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(MENAFN - AFP) US automaker Chrysler Tuesday reported a nine percent increase in June auto sales compared with a year ago as its Jeep and Ram brands again scored strong gains.Chrysler, a unit of Italian company Fiat Chrysler, said it sold 171,086 vehicles last month, its best June sales since 2007.The rise was better than the 6.3 percent increase projected by car-shopping ...

 

(MENAFN - AFP) Nearly a quarter of a million members of South Africa's largest union downed tools on Tuesday, beginning an indefinite strike that threatens to bring the engineering sector to a halt.Members of the National Union of Metalworkers marched in cities across the country, demanding a pay raise of up to 12 percent and better working conditions.In Johannesburg ...

 

(MENAFN - AFP) Leading French bank BNP Paribas said it would face no difficulty in absorbing the record multi-billion-dollar fine slapped on it by US authorities for breaking sanctions against pariah regimes.Under the overnight deal, BNP Paribas accepted guilt and a number of penalties totalling $8.9 billion (6.5 billion euros) for organising ways to enable Iran, Sudan, ...

 

(MENAFN - AFP) US mining giant Newmont said Tuesday it has filed for international arbitration against Jakarta over a controversial mineral ore export ban that has forced it to halt production at its Indonesian mine.The company's Indonesian unit said it was seeking a ruling at the Washington-based International Centre for Settlement of Investment Disputes that would allow ...

 

(MENAFN - AFP) French cosmetics giant L'Oréal has agreed to stop claiming that some of its high-end skin care products prevent signs of aging, under a deal with the Federal Trade Commission to stave off legal proceedings on grounds of misleading advertising.The FTC had targeted L'Oreal's skin care lines Lancôme Génifique and L'Oréal Paris Youth Code for stating they ...

 

(MENAFN - AFP) Canadian aviation giant Bombardier announced Monday it has received an order for 16 CRJ900 NextGen regional jets, worth $727 million (531 million euros).The order for the 76-90 passenger jets includes options for another eight of the same aircraft, and could therefore bring the final order to $1.2 billion.The client has requested anonymity, Bombardier ...

 

(MENAFN - AFP) Unemployment in the eurozone dipped by 28,000 jobs in May to 11.6 percent, official data showed on Tuesday, with continued signs of improvement in Portugal and Ireland.A total 18.552 million people remained unemployed in the 18-member eurozone in April, down 636,000 from a year earlier, the Eurostat statistics agency said. The agency had announced a rate ...

 

(MENAFN - AFP) Switzerland's financial regulator on Tuesday slapped the Swiss unit of embattled BNP Paribas with a two-year ban from working with anyone affected by US and EU sanctions after determining it had breached US embargos.FINMA, which also ordered BNP Suisse to increase its capital buffer, said it had carried out a separate probe from the one in Washington which ...

1 Jul 2014   Twitter buys TapCommerce 
 

(MENAFN - AFP) Twitter is fattening its mobile ad portfolio by agreeing to acquire TapCommerce, a company that specializes in targeting app consumers, the latter said late Monday.The price was not given but the Wall Street Journal put it at around $100 million (73 million euros), quoting a source close to the transaction.Based in New York, San Francisco and London, ...

 

(MENAFN - AFP) Putting a chef's hat on its Watson supercomputer, IBM and the magazine Bon Appetit unveiled a new initiative Monday that seeks to use Big Data for gastronomy.A new app unveiled in test version called "Chef Watson with Bon Appetit" aims at helping cooks "draw on Watson's advanced cognitive capabilities to create entirely new recipes and gastronomic combinations ...

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