Search This Blog

January 12, 2013

US lawmakers: Wal-Mart CEO knew of Mexico bribe claim

WASHINGTON/CHICAGO: US lawmakers increased public pressure on Wal-Mart Stores Inc on Thursday by releasing company emails they said contradicted prior statements about when senior executives knew of bribery allegations tied to its Mexican affiliate.

January 11, 2013

France calls for report on tax-dodging by multinationals

PARIS (Reuters) - The French government has asked for a report that will outline ways to stop multinational companies dodging taxes, a practice that indirectly stifles local companies, culture minister Aurelie Filippetti said.

January 10, 2013

UBS fires eighteen over Libor-rigging scandal

Eighteen UBS staff were sacked over the Libor-rigging scandal that saw the bank hand over $1.5bn (£940m) to regulators, the second-largest fine ever paid by a bank.

January 08, 2013

Jaguar Land Rover expects 'positive' 2013 in UK

LONDON: Premium automaker Jaguar Land Rover said UK vehicle sales rose 19.7 per cent in 2012 and new launches meant its outlook for 2013 was "positive".

January 06, 2013

Why car sales are strong in US

DETROIT: It's not quite boom times for the US auto industry. But it's getting there. Sales of new cars and trucks are likely to reach 14.5 million for 2012. And if they climb much beyond that, they'll be closing in on a high set in 2005.

January 05, 2013

Goldman chiefs got $65m of share awards before tax vote

Goldman Sachs chief Lloyd Blankfein and nine other executives exercised stock options worth $65m (£40m) hours before US politicians voted in favour of higher tax rates on wealthy individuals as part of its "fiscal cliff" deal, filings show.

January 04, 2013

Starbucks to open first store in Vietnam

Starbucks will open its first store in Vietnam next month, the Seattle-based coffee behemoth said Thursday.