US retailer Albertsons LLC has unveiled the leadership team that plans to take the helm, following completion of a deal to acquire a number of stores from Supervalu stores. Albertsons plans to expand its store network through the ...
Tags: Albertsons LLC, leadership team, US retailer
A major wave of redundancies is poised to strike Telstra's directories arm Sensis as the telco giant prepares to slash as many as 500 jobs from the ailing print and digital business. Multiple sources at Telstra and Sensis, the publisher ...
Tags: Telstra, Sensis, redundancies
A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...
RBI Governor Dr. D.Subba Rao released the Third-Quarter Monetary Policy 2012-2013 announcing the RBI decision to reduce the Repo Rate (Short-term lending to banks) by 25 basis points from 8.00% to 7.75% and also Cash Reserve Ratio (CRR) ...
Tags: TEA, RBI, Tirupur knitwear
Acer’s still hoping for Windows 8 sales to take off, but in the meantime, the company has been pleasantly surprised with sales of its Chromebooks. Since November, Chromebooks have accounted for 5 percent to 10 percent of ...
Tags: Chromebook, Acer, Windows 8
Research In Motion has renamed its web store BlackBerry World, as it gets ready to add more content ahead of the launch of the BlackBerry 10 operating system. RIM recently announced that users will soon be able to download videos and ...
Tags: Research In Motion, BlackBerry World, tablet, smartphones
Research In Motion announced on Monday that it has renamed its web store BlackBerry World, in advance of more content being added ahead of the launch of the BlackBerry 10 operating system. RIM recently announced that users will soon be ...
How Dell will fare in private hands – if a buyout is indeed imminent – depends entirely on how the company’s management will react to the declining revenues from its PC business, and how it will develop other areas of its ...
Tags: Dell, private hands, PC business
AMD has accused four former employees of stealing 100,000 confidential files before leaving to work for rival chip manufacturer Nvidia, filing a suit described in the case document as "an extraordinary case of secret transfer [,] ...
Tags: AMD, confidential files, chip
In the next 12 months, smartphones with five new operating systems are scheduled to go on sale, leaning on Web technologies and improved user interfaces to try and make a dent in the dominance of Apple's iOS and Google's Android. In two ...
Tags: Computer, Computer Products, smartphones, Apple's iOS, Google's Android
Premier Foods announced this morning (11 January) it is planning to close its Glasgow-based flour mill. The company said the move follows a review of its milling capacity and reflects a need to reduce milling volumes. The closure will ...
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Business Line reported that the promoters of the ailing Hinduja Foundries will not let the company slip into sickness. Just last week, the company decided to report its status to the Board for Industrial and Financial Reconstruction on ...
Tags: Hinduja Foundries, India, ailing, company news
HP has confirmed that it will wield the axe on those of its businesses that don't meet targets, official documents have revealed. As first reported by Bloomberg, HP told the US Securities and Exchange Commission in a 27 December filing ...
Tags: HP, axe, businesses, targets
Economic Times reported that Uttam Galva group,which recently acquired majority stake in the ailing Lloyds Steel,would turn around the fortunes of the acquired company and planned to double its operating profit in about a year. Mr ...
Tags: Lloyds Steel, Economic
Ross Levinsohn, who served as Yahoo's interim CEO for about two months until the company hired former Google executive Marissa Mayer on July 16, will leave the company on Tuesday. Levinsohn took over Yahoo in May during one of the darkest ...
Tags: Ross Levinsohn, Yahoo, CEO, Marissa Mayer