Sony executives give up bonuses
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
Media and financial information group Thomson Reuters swung to a loss in the first quarter, hit by costs linked to a major restructuring and one-time tax charges.
Japan’s ANA is to test one of its modified Dreamliner jets on Sunday, three months after the worldwide fleet of 787s was grounded, as Boeing seeks to reassure passengers that the planes are safe.
Thailand’s richest tycoon on Tuesday launched a $6.6 billion takeover bid for Thai discount retailer Siam Makro as rapid economic growth drives a boom in the kingdom’s retail sector.
German flag carrier Lufthansa said that most of its domestic, European and long-haul flights would be canceled on Monday due to strike action by ground personnel and cabin crews.
German engineering giant Siemens said Thursday it is planning to cut over 3,000 jobs in its industrial division as part of a vast plan to save six billion euros ($8 billion) as it faces falling profits.
German car parts supplier Bosch said Friday it plans to discontinue its solar panel manufacturing business because overcapacity in the industry has caused prices to nosedive.
German airline Lufthansa said Wednesday it will cancel nearly 500 European flights on Thursday owing to planned warning strikes by ground staff and other divisions within the group.
Top Indian utility vehicle maker M&M on Monday launched the most advanced home-grown electric car yet seen, pricing it at $11,000 and saying it hopes to sell the hatchback abroad next year.
HSBC could cut up to another 5,000 jobs as Europe’s biggest bank looks to find further savings, the Financial Times reported on Monday.
German top-of-the-range carmaker BMW said on Thursday that 2012 had been the best year in the company’s history and forecast further sales growth this year.
Energy Development Corp.’s net income surged to P10.4 billion last year, from P615 million in 2011, due mainly to stronger sales and the absence of impairment losses.
