Rolls-Royce Holdings plc, the world’s second-largest maker of aircraft engines, is set to report the biggest headline loss in its history next week, as it absorbs the impact of its £671m settlement with regulators for past bribery and corruption as well as a weaker pound.
Nike, the world's leading sportswear manufacturer, has posted better-than-expected profits following a rebound in its basketball business amid heightened sportswear competition. Its quarterly profit rose 7% thanks to a stronger demand in China and the United States, where executives were pleased about the company’s performance.
JP Morgan Chase ranked largest US bank by assets, is one of the most complex and diverse companies thanks to its universal banking model. Even recently, when the bank has been under regulatory pressure due to advanced capital constraints and other regulatory requests, the international bank has been able to earn a return on equity of 11.28%.
Amazon plans to capture more food sales, opening the door to a key driver of consumer spending that would broaden its increasing dominance in the retail market.
Following the success of ‘Orange Money’ in the MENA region and its recent status of majority shareholder in Groupama Banque, the French telecommunication giant will offer from the beginning of next year a 100% mobile banking service that reflects the changing consumer behaviour and preferences
The landscape of mergers and acquisitions is littered with some catastrophic business flops and highly visible disasters that were often hugely hyped before their eventual doom. Fifteen years after the worst merger of all time between AOL and Time Warner, AT&T is in advanced talks to acquire the latter.
Once considered a potential “iPhone killer”, the Samsung Note 7 failed miserably. The South Korean giant was forced to make a second recall following leaked pictures of smartphones ablaze were shot across social media.