The U.S. bank faces a tough month from financial angle. The Wells Fargo’s C.E.O Stumpf will be losing his “$41m” compensation amount following the “fake account scandal” of the U.S. bank.   The ex-head of “community-banking, now retired, Carrie Tolstedt, will also be affected in her pay, for...

Facebook reaches another record mark in its advertisers’ clientele base. Facebook hits “4m” advertisers’ record through its site as well as mobile app, whereby they reported an increment of thirty three percent in the same number within the period of “last seven months”.   Many small...

The world's largest retailer Wal-Mart Stores is negotiating with Flipkart, the largest Internet company in India, according to a source familiar with the situation. If the parties agree on cooperation, Wal-Mart will be able to strengthen its position in the market of Asia's third-largest economy....

After OPEC leader Saudi Arabia softened its stance on arch-rival Iran amid mounting pressure from low oil prices, the oil cartel agreed on Wednesday modest oil output cuts in the first such deal since 2008.   "OPEC made an exceptional decision today ... After two and a half years, OPEC...

The majority showed their consent for the takeover transaction at SABMiller & AB InBev. On Wednesday, the 28th of September 2016, the shareholders of SABMiller gave their approval for the “$100bn takeover offer” given by “Anheuser-Busch InBev”.   Over ninety five percent of SABMiller’s...

Mexican government released the news of Cisco’s plans in the country. Cisco Systems Inc. is known in the U.S. for making “networking equipments”, whereby the company now has plans of expanding in Mexico which would cost over “$4 billion” between the period of “2016 and 2018”, informed the...

Aetna to provide a significant discount on Apple Watch to some of its customers. Aetna Inc. is going to give out Apple’s Smart-watches in discount to some of the customers, whereby kick starting the “first deal” between the “tech giant” and “an insurer”.   Moreover, almost “50,000 employees”...

A new report on the prospects of Initial Public Offerings (IPO) estimates that there would be a strong bounce-back in activity in the market in 2017 even as the market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty.  ...

Airbus Corporation has received billions of dollars in subsidies from the European Union. In 2011, the EU has not fulfilled an order of the World Trade Organization (WTO) to return the funds within six months. This a conclusion is contained in the WTO’s report published at the end of last week. In...