Daily Management Review
Business & Finance

Citigroup Levied $15 Million Penalty for Violating U.S. Compliance Regulations

A unit of Citigroup Inc will have to cough up a whopping $15 million in order to settle a slew of civil charges that were placed against the bank alleging that the bank failed to enforce policies that were designed to prevent and detect insider trading, according to US regulatory sources. This is...

New LinkedIn App to Help Professionals

LinkedIn is all ready to unveil a new application that would help professionals to be more productive and successful by helping them easily find, learn about, and contact their co-workers. The announcement was made in a blog written by the co-founder Ankit Gupta. The concept of the new...

Tianjin Explosions Will Come at a High Cost to Insurers

The cost of insurance claims following the devastating explosion at the Chinese port of Tianjin, which occurred last week, may exceed the initial estimate and cause serious financial difficulties for local insurance companies, the agency Fitch reports. Analysts at Credit Suisse, based in their...

Monster on a Turn-Around Path in the Near Future

With increase in demand in North America and the APAC region Monster Worldwide's business is forecast to turnaround in the coming quarters.   The revenues of the company are expected to increase from the third quarter of 2015.   There would however be macro-economic and competitive...

UK Government’s Stake in King’s Cross to go Under the Hammer

As the sell-off of state assets gathers pace in the UK, the government is all set to sell off the taxpayer’s stake in London’s King’s Cross development. The taxpayers hold 36.5% stake in the King’s Cross Central Partnership. The government has been developing the site through a private group...

Newly Acquired GE Capital Bank’s Online branch to Help Goldman Sachs to Offer Personal & Business Loans

With the aim to achieving greater funding diversification and strengthening of its liquidity profile, Goldman Sachs Bank USA, a unit of Goldman Sachs, will buy out GE Capital Bank's on-line deposit platform. This is the first time that the US based global bank is entering the on-line...

Apple Says it Hired 65 Percent More Women in 2014, Likely To Delay Its LiveTV Launch

In an effort to boost employee diversity, Apple Inc claimed to have hired over 11,000 women globally in the past year which was 65 percent more than the company did a year ago. While admitting that a lot more remains to be done as far as employee diversity was concerned, Chief Executive Tim Cook,...

Iran Will Present 45 Oil and Gas Projects in London

Iran chose the 45 oil and gas projects to introduce to international investors at a conference in London on 14-16 December. The conference participants discuss the procedure for the conclusion of new contracts on the eve of the auction for the right to develop fields in Iran. Tehran intends to...

AT&T Forecats Profits After DirecTV Acquisition, Reports Inrceased Revenues

Following the DirecTV purchase and investments in Mexico, AT&T Inc expects revenue, earnings and free cash flow to grow through 2018 despite the company engaging in higher capital expenditure. Revenue generation is expected to increase from the video assets of DirecTV's and the expanding...

Motorola Woes Half Lenovo's Net Profits, 10% Job Cuts Announced

With first quarter year-on-year net profits plunging 51 percent despite the revenues rising by 5 percent, China's Lenovo Group Ltd announced it will lay off 10 percent of its white-collar staff on Thursday.  The total loss of jobs is expected to be around 3,200. The results were below the...
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