Tuesday, March 25, 2014

Global Bribery Crackdown Gains Steam

More countries are cracking down on companies that bribe foreign government officials after years of complaints by American firms that a tough U.S. regulation has put them at a competitive disadvantage overseas.



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Royal Mail to Eliminate 1,300 Jobs

The recently-listed U.K. mail company said it has to improve efficiency to compete better in the letters and parcel-delivery business.



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Pegatron Earnings Rise on Apple Ties

Pegatron, the main manufacturer of the iPhone 5C and iPad Mini, Monday posted a 22% jump in earnings, reflecting its growing role as a supplier for Apple.



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Centrica Clinches Deal for Irish Power Assets

The owner of British Gas, the U.K. household gas supplier, has taken advantage of Ireland's privatization program to expand outside of its home base.



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Shell Gas to Focus on Big Projects

Royal Dutch Shell's global gas division will focus on large ventures where it has more control as it continues trimming some holdings and unprofitable investments as part of a cost-cutting program, a senior executive said.



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Kingfisher to Return Capital to Shareholders

European retail company Kingfisher said it will commence a program of returning surplus capital to shareholders, alongside annual dividend payments, after reporting a 10% rise in pretax profit.



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EasyJet Upgrades First-Half Guidance

Budget airline EasyJet raised its first-half guidance, citing the benefits of cost cuts and its focus on strategic priorities.



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