Business News - part 36

Business Search Engine ReportLinker.com Ranks 375 On Deloitte Technology Fast 500 EMEA 2012

Business Search Engine ReportLinker.com Ranks 375 On Deloitte Technology Fast 500 EMEA 2012

BUSINESS

  • ReportLinker ranks number 375 on the Deloitte Technology Fast 500 EMEA 2012
  • ReportLinker.com records five-year revenue growth rate of 392%
  • ReportLinker.com previously ranked 478 on the Deloitte Technology Fast 500 EMEA 2010 and 445 on the Deloitte Technology Fast 500 EMEA 2011

Leading business search engine ReportLinker.com now ranks number 375 on the Deloitte Technology Fast 500 EMEA 2012, a list of the 500 fastest-growing technology companies in Europe, the Middle East and Africa.

“We are honored to be recognized as a technology leader on the Deloitte Technology Fast 500 list for the third year in a row, recording a 392% five-year revenue growth rate. Going forward, we will continue to invest in and evolve our technology to best deliver trusted data from both public and private sources to our customers,” says CEO Benjamin Carpano.

Read more »

Nissan Making Electric Car Batteries in US, To Launch New All-Electric Vehicle Models

Nissan Making Electric Car Batteries in US, To Launch New All-Electric Vehicle Models

BUSINESS

  • Nissan producing lithium-ion batteries for all-electric cars in Tennessee
  • Nissan to have 85% of all Nissan and Infiniti products sold in the US be produced in North America by 2015
  • LEAF most successful all electric-vehicle model; new hybrids and electric vehicles planned for future

With a focus on green automotive making, Japan’s second-largest automobile manufacturer Nissan Motor Co has recently celebrated the two-year sales anniversary of its pure-electric vehicle model called LEAF, and is now manufacturing lithium-ion batteries used for all-electric cars.

Located in Smyrna, Tennessee, the new battery plant will produce up to 200,000 batteries annually, depending on demand, and is only one of three of its kind globally to be operated by a major automobile manufacturer.

Read more »

Satellite TV Provider Dish Network To Enter US Wireless Market

Satellite TV Provider Dish Network To Enter US Wireless Market

BUSINESS

  • Dish to compete with US wireless leaders Verizon Wireless, AT&T and Sprint Nextel
  • FCC imposes restrictions on Dish airwaves within the H block
  • Sprint and Dish considering partnership

Satellite TV provider Dish Network Corp.’s proposal to provide smartphone services has been approved by the US Federal Communications Commission (FCC), taking an integral step toward encouraging wireless competition in the US telecommunications market.

The new network will help eliminate the time lag in relaying signals between satellites associated with traditional wireless service.

Read more »

Delta Air Lines Purchases Stake In Virgin Atlantic To Expand NY-London Air Route

Delta Air Lines Purchases Stake In Virgin Atlantic To Expand NY-London Air Route

BUSINESS

  • Delta Air Lines buys 49% stake in Virgin Atlantic for $360 million
  • Joint venture gives both airlines a 25% share of cross-Atlantic traffic
  • Deal should be operational before 2014

Delta Air Lines, the second-largest airline in the US by revenue, has agreed to purchase a 49% stake in British airline Virgin Atlantic for $360 million, so that both airlines can better compete for passengers on the busy New York-London route.

Under the agreement, Delta and Virgin Atlantic will expand their network at London’s Heathrow airport as well as share costs and revenue generated from flights between North America and Britain.

Read more »

Banking Industry Leader HSBC To Pay $1.92 Billion Fine In US Settlement

Banking Industry Leader HSBC To Pay $1.92 Billion Fine In US Settlement

BUSINESS

  • HSBC investigated for money laundering by US Justice Department
  • HSBC must reach specific goals to respect settlement deal 
  • Latest charges mark third time HSBC has been penalized in US

Europe’s largest bank HSBC Holdings Plc will pay a record fine of $1.92 billion to settle a probe by the US Justice Department linked to money laundering and violating sanctions laws.

HSBC is accused of handling transactions through the US to non-US banks from nations such as Mexico, Cuba, Burma, Sudan, North Korea and Iran. Bank records were also reportedly altered.

Read more »

Citigroup Cuts 11, 000 Jobs To Streamline Operations

Citigroup Cuts 11, 000 Jobs To Streamline Operations

BUSINESS

  • Citigroup to cut 4% of its global workforce
  • Cuts should save $900 million next year and up to $1.1 billion in 2014, beyond
  • Other major world banks have already laid off staff or are facing layoffs

Citigroup, the third-largest bank in the US based on assets, will cut 11,000 jobs – or roughly 4% of its current workforce – to streamline operations.

Some 6,200 job cuts will be in the consumer banking unit, and the rest of the cuts will come from the selling or downsizing of branches in Uruguay, Turkey, Romania, Paraguay and Pakistan.

Read more »

Delta Air Lines Updating Fleet With Regional Aircraft Purchase From Bombardier

Delta Air Lines Updating Fleet With Regional Aircraft Purchase From Bombardier

BUSINESS

  • Delta Air Lines to purchase up to 70 76-seat jets
  • New jets more fuel efficient than older Delta aircraft
  • Delta seeks to update current fleet, move to larger aircraft

Delta Air Lines Inc., the world’s second-largest airline, will purchase up to 70 regional jets from Canadian small-jet manufacturer Bombardier Inc. as part of Delta’s plans to update its aging fleet.

The order is for 40 CRJ900 NextGen aircraft, which have a list-price value of $1.85 billion. Delta has the option to buy 30 more, which would raise the price to $3.29 billion. However, it is common for airlines to negotiate list-price discounts.

Read more »

UK Grocer Tesco Plans to Leave Competitive US Grocery Market

UK Grocer Tesco Plans to Leave Competitive US Grocery Market

BUSINESS

  • Tesco reviewing options for its 200 Fresh & Easy grocery stores in US market
  • Fresh & Easy slow to produce profit
  • Sales at Tesco UK stores also falling

The world's third-largest retailer Tesco Plc has plans to exit the US grocery market and will instead focus on fixing struggling UK stores and emerging markets.

Tesco, the largest grocery store chain in the UK, operates in the US under the name Fresh & Easy. It operates 200 stores in California, Nevada and Arizona, employing 5,000 staff.

Read more »

Medical Device Maker Baxter International To Buy Swedish Dialysis Product Manufacturer

Medical Device Maker Baxter International To Buy Swedish Dialysis Product Manufacturer

BUSINESS

  • Baxter to pay $2.76 billion for Gambro to expand kidney equipment business
  • Purchase of Gambro AB expected to close in 2013
  • Rate of patients on dialysis growing by 5% every year

Drug and medical device maker Baxter International, which is the world’s second-largest dialysis-products manufacturer, will purchase Swedish dialysis product manufacturer Gambro AB for $2.76 billion to expand its renal-equipment business.

With debt included, the purchase is worth $4 billion. The two companies have been negotiating for about a year, and the deal is expected to close during the first half of 2013.

Read more »

Latest Apple iPhone Products Available In China Next Week

Latest Apple iPhone Products Available In China Next Week

BUSINESS

  • iPhone 5 on sale in China starting December 14; latest iPad and Wi-Fi version of iPad mini available December 7
  • China contributes $23.8 billion to Apple revenue, or 15% of total
  • Apple aims to regain market share lost to Samsung

China, the world’s most populated country, will soon be able to purchase the iPhone 5 after the nation’s Telecommunication Equipment Certification Center grants Apple a network-access license.

Regulatory approval means the iPhone 5 will be on sale in China as of December 14. Two other Apple products – the fourth-generation iPad with retina display and the Wi-Fi version of the iPad mini – will be available December 7.

Read more »

Share

Follow

Browse our categories

Browse our archives

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.