Brazil's state oil company Petrobras has written off about $ 17 billion due to corruption scandal and poor planning. The company, whose debt is approaching $ 90 billion, plans to sell the assets of nearly $ 14 billion and significantly reduce its investment program for 2015 to maintain the balance...

German carmakers BMW and Daimler AG, as well as the American Internet company Google Inc. became the leaders of the world ranking of companies with the best reputation. American research center Reputation Institute came to this conclusion according to the survey of more than 60 thousand customers,...

Australian Tax Commissioner Chris Jordan has accused companies including Apple, Microsoft, Google, Rio Tinto and BHP Billiton for giving inaccurate evidence to the Senate inquiry into corporate tax avoidance. The ongoing tax evasion accusations on leading MNCs are not new with...

American technology company Yahoo has missed its earnings and revenue forecasts for the first quarter, putting the company’s investors in huge disappointment.   Yahoo’s reported adjusted earnings of 15 cents a share is down 61% from the year-ago quarter. That missed forecasts calling for a...

US-based mobile and internet service provider Verizon Inc has launched customized smaller TV channel packages much to the ire of leading cable channel providers.   Already the company has faced objections from ESPN over the slim packages. This new offering to Verizon’s FiOS customers lets...

Housing in London and Manhattan and contemporary abstract art - that's what makes today a serious and credible competition in the field of gold insertion capital. Chairman of the board of the world's largest investment firm BlackRock Laurence Fink suggested that gold is no longer cost-effective as...

US-based technology company Apple is planning to launch its mobile payments service in Canada. Apple Pay service will be launched in Canada by the end of this year, marking the country the first after US to get the premium service. Apple is currently in negotiations with Canada's six biggest banks...

It pollutes everything that it comes in contact with. Coal is one dirty polluting industry and yet Australia chooses to pour millions into it at the cost of the health of its citizens, agriculture and at the cost of the environment. With the approaching climate talks in Paris this November,...

World’s largest toy maker and owner of the Barbie franchise, Mattel, is putting itself in top gear and shifting its course as the company faces its sixth straight quarter of lackluster sales. The company’s new chief executive Christopher Sinclair has pledged a “rapid redo” of the company culture....