Business

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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Verizon allows subscribers to ‘opt out’ of its user-tracking program

Verizon allows subscribers to ‘opt out’ of its user-tracking program

According to a New York Times report, US wireless carrier Verizon has said in a Friday statement that it will allow its subscribers to opt out of the company's controversial user-tracking program.

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Uber releases Report on its Handling of Passenger Data

Uber releases Report on its Handling of Passenger Data

Ride service Uber has faced a lot of controversies in the recent months. Now, Uber is all set to improve its image and on Friday it released a report on its handling of passenger data. Along with this, Uber assured that it would go through the report's recommendations for improvement.

Lawyers at Hogan Lovells said the company has all the needed guidelines for internal access control, data security and data retention. In the report, suggestions have been given as to how Uber can improve its privacy and data security.

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