At the end of this week, Facebook announced that Palmer Luckey, creator of original prototype of VR-helmet Oculus Rift, will cease to work in the company. It remains unclear whether Luckey was fired or left the company of his own free will. Palmer Luckey was one of the founders of the startup...

Salary of Tidjane Thiam, Chief Executive Officer of Credit Suisse, grew to 11.9 million Swiss francs ($ 12 million) for the first year of his work, as journalists learned from annual report of the second largest bank in Switzerland. Thiam took over as Executive Director in Credit Suisse in June...

Jeff Jones, President of online taxi service Uber announced his resignation after nearly seven months of working with the company. "We are thanking Jeff for six months of work in the company and wish him all the best," - said Uber in a press release. Jones’ reasons to leave are not too clear....

Cash call is the final resort for Deutsche Bank’s redemption, although investors appear uncertain given the past track records of the company on fulfilling its promises. In the starting of this week, the Chief Executive of Deutsche Bank put forward a pledge of a “strategic turnaround”, wherein he...

Yahoo! Board of Directors decided to deprive the company’s General Director Marissa Mayer of annual bonus and dismiss the company's legal counsel. Board of Directors explained the decision by the fact that the top managers failed to find a right solution during hacker attacks and theft of user data...

Toshiba’s Chairman of the Board of Directors Shigenori Shiga is stepping down, the corporation said. This decision is explained by the fact that Toshiba had to postpone publication of its annual report for a month because of the need to take into account all negative consequences of a transactions...

A downward slide of 30 billion yen is the price of Sony’s “$1 billion writedown”. Last week, Sony Corp. reduced its entire year’s outlook for “operating profit” following the take of a “$1 billion writedown” of the “Japanese TV-to-gaming group” adding to its movie business that treads the...

The Japanese automakers seek to maintain consolidation in the global auto market. In the beginning of this week, Suzuki Motor Corp. and Toyota Motor Corp. showed a mutual consent towards carrying out “formal talks” for giving shape to their future partnership “between the two Japanese car makers”...

Last night, Tiffany surprised many with an announcement on resignation of its general director Frederic Cumenal. This is the second resignation in the market of premium products over the past few days - in the middle of last week, Ralph Lauren’s CEO Stefan Larsson also said he’s leaving. Tiffany...