Business

Harley-Davidson names Matthew S. Levatich as new CEO

Harley-Davidson names Matthew S. Levatich as new CEO

Harley-Davidson has made announcement that it has named Matthew S. Levatich as President and Chief Operating Officer of Harley-Davidson Motor Company. Levatich will succeed Keith Wandell, who is going to retire on May 1, 2015.

Levatich has also been selected through Board action, to the Harley-Davidson Board of Directors. Back in May 1, 2009, Wandell took position of President and CEO of the company and selected as Board Chairman in February 2012.

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Tuesday’s Negotiation between Shell and Union Leaders Made No Progress

Tuesday’s Negotiation between Shell and Union Leaders Made No Progress

Negotiations between Royal Dutch Shell Plc and union leaders made no progress on Tuesday, as both of them argued over a new wage contract for US refinery workers who have been on strike for three days.

The two camps have been at a standoff since the United Steelworkers union (USW) called walkouts early on Sunday for the first time since 1980.

Shell reopened communications with the union on Late Monday. Since the first bargaining on January 21, the union has rejected five offers from Shell.

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Whiskey and tequila again beat beer in 2014 in terms of sales

Whiskey and tequila again beat beer in 2014 in terms of sales

In 2014, whiskey and tequila have shown a rise in the sales. They have again beaten the beer at US bars and liquor stores.

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Shares of Staples and Office Depot hit 52-week High on Merge Talks

Shares of Staples and Office Depot hit 52-week High on Merge Talks

After reports that Staples Inc. and Office Depot Inc. have been talking about merger, shares of Staples and Office Depot hit 52-week high. Currently, the retail companies are the number one and two supplies chains in the United States. According to the reports, the advance talks are results of a pressure from an activist investor.

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SAP launches major software overhaul

SAP launches major software overhaul

SAP has rolled out the most high-stakes overhaul of its core software line in over two decades, intending to convince multinational corporate customers that its software can now run their most critical applications to forecast business conditions.

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Turkey's Banking Regulator Takes Control of Bank Asya

Turkey's Banking Regulator Takes Control of Bank Asya

Banking regulator of Turkey has taken control of Bank Asya affiliated with a moderate Islamic movement which is locked in a bitter dispute with the government. According to Bank Asya, its operations would not to be affected.

According to the Banking Regulation and Supervision Agency, saving deposit insurance fund of country had seized control of Bank Asya's management, appointing a new CEO and board. The agency cited insufficient transparency to enable allow for accurate regulation of the bank.

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Euro-Area Companies step up hiring as ECB embarks on 1.1 trillion-euro quantitative-easing program

Euro-Area

Euro-area companies have increased hiring as manufacturing and services activity from Germany to Spain accelerated faster than the estimations of economists.

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General Motors’ Ignition Switch Compensation Program gets More than 4,100 Claims

General Motors’ Ignition Switch Compensation Program gets More than 4,100 Claims

The number of claims about General Motors Co's ignition switch has been surging. The compensation program reported a surge in claims in its final days. According to reports, more than 1,100 submissions were added in the final week. The new submissions have brought the total more than 4,100, including more than 450 death claims.

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Largest Strike by US oil workers enters second day

Largest Strike by US oil workers enters second day

A strike, largest since 1980 launched by oil workers at nine refineries entered a second day Monday.

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Greece to Stick to Eurozone or Find the Exit Door?

Greece to Stick to Eurozone or Find the Exit Door?

Due to the economic woes of some member nations, eurozone leaders have been involved in tough negotiations. The news also led to mounting anxiety among investors as there is a risk of Greece leaving the European Union.

Just two weeks ago when the president of ECB, the European Central Bank Mario Draghi announced measures of quantitative easing, the markets went ecstatic at the news. After that, it was time for mounting tension with the elections in Greece.

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