PARIS — President Francois Hollande denounced on Saturday a plan by carmaker PSA Peugeot-Citroen to cut 8,000 jobs as unacceptable, and said it must be renegotiated.
PARIS — President Francois Hollande denounced on Saturday a plan by carmaker PSA Peugeot-Citroen to cut 8,000 jobs as unacceptable, and said it must be renegotiated.
BOSTON - A bug in an update of Symantec Corp’s anti-virus software caused some Windows PCs to crash late this week, making machines inoperable until they were serviced in an embarrassing episode that angered some customers.
NEW YORK — Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card.
NEW DELHI — The head of India’s vehicle-to-steel conglomerate Tata Group says he still has high hopes for the Nano, billed as the world’s cheapest car, despite a slow sales start.
Debt-crippled Kingfisher Airlines has cancelled 41 scheduled flights on Saturday, the firm said, after some staff did not report for work in response to the company failing to pay their salaries.
Permira Advisers, the London-based buyout firm, agreed to sell Italian luxury brand Valentino Fashion Group to a group led by Qatari investors.
Saeed Mohammed Al Tayer, managing director and chief executive officer of Dubai Electricity and Water Authority, or Dewa, has applauded the achievements of the Information Technology Division (ITD) for its work on e-services and the successful implementation of the SAP enterprise resource planning at Dewa. The MD & CEO thanked Marwan bin Haider, CIO and VP — ITD and other members of ITD at Dewa headquarters for their dedication and hard work on Dewa’s SAP e-transformation project.
UPS on Thursday announced enhancements to several technology tools for UAE customers that streamline the process of creating shipments online and enhance their ability to track multiple shipments at once.
Gold prices rose on Friday in line with equities and other commodities as Chinese growth data proved no worse than feared, but remained set for a second week of losses as expectations for another round of US economic stimulus measures faded.
HONG KONG — Asian shares made modest gains Friday after China said its economy slowed in line with expectations, quashing fears data would show a “doomsday” scenario of the country heading for a hard landing.