Adobe Systems said in a statement on Wednesday that it has approved to purchase Web software maker Day Software Holding in a deal worth US$240 million.
The Chairman of Mahindra & Mahindra, Mr. Keshub Mahindra was re- appointed as the chairman for a term that will last the next three years. Mr. Keshub is eighty – six years old at present. However, his age was not a deterrent for the board of the company’s shareholders. Mr. Keshub was re elected for the post by popular demand.
MRF saw its net profit decline recently even as the company had to factor in the increasing cost of raw materials. The Company is paying huge sums of money for natural rubber which has affected the total profit posted by the Company. In addition to raw materials the company is also dealing with high employee costs.
US conglomerate, General Electric Co. (GE) has agreed to pay fine to the U. S. Securities and Exchange Commission (SEC). It will be paying $23.4 million as the fine amount.
The SEC has charged GE of paying bribes in overseas deals. It said that there are a large number of complaints that suggest the GE used to pay bribe to the former Iraqi government for winning contracts in the country.
The oil giant BP is going to announce a record loss because of its expenses of 25-30 billion dollars to clear the huge oil spill on Gulf of Mexico. This loss will be the largest loss of any British company in the history of British business.
When Honda Civic, new version of Honda is on its test drive in Europe, it was clicked by a photographer and the images were revealed on internet.
On Tuesday, Railroad Norfolk Southern Corp. stated that it expects its volume growth in shipping will stay on pace all through the year.