Uber is increasing the size of its security team four-fold August 16, 2015 Taxi app company Uber hopes to have increased the size of its security team from 25 people to 100 people by the end of the year, according to the FT. Read more: Uber vs black cab: Who wins among London passengers? – Brand Index The change comes as the firm, which is worth an [...]
Baxalta hints it will accept a bid from Shire, but only if it offers an extra $5bn August 16, 2015 Shire's attempt to buy Baxalta could prove successful, so long as the pharmaceutical company agrees to add an extra $5bn (£3.2bn) to its original offer. Read more: Shire share price drops following £19bn hostile takeover bid to Baxalta At the beginning of August, Shire made a hostile bid worth an estimated $30bn (£19bn) to [...]
Psst … Warren Buffett’s Berkshire Hathaway could be making a secret purchase August 15, 2015 Psst … Billionaire investor Warren Buffett's Berkshire Hathaway could be quietly making a secret purchase. The most tantalising element of a disclosure, filed with the U.S. Securities and Exchange Commission, was what had been left out. "Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission," it said. [...]
FTSE 100 gives up gains for the year August 15, 2015 Britain's top share index has given up its gain for this year, after a choppy week in equity markets. The blue-chip FTSE 100 index finished the week 0.27 per cent lower at 6,550.77. It closed at 6,556.10 at the end of 2014, although it had risen to a record 7,122.74 points in late April. Oil companies led [...]
Universities must work more closely with employers if today’s school leavers are going to flourish August 14, 2015 As another generation of young people receive their A level results, record numbers are expected to head to university next month. This is undoubtedly good news as it’s estimated that people with degrees earn around £200,000 more over their lifetime than those who did not attend university. However, it’s important that people embarking upon [...]
HSBC, Barclays and RBS among nine banks signing up to $2bn US foreign exchange settlement August 14, 2015 Nine banks including HSBC, Barclays and Royal Bank of Scotland (RBS) have agreed a $2bn (£1.3bn) settlement with US investors over currency rigging-accusations. Goldman Sachs, BNP Paribas, Bank of America, JP Morgan, Citibank and UBS also signed up to the deal, according to lawyers negotiating on behalf of the investors. A statement by law firm [...]
BP could face fine of up to $48m for natural gas market manipulation after Hurricane Ike in Texas August 14, 2015 UK oil giant BP could face a $48m fine for manipulating markets in Texas in 2008, after a US judge ruled that it had natural gas prices after a hurricane in the Gulf of Mexico sent prices tumbling. The US Federal Energy Regulatory Commission (FERC) accused BP of manipulating the market to squeeze profits illegally, [...]
US giants get UK makeover: More Britons in top roles at US companies as Coca-Cola names James Quincey president and COO August 13, 2015 Britons are taking the helm at US companies, with Coca-Cola the latest to follow in this trend. The soda giant promoted London-based James Quincey to president and chief operating officer of the company, a promotion that comes hot on the heels of Watford-born Steve Easterbrook taking over at McDonald’s. A Coke veteran of 19 years, [...]
World’s longest non-stop flight: Emirates airline announces Dubai-Panama flight, taking 17 hours August 13, 2015 If you can’t get enough of flying, you’re in for a real treat: the world’s longest non-stop flight is about to take off. Starting next spring, Emirates airline will fly non-stop between Dubai and Panama City, covering a cool 8,252 miles. You’d better hope there’s decent in-flight entertainment on board, though, because the trip will [...]
Smartphone maker HTC to cut 15 per cent of workforce after disappointing sales August 13, 2015 HTC announced today it would be axing 2,250 jobs, or 15 per cent of its workforce, after disappointing investors with yet another batch of sub-par results. The struggling Taiwanese smartphone maker’s sales missed expectations in the second quarter, and are forecast to drop further still in the months to come. Last week's earnings report reported [...]