Friends app is rebranded and relaunched as Down after a trademark dispute with Zynga. They have also launched on Android and has re-adjusted their approach instead of just hookups.
Europe's top carmaker Volkswagen (VW) has revealed its plan to invest EUR84.2 billion in the next five years for technology upgrades and modernization of its plants.
PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
