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Strong Q2 Profits Prompt Toyota To Announce $1.8 Billion Share Buyback

Japan’s auto giant Toyota Motor Corp posted strong second quarter earnings and beating forecast driven by higher global vehicle sales and a much better performance in the North American market. This prompted the company to announce that it was planning a share buyback worth $1.8 billion.  ...

McDonald's CEO Resigns Due To "Consensual Relationship" With A Subordinate

The Chief Executive Officer of one of the largest fast food chains of the world was forced to resign because of a consensual relationship with a junior employee.   Steve Easterbrook, CEO of McDonald's, was ordered to relinquish his position after the company’s board directors found that he...

1 In 2 Abusive Tweets Removed By Twitter Tech Tools In H1 Of 2019

Twitter has said recently that during the first half of the current year, the technology tools that are used by the company managed to remove one in two tweets that were found to contain abusive content and were posted on the platform. Twitter, Facebook and other such social media platforms have...

Hacking Via WhatsApp Targeted Gov. Officials Worldwide: Reuters

According to a report published by the news agency Reuters, earlier this year, hacking software was attempted to infect the phones belonging to senior government officials in a number of allied countries of the United States who used Facebook Inc’s WhatsApp app. The hackers attempted to put in a...

Global Economic Bellwether Firm Shell Warns Of Slow Share Buyback

A warning that a major share buyback plan that had been announced by Oil giant Royal Dutch Shell earlier could be slowed down because of grave economic conditions was issued by the oil major on Thursday. This announcement of the company spooked investors of the company.   The worsening...

Sony Pictures Clocks Huge Profits For Q2 At $366 Million

Compared to mere $3 million in profits for the first quarter, Sony Pictures recorded a huge jump in profits amounting to $366 million for the second quarter. In the same quarter a year ago, the company had posted a profit of $211 million. The second quarter profits of the company was driven by hits...

Global Economic Pressures Force Volkswagen To Lower Sales Outlook

A more than expected slowdown in the global auto market all around the world has caused German auto giant Volkswagen AG to lower its annual outlook for vehicle deliveries this year. The auto industry is experiencing a slowdown because of economic issues in Europe and a prolonged slowdown in the...

Saudi Energy Minister Says Saudi Crown Prince To Decide On Soon To Come Aramco IPO

The Crown Prince of Saudi Arabia Mohammed bin Salman will soon be taking a decision about the initial public offering for the state-owned oil company Saudi Aramco which can be expected to be launched soon, said the energy minister of Saudi Arabia.   "It is going to come soon ... but it will...

Fiat Chrysler Confirms Negotiations With PSA For A Possible Merger

Discussions about a possible partnership between Peugeot, Vauxhall owner PSA and car giant Fiat Chrysler is currently ongoing. This news of a possible tie up was recently confirmed by Fiat Chrysler.    The talks were also confirmed by PSA, which operates UK Vauxhall factories at...

Major Restructuring At Deutsche Bank Pushes A 832 Million Euro Loss

The third quarter performance of the German lender Deutsche Bank reported a new t loss that was more than what the markets were expecting as the bank’s performance was impacted by a major restructuring plan being implemented in the company.   During the third quarter, the bank made a net...

Aramco’s Planned IPO To Being On Nov. 3: Reuters

A Reuters report based on information from sources claimed that Saudi Aramco is set to announce the launch of its Initial Public Offering (IPO) on November 3. The much awaited IPO, the largest ever in history, had been delayed a number of times – including earlier this month, so that advisers have...

Faulty Boeing Design Pointed At In Indonesia Report On 737 MAX Crash

According to Indonesian investigators probing the fatal crash of the a Lion Air flight last October, the seeds of the accident were sowed in the lack of understanding in the part of Boeing about the risks in the design of cockpit software on its 737 MAX craft and added that such an action was also...
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