Tech news Snap lays off 18 employees in recruiting division Yomna Yasser Oct 21, 2017 0 Social media company Snap Inc (SNAP.N) said on Friday it had laid off 18 people in its recruiting division, an…
Tech news LG Electronics says third-quarter profit down 3.7 percent vs. year earlier Ghada Ismail Oct 27, 2016 0 South Korea's LG Electronics Inc said on Thursday its third-quarter operating profit fell 3.7 percent from a year…
Financial Institutions EFG Hermes names new CEO to finance division aya salah Aug 2, 2016 0 As a step towards improving the efficiency of financial services and non-banking activities, the CEO of EFG Hermes…
Tech news Comcast profit drops on film sales, beats Wall Street estimates Ghada Ismail Jul 27, 2016 0 Comcast Corp reported a 5 percent drop in quarterly profit on Wednesday, hurt by lower film division sales, but…
Tech news Francisco Partners, Elliott close to ink Dell software deal Ghada Ismail Jun 20, 2016 0 Buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in…
Industry & Trade ABB poaches Siemens exec in shake-up at robotics division Noha Gad Jun 13, 2016 0 ABB Ltd poached a Siemens executive as it shakes up its robotics division, where profit margins have shrunk for…
Industry & Trade Novartis splits drugs business into two, pharma chief to leave Noha Gad May 18, 2016 0 Novartis is splitting its pharmaceuticals division into two business units, one focused on cancer and the second on…
Tech news Siemens will invest into more digital acquisitions Ghada Ismail Apr 26, 2016 0 German industrial group Siemens will continue to buy software companies to beef up its core industrial business,…
International News Boeing to cut more than 4,500 jobs Noha Gad Mar 30, 2016 0 Boeing Co (BA.N) will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year…
Tech news AT&T to invest $10bn to bolster global enterprise services Noha Gad Feb 22, 2016 0 AT&T Inc will invest about $10 billion in its global business solutions division, as it seeks to boost the unit…