Business

Wells Fargo Could Impact Prudential Financial in Fraudulent Insurance Sales

Wells Fargo Could Impact Prudential Financial in Fraudulent Insurance Sales

Prudential Financial Incorporated could be the next in line to suffer after Wells Fargo sales scandal came up. Prudential Financial faces lawsuit in New Jersey state court. Wells Fargo suffered massive blow to its reputation and market valuation after the sales scandal emerged.

Norwegian Flights Win U.S. Government Approval despite Opposition

Norwegian Flights Win U.S. Government Approval despite Opposition

Norwegian Air International has received approval from the U.S. government for its flights from Europe to the United States. Norwegian was opposed by U.S. air carriers but the low-cost airline has won approval from the government. Norwegian Air International is Ireland headquartered subsidiary of Norway-based air carrier.

Jobs Data Showcases Strength of U.S. Economy as Unemployment drops to 4.6 percent

Jobs Data Showcases Strength of U.S. Economy as Unemployment drops to 4.6 percent

The latest unemployment data report has revealed that the U.S. economy added 178,000 jobs in November. The jobless rate has reduced to 4.6 percent and the current level has marked the best employment rate in past decade. Last time, the jobless rate was so low in August 2007.

Alibaba registers sales over $5 billion within two hours on Singles Day in China

Alibaba registers sales over $5 billion within two hours on Singles Day in China

E-commerce major Alibaba has reported massive sales volume on Singles Day in China. Within first five minutes of sale, Alibaba registered orders over $1 billion and market experts see it breaking previous records. During first two hours, the ecommerce giant registered orders above $7.2 billion compared to $14.3 billion total order volume during last year’s sale.

PepsiCo aims to reduce calories in soft drinks

Beverages and snacks major PepsiCo has pledged to reduce calories in its products by year 2025. PepsiCo Chairman and CEO Indra Nooyi informed that the company aims to considerably reduce calories in its beverages and other products to deal with health concerns. The company will also improve water resource efficiency at its plants worldwide.  CEO Nooyi added that over the last ten years, the company has improved its product offerings in terms of calorie count for health conscious customers. However, Nooyi sa

Beverages and snacks major PepsiCo has pledged to reduce calories in its products by year 2025. PepsiCo Chairman and CEO Indra Nooyi informed that the company aims to considerably reduce calories in its beverages and other products to deal with health concerns. The company will also improve water resource efficiency at its plants worldwide.

Facebook paid $5 million in taxes in United Kingdom in 2015

Facebook paid $5 million in taxes in United Kingdom in 2015

Facebook paid $5.16 million in tax in the United Kingdom in 2015, as per the latest information released by popular social network. In year 2014, Facebook paid only $5,300 in tax in UK and was widely criticized. The issue once again puts in focus the tendency of multinationals to escape paying taxes where they are due.

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