Citigroup Inc, the world's largest financial services firm, has announced that it will eliminate 17,000 jobs or almost 5 per cent of its total global workforce and plans to move 9,500 positions to India and other low-cost locations. The decision has...
Tag - Business Strategy
Shareholders of the News Corporation have approved a plan to swap its stake in DirecTV and $550 million cash for Liberty Media's estimated $11 billion stake in the company. The $11 billion asset swap will increase Rupert Murdoch's control over the...
Northwest Airlines Corp., that expects to emerge from bankruptcy-court protection in June, has said that its creditors approved a plan in which the carrier's top 400 managers would receive 4.9 percent of the equity of the reorganized company in...
Circuit City, the US consumer electronics retailer, has recently announced that it would cut around 8 percent of its US store staff and replace them with cheaper hires, in a move that underscores the anxiety facing US retailers as they struggle to...
The Blackstone Group, the world's leading private equity firm, is reportedly planning for an initial public offering that could value the company at more than $30 billion, according to the firm's executives briefed on the plan. However, a final...
Halliburton Co.'s recent decision to move its headquarter to Dubai from Texas has triggered a political firestorm as Senator Hillary Clinton and other top Democrats expressed outrage at the oil services giant. US Democrats now planning to seek a...
Halliburton Company, the energy services giant and controversial defense contractor, has recently revealed that it is opening of a corporate headquarters office in the United Arab Emirates. The announcement was made at a regional energy conference in...
Microsoft Corporation, the software giant, has prepared to launch a fierce attack on its core competitor Google, accusing that the Web search leader takes a cavalier approach to copyright protection. Microsoft has alleged that the internet company...
The political row over the future of Europe's aircraft-maker, Airbus, was finally resolved as French and German shareholders agreed to a restructuring plan likely to lead to 10,000 job losses. The positive signal came when the main German...
Intel Corp. is planning to invest something between $1 billion and $1.5 billion to upgrade its chip factory in New Mexico. The company is also increasing a bet on a new manufacturing technology that could aid the company's battle with Advanced...
Microsoft Corp. has recently announced that it will buy Medstory Inc., a California-based start-up company that develops Web search technology for medical information. Microsoft has taken this decision to buy a small consumer health Web-search...
Japan's Toyota Motor Corp., seriously concerned to increase manufacturing capacity in North America to ward off any potential trade concerns, is likely to choose Tupelo, Miss., as the site for the eighth North American assembly plant. However, it...
TXU, the leading energy provider in Texas, has reportedly tentatively agreed to a $45 billion buyout that would not only be the largest private-equity deal in history. The deal would also feature an interesting twist in the story; the buyers have...
The prospective acquirers of TXU Corp. have pledged to cancel proposals to build eight of 11 controversial coal-fired power plants in Texas, in case if they gain control of the company. The move is especially designed to neutralize one of the biggest...
Univision Communications Inc., the largest Spanish-language broadcaster of the U.S., could face a record $24 million fine from the Federal Communications Commission for failing to meet government rules for educational children's programming. The...
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