29 January, 2015 by The TZ Newswire Staff Comments Off on McDonald’s franchisees to new CEO: back-to-basics, fast
McDonald’s franchisees to new CEO: back-to-basics, fast
McDonald’s franchisees have a fast order for the fast food giant’s new CEO – get back to basics. McDonald’s on Wednesday announced that Chief Brand Officer Steve Easterbrook would replace Don Thompson as chief executive after he had held the post just two and a half years. Easterbrook, 48, turned around McDonald’s operations in the UK, where he was born, by putting the focus back on its burgers and burnishing consumer perceptions about the company, according to press reports.
29 January, 2015 by The TZ Newswire Staff Comments Off on Honda cuts profit target as Takata air bag recalls bite
Honda cuts profit target as Takata air bag recalls bite
Japan’s Honda Motor Co sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty air bags made by Takata Corp. Reporting its third-quarter earnings fell by nearly a quarter as it soaked up recall costs, Japan’s third-largest automaker said it now expects an operating profit of 720 billion yen ($6.1 billion) for the year to March 31.
29 January, 2015 by The TZ Newswire Staff Comments Off on ANA Holdings orders Boeing, Airbus planes worth $2.2 billion
ANA Holdings orders Boeing, Airbus planes worth $2.2 billion
Japan’s biggest airline, ANA Holdings, said on Friday it had ordered 15 jetliners from Boeing Co and Airbus Group worth $2.2 billion to bolster flights on domestic routes. ANA’s latest aircraft order includes …
29 January, 2015 by The TZ Newswire Staff Comments Off on US wireless spectrum auction raises record $44.9B
US wireless spectrum auction raises record $44.9B
The U.S. Federal Communications Commission raised a record $44.9 billion in the auction of so-called AWS-3 airwaves.
29 January, 2015 by The TZ Newswire Staff Comments Off on Honda cuts profit target as air bag recalls bite
Honda cuts profit target as air bag recalls bite
Japan’s Honda Motor Co sliced 6.5 percent off its core annual profit forecast.
29 January, 2015 by The TZ Newswire Staff Comments Off on Currencies: Dollar lower against yen on profit taking, selling by exporters
Currencies: Dollar lower against yen on profit taking, selling by exporters
End-of-month settling of books takes a toll on the greenback.
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29 January, 2015 by The TZ Newswire Staff Comments Off on New sanctions on Russia are ‘economic war’
New sanctions on Russia are ‘economic war’
The EU’s decision to extend sanctions against Russia is akin to “economic war,” the head of one of Russia’s largest banks told CNBC.