As shown by a recent study, Americans are more industrious than their European counterparts. They spend more time at work, and in addition, they retire later. The study calculated the number of hours that Americans and Europeans spend at work. The researchers found out that an average European...

None of the current billionaires was born rich and successful, and their wealth had not suddenly jumped to billions of dollars. Every well-known modern American investor or financier had his own long and thorny road, only their first steps were completely different. Many famous people admit that...

Two-year MBA courses are the most common way to obtain a master's degree in the United States. However, in 2016, their popularity is declining, says Graduate Management Admission Council (GMAC), an organization that conducts GMAT testing for ability to study in business schools. For the first time...

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...