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McDonald's sued for racial discrimination in Virginia

Jan 29, 2015 at 12:27 | Source: BBC

Ten former McDonald's workers have sued it in the Virginia federal court for racial and sexual discrimination. The suit alleges that some employees were fired from one franchise because there were too many black people . It is being backed by a ...

McDonald's boss Don Thompson out after nearly three years

Jan 29, 2015 at 12:27 | Source: BBC

McDonald's boss Don Thompson is stepping down after two and a half years in the job, as the company continues to struggle with a declining customer base in the US. He will be replaced by British-born Steve Easterbrook, the company's current...

Apple posts the biggest quarterly profit in history

Jan 28, 2015 at 12:32 | Source: BBC

US technology giant Apple has reported the biggest quarterly profit ever made by a public company. Apple reported a net profit of $18bn (£11.8bn) in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, a...

Yahoo to spin-off Alibaba shares as earnings slide

Jan 28, 2015 at 12:32 | Source: BBC

Yahoo has announced a plan to spin-off its 15% stake in China's Alibaba Group and hand the business to its shareholders. In creating a separate company that is made up of its stake in Alibaba, Yahoo will avoid a large tax bill. Yahoo also report...

Mattel boss resigns on Barbie sales slide

Jan 27, 2015 at 00:41 | Source: BBC

Mattel has removed Bryan Stockton as chief executive and chairman following a 6% fall in sales in the crucial Christmas season. The Barbie doll and Fisher-Price toymaker said board member Christopher Sinclair would replace Mr Stockton as chairman and...

ECB easing pushes European equities to 7-year high, euro sinks

Jan 24, 2015 at 22:15 | Source: FirstPost

NEW YORK (Reuters) - European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank's plan for massive regional economic stimuli that also knocked the euro to 11-year lows.Wall Street mostly fell on soft corpo...

Ipca Labs stock tanks 8% on FDA import alert for Ratlam plant

Jan 23, 2015 at 17:16 | Source: FirstPost

Mumbai: Shares of Ipca Laboratories ended with a steep loss of over 8 percent today after the US health regulator issued import alert on drugs produced at its Ratlam facility in Madhya Pradesh. After plunging 8.9 percent to Rs 637 in intra-day trade ...

Taking on Yelp: Zomato plans to raise $80 mn more to expand in US, Australia

Jan 22, 2015 at 11:12 | Source: FirstPost

In order to create a war chest to take on Yelp in the US, Zomato plans to raise $80 million from both existing and new investors, media reports said.The India-based restaurant listing website had earlier this month acquired Urbanspoon for $52 million...

Battling Yelp: Zomato likely to raise $80 mn but the war chest it creates is a pittance

Jan 22, 2015 at 10:53 | Source: FirstPost

In order to create a war chest to take on Yelp in the US, Zomato plans to raise $80 million from both existing and new investors, media reports said.The India-based restaurant listing website had earlier this month acquired Urbanspoon for $52 million...

New highs: Sensex crosses 29,000-mark, Nifty hits new peak of 8,754.65

Jan 22, 2015 at 10:15 | Source: FirstPost

Mumbai:Continuing their record-settingspree for the third straight session, the benchmark BSE Sensexcrossed the 29,000-mark for the first time and the NSE Niftyhit a new peak of 8,754.65 in opening trade today on robustfund inflows amidst a firming t...

Toyota gives first forecast for shrinking sales in at least 15 years

Jan 22, 2015 at 00:15 | Source: FirstPost

TOKYO (Reuters) - Toyota Motor Corp projected a drop in vehicle sales for the year ahead, its first such bearish forecast in at least 15 years, as flagging demand in Japan, Indonesia and other key markets raises the chance that Volkswagen will steal ...

Asian shares higher on China's growth data

Jan 20, 2015 at 12:32 | Source: BBC

Asian shares traded higher on Tuesday after China's economic growth in 2014 came in above market expectations. China's economy expanded by 7.4% last year, down from 7.7% in 2013, but above forecasts of about 7.2% growth. Shares across the r...

Asian shares higher ahead of China GDP data

Jan 20, 2015 at 07:12 | Source: BBC

Asian shares traded mostly higher as investors awaited key economic growth figures from China on Tuesday. The fourth quarter gross domestic product figures are expected to show that growth in the world's second largest economy has eased to its s...

Oil slips $1 on China economy worries, record Iraq output

Jan 20, 2015 at 02:15 | Source: FirstPost

(Reuters) - Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.The world's biggest energy consumer, China, faces significa...

Gold slips from four-month high, haven appeal lends support

Jan 20, 2015 at 00:15 | Source: FirstPost

LONDON (Reuters) - Gold eased from four-month highs on Monday as investors cashed in some of last week's hefty gains, though prices were still supported by wider market volatility that boosted the metal's appeal as a haven from risk. A market rout af...

Alpari UK currency broker folds over Swiss franc turmoil

Jan 17, 2015 at 03:36 | Source: BBC

West Ham football club sponsor and currency broker Alpari has shut its UK arm following the Swiss National Bank's decision to end its capping of the Swiss franc against the euro. The foreign exchange broker said in a statement that the move had ...

Exclusive - Volvo to sell Chinese-made cars in U.S. this year -execs

Jan 11, 2015 at 23:15 | Source: FirstPost

BEIJING (Reuters) - Volvo Car Group plans to export a Chinese-made midsize sedan this year to the United States, and is starting to weigh the possibility of building a vehicle factory in the United States, people familiar with the Chinese-owned autom...

Stocks in Asia upbeat following positive US gains

Jan 09, 2015 at 11:11 | Source: BBC

Stocks in Asia were boosted again on Friday, after US markets moved higher on expectations of positive US jobs data due out later in the day. Japan's Nikkei 225 was up more than 0.8% in early morning trade. Markets were also given a boost by spe...

Lupin launches generic Diovan tablets in US market

Jan 06, 2015 at 17:57 | Source: FirstPost

New Delhi: Drug maker Lupin has launched generic version of Diovan tablets, a hypertension drug, in the US market after getting approval from the American health regulator.Lupin Pharmaceuticals Inc, the US-based subsidiary of the company, has launche...

Jubilant Life gets USFDA nod for generic anti-hypertensive tablets

Jan 06, 2015 at 17:51 | Source: FirstPost

New Delhi: Drug firm Jubilant Life Sciences has received final approval from the US health regulator for generic anti-hypertensive Valsartan tablets and the company plans to launch the product immediately.The company has received final approval from ...

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