Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:26278
Posts / Week:107.7
Archived Since:June 8, 2011

Blog Post Archive

Sharp skyrockets on bailout offers

Sharp skyrocketed on Thursday with the hard-hit Japanese electronics giant saying it was mulling rival bailout offers. ||| Tokyo - Sharp skyrocketed on Thursday with the hard-hit Japanese electronics giant saying it was mulling rival...Show More Summary

Shell profit plunges 87%

Royal Dutch Shell on Thursday announced an 87 percent plunge in annual net profits on slumping oil prices. ||| Amsterdam - Royal Dutch Shell on Thursday announced an 87 percent plunge in annual net profits on slumping oil prices. The...Show More Summary

Vodafone reaps European rebound

Vodafone reports service revenue that showed a rebound in Europe, and demand for voice and data in Africa and Asia. ||| Stockholm - Vodafone Group, the second-largest mobile-phone company by customers, reported service revenue that showed...Show More Summary

Google’s search chief is going

Google says Amit Singhal, the long-time chief of its Internet search business, will retire. ||| San Francisco - As one of Google's earliest search pioneers steps down and the company's leader in artificial intelligence takes his place,...Show More Summary

Daimler sees slow growth in 2016

Daimler, the maker of Mercedes-Benz cars, expects growth to slow in 2016, predicting only “slight” gains in revenue and earnings. ||| Munich - Daimler, the maker of Mercedes-Benz cars, said growth will slow down in 2016, predicting only...Show More Summary

Outsourcing works in favour of UK bank

Standard Chartered defends decision to outsource processing and other services in markets such as Zimbabwe to hubs in India and Kenya. ||| Harare - Standard Chartered has defended its decision to outsource processing and other services...Show More Summary

London trader to fight extradition

The London-based trader accused of helping to cause the 2010 Wall Street “flash crash” is trying to block his extradition to the United States. ||| London - The London-based trader accused by US authorities of helping to cause the 2010...Show More Summary

June deadline for Panama Canal expansion?

A new set of larger locks for the Panama Canal will be complete by the middle of this year, says the waterway's administrator. ||| IPanama City - A new set of larger locks for the Panama Canal will be complete by the end of June, the waterway's administrator said on Wednesday, after builders repaired cracks that had formed in the concrete walls. Show More Summary

Microsoft buys startup SwiftKey for $250m

Microsoft will buy SwiftKey; best known for its software that replaces the keyboard on phones and tablets manufactured by Apple and Alphabet. ||| London - Microsoft has agreed to buy UK startup SwiftKey, the application company bestShow More Summary

Glencore must offset mining woes

Glencore needs its commodities-trading division to help offset a slowdown at its mining unit as the commodities rout deepens. ||| London - Glencore needs its commodities-trading division to help offset a slowdown at its mining unit as the rout in raw-material prices deepens, according to Standard & Poor’s. Show More Summary

UK extradites fugitive from SA

UK prosecutors have extradited a British company director almost a decade after he fled to South Africa to avoid a jail sentence. ||| London - UK prosecutors have extradited a British company director almost a decade after he fled to South Africa to avoid a jail sentence for fraud-related offenses, the Serious Fraud Office (SFO) said on Wednesday. Show More Summary

Lenovo stock slumps on slower sales

Lenovo Group plunged in Hong Kong trading after quarterly revenue declined for the first time in more than six years. ||| Beijing - Lenovo Group plunged in Hong Kong trading after quarterly revenue declined for the first time in more...Show More Summary

Google slammed for ‘obscene’ tax avoidance

Veteran British MP Dame Margaret Hodge takes aim at Google over its global tax rate. ||| London - A leading critic of multinational tax avoidance schemes has condemned the web giant Google as “completely obscene” after the world's most...Show More Summary

Amazon eyeing real-world bookstores

Amazon has already dipped its toe into the waters of brick-and-mortar stores - and there are reports of further such moves. ||| New York - Amazon.com plans to open up to 400 physical bookstores, an executive of a major US mall operator said on Tuesday. Show More Summary

Nigeria asks African Development Bank for help

Nigeria has approached the African Development Bank for a $1 billion loan to help fund an increased budget deficit. ||| Cape Town - Nigeria, reeling from the oil price plunge that has slashed vital revenues, has asked the African Development Bank for a $1 billion loan to help fund an increased budget deficit, the AFDB said on Tuesday. Show More Summary

Lenovo’s profit beats estimates

PC maker Lenovo posts 19% increase in quarterly profit as cost controls counter the impact of China’s faltering economy. ||| Beijing - Lenovo Group posted a surprise 19-percent increase in quarterly profit as stringent cost controls countered the impact of a faltering Chinese economy and stalling demand for smartphones and personal computers. Show More Summary

BP to axe another 3 000 jobs

Energy firm BP’s latest redundancies will be made by the end of 2017. ||| London - BP's chief executive Bob Dudley warned that this year is also “going to be tough” as he revealed the tumbling oil price had pushed the group to its biggest-ever annual loss in 2015 - and announced thousands more job cuts. Show More Summary

Alphabet unseats Apple as most valuable company

Google parent Alphabet steals a long-held crown from Silicon Valley rival Apple. ||| San Francisco - Google parent Alphabet is now the world’s most valuable company, stealing the crown from Silicon Valley rival Apple after reportingShow More Summary

KFC wins payout over ‘mutant chicken’ rumours

Court fines three Shanghai tech firms for helping to spread rumours about Yum Brands’ KFC restaurant chain. ||| Shanghai - A Shanghai court has fined three local tech firms for helping spread rumours about Yum Brands’ KFC fast food chain that included doctored photos of deformed chickens and allegations the birds had six wings and eight legs. Show More Summary

Yahoo weighs ‘strategic alternatives’

Yahoo will slash 15 percent of its workforce as it continues with its plan to revamp the business. ||| San Francisco - Yahoo said on Tuesday it would consider “strategic alternatives” for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. Show More Summary

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