Popular products like Marmite and Pot Noodles are vanishing from Tesco shelves due to a dispute between the supermarket and supplier Unilever. Unilever is the UK’s biggest food and grocery producer. It began when Unilever attempted to pass the higher cost it suffered owing to the fall in pound price on higher wholesale prices. Plus…
Wells Fargo’s chief executive, John Stumpf, is resigning amid scandal over its sales practice. The bank is investigating how 2 million accounts were opened without customers’ permission. Mr Stumpf, was paid $19.3m last year and would not be paid a salary during the inquiry. He will be succeeded by the bank’s current president and chief…
Galaxy note crisis has created a hole in the profit marine of Samsung. The loss effectively erases all the mobile business profit that analysts had been projecting. Samsung cut its guidance for the third quarter less than a week after it was first issued, as costs from the global recall escalated and it decided to…
On Wednesday, the Environment Ministry said several major Chinese companies running out of exceeding limit for pollution, limits in the second quarter of this year. The Chinese government is struggling to widespread air, soil and water pollution. The ministry’s official publication, China Environmental News, said, most of the lawbreaker are lies in the Inner Mongolia…
FRANKFURT: Volkswagen is not looking for sell of its any brand or generates revenue. The company is getting fight against emissions scandal, Hans Dieter Poetsch, supervisory board Chairman of the Volkswagen told to German daily Boersen-Zeitung. Poetsch was taking in the interview published on Friday, the Volkswagen group is enough strong financially and have many…
