Business

After Disasters, Stricken Malaysia Airlines Staff Brace For Job Cuts

As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines (MASM.KL) flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief. The 19,500...

Apple Planning 12.9-inch iPad For 2015: Bloomberg

Apple Inc (AAPL.O) is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the matter as saying...

Kleiner To Invest In Messaging Startup Snapchat At Near-$10 Billion Valuation: Report

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Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter. The venture-capital...

UBA Group Appoints Tony Elumelu As Chairman

SAN FRANCISCO, August 25, (THEWILL) – The Board of United Bank for Africa Plc (UBA) Monday announced the appointment of Mr. Tony O. Elumelu as Chairman, succeeding Ambassador Joe Keshi. The announcement was made in a statement signed by the Divisional...

Hackers Attack Sony PlayStation Network

A group of hackers calling themselves "Lizard Squad" has taken down several popular online video game networks and possibly diverted an American Airlines jet carrying a Sony executive. Over the weekend, Blizzard Entertainment, CCP Games, Riot Games and Sony (SNE)...

German Business Morale Sours In August As Ukraine Crisis Weighs

German business sentiment dropped for a fourth straight month in August as concerns about the Ukraine crisis and the impact of sanctions against Russia sweep through corporate boardrooms in Europe's largest economy. The Munich-based Ifo think tank's business climate index,...

Exclusive: IRS Enforcement Agent Numbers Could Drop To Lowest Levels Since 1970s

Budget pressures at the Internal Revenue Service's Criminal Investigation Division are cutting the number of investigators there to the lowest level in four decades, and officials say the changes are forcing the division to scale back its fight of...

Roche To Buy U.S. Biotech Firm InterMune For $8.3 Billion

Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, helping the world's leading maker of cancer drugs expand into the treatment of rare or incurable diseases. Roche's efforts to produce successful non-cancer...

How British Business Has Been Hit By The Ebola Epidemic

British companies are braced for a “significant impact” on revenues after being forced to retreat from operations in west Africa in the face of the worst ebola outbreak in history. Almost a dozen UK companies with operations in Sierra Leone,...

French Economy Minister Says Austerity Measures Sapping Growth

Montebourg's interview with Le Monde daily came days after President Francois Hollande said he would accelerate reforms but not back away from his supply-side economic policy, based on bigger tax cuts for business. The outspoken minister, a fierce critic of...