With the aim of allowing the company to focus on its cloud services business and other fast-growing units, the struggling IT services business of Hewlett Packard Enterprise Co would be spinned off and would be merged with Computer Sciences Corp, HP said in a recent announcement.   Following...

SWIFT interbank payments system is planning to launch a new safety program after a series of thefts in the system. The new plan to combat cyber threats was presented by SWIFT’s Head Gottfried Leibbrandt on financial services conference in Brussels, reports Financial Times. SWIFT wants banks to...

Today, one of the leaders of the world business aviation market, Canadian Bombardier, has released a ten-year forecast. The document says that up to 2025, the market will require more than 8 thousand new business jets worth a total of $ 250 billion. The largest market will be North America,...

As news of management squabbles added to concerns over the proposed merger being review by antitrust regulators, growing doubts were expressed by Wall Street analysts about the pending $54 billion merger of U.S. health insurers Anthem Inc and Cigna Corp on Monday.   The shares of both the...

One of the world's largest insurance companies - French Axa - announced its intention to sell all of its shares and bonds of tobacco companies totaling € 1.7 billion, thus fully stop investing in the tobacco industry. This should please the fighters with tobacco companies. Just now, the tobacco...

A new strategy for surviving in Business - hiring workers by the day, is being used by some factories in southern China's manufacturing heartland as they are squeezed by high costs and unpredictable demand.   Reuter5s reports that on a warm morning in the southern town of Shiling, dozens of...

A new agreement between Telkom and SES has jointly worked out the future of SES-9. SES has entered into a “new strategic partnership” with the “PT Telekomunikasi Indonesia”, the latter being the “largest satellite telecommunications services company” of Indonesia. Through the partnership Telkom...

BOARD announces Grafton Capital as one of its shareholders. In an announcement, the world’s leader in providing “unified Business Intelligence, Performance Management and Analytics”, BOARD International revealed that Grafton Capital has taken the “minority” shareholder’s position in the company,...

Access to controlling shareholder Sumner Redstone has been blocked by his daughter Shari and hence the board members of Viacom Inc have been unable to meet with the media mogul,  the company said.   A day earlier Viacom Chief Executive Officer Philippe Dauman and Viacom board member...