SFO carried out an investigation against the former Tesco executives, while the final sentence is still being waited upon. After the investigation carried out by the Serious Fraud Office, the three former executives of “Tesco” were pleaded of not being guilty of committing fraud. The charges were...

The troubles for Wells Fargo & Co seem to have just begun.   After the US regulators pulled up the bank for irregularities related to fraudulent credit card accounts, seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were...

Former British Prime Minister Tony Blair said he is going to shut down his consulting business Tony Blair Associates and related venture capital structures Firerush and Windrush. Statement of the former Prime Minister of Great Britain was seen as a recognition of the fact that commercial activities...

Google’s parent company Alphabet and Warren Buffett’s Berkshire Hathaway may be the first among more than 800 US companies to renew their board of directors, taking into account new recommendations on voting for shareholders. ISS consulting company gave recommendations to companies, which boards of...

German automaker Volkswagen will shorten working time of 10 thousand employees at the company's plant in Wolfsburg, reports Reuters referring to a source close to the company. The decision was made because of problems with suppliers who do not adhere to obligations on delivery times. In particular,...

Apple’s CEO Tim Cook told about two biggest mistakes corporations during his work as the company’s in an interview with The Washington Post. According to him, the company should not have developed Apple Maps application, neither should Apple have hired its former top manager John Browett for...

Combined wealth of the world's billionaires grew to nearly $ 7.7 trillion, as estimated by Wealth-X experts. Mostly, billionaires live in Europe, and their number is fastest-growing in Asia. The number of people with a fortune of $ 1 billion or more grew by 6.4% in 2015. Now, there are 2473 of...

Reuters talk to the ex-executives of Yahoo to trace back the beginning of its fall. The meeting of Yahoo executives, in the spring of 2006, showed no apparent signs of crisis within the company. Yahoo was been a pioneer in the line of the internet, which had just made a profit of “$1.9 billion”...

The cosmetic-perfume industry is clearly growing with a forecast of +6.4% in 2020. The French re-mains the world's largest exporter of cosmetic products. So where is the next goldrush? Eric Jacquemet, president of the Sarbec Cosmetics group, which sells more than four products per second worldwide...