How would you like a job in Social Media? You’ll get to use Facebook and Twitter every day. Instead of being blocked from the online world’s most popular leisure activity, you’ll be positively encouraged! Get paid to surf, socialize and evangelize. The perfect job for most post generation Y’ers. Position yourself at the forefront of an industry with explosive growth and rapidly solidifying long-term opportunities…
The U.S. Federal Trade Commission (FTC) has launched an investigation into Facebook Inc $1 billion acquisition of photo-sharing service Instagram reported the Financial Times on Thursday, with the steep price of the deal said to be under scrutiny by the federal agency.
U.S. financial firm Goldman Sachs Group Inc has more than doubled its exposure to short-term Italian government debt over the first quarter of this year, said the Wall Street Journal on Thursday, as Goldman continues to reduce its stake in other troubled European nations.
In a securities filing, the New York-based company revealed that it was holding close to $8.22 billion of Italian debt – as of March 31 – compared to just $3.05 billion at the end of 2011.
Mexico’s Carlos Slim, the world’s richest man, has embarked on his first major investment in Europe – a $3.4 billion (28 percent) stake in Dutch Telecom company Royal KPN – and is apparently ready to snap up more troubled assets in the region, said the Financial Times on Wednesday.
Groupon has regularly gotten into trouble with the Securities and Exchange Commission (SEC) over their financial performance. In April this year, the SEC was believed to be ready to launch a formal investigation into the company’s accounting results, while shares in Groupon has since plunged by more than half since its IPO last November.
Check out this infographic, which tracks Groupon’s troubled history and uncovers the reason why the company persistently has accounting difficulties.
The advent of digital and social media has presented new opportunities for corporations in Asia. But in a region that possesses a diverse range in cultures, identities and languages, many companies have been struggling with a holistic approach for their digital strategy, which has ultimately led to corporate disaster.
Wal-Mart Stores Inc, the world’s largest private employer, has been ordered to pay $4.8 million in back wages and damages to more than 4,500 of their employees across the United States, after the U.S. Labour Department found the company guilty of violating federal regulations requiring overtime pay from 2004 to 2007.
U.S. carrier Delta Air Lines will pay $150 million for their very own oil refinery in Pennsylvania, after claiming that the move could save the company around $300 million annually in jet fuel costs.
According to an Associated Press report, the Atlanta-based airline will spend a further $100 million to upgrade the facility, which had previously belonged to oil giant ConocoPhillips.
Chinese food safety regulators have shut down production at a Coca-Cola beverage plant in Shanxi province after discovering small amounts of chlorine in some of the products following a routine maintenance check.
According to the Wall Street Journal, the contaminated products were made between February 4-8 this year, and were just below the national standard of purified water in China of 0.005 milligrams per litre.
Barclays PLC’s Chief Executive Bob Diamond may lose up to half of his bonus this year, said a report by The Telegraph, after the bank’s financial results revealed that he was likely to miss a new performance target set by shareholders.
On Thursday, The bank reported nearly £2.45 billion in underlying pre-tax profits, which it had hoped was able to sooth investor concerns and justify Diamond’s high pay and bonuses.
