CBJ News

HSBC Dumps CEO

CBJ — Bank HSBC has announced CEO John Flint is being replaced after just 18 months on the job. HSBC Chair Mark Tucker says new leadership is required amid increasing economic uncertainty, [...]

UK’s Tesco Cuts 4,500 Jobs

Tesco is cutting another 4,500 jobs in the United Kingdom in an attempt to be more flexible in an evolving retail environment. Great Britain’s largest supermarket chain says most of the job [...]

Trade Surplus Narrowed in June

CBJ — The country’s trade surplus narrowed in June to a scant $136 million, as both exports and imports dropped largely due to trade decreases in crude oil, aircraft and other [...]

Amazon May Invest in Reliance

CBJ Reports indicate that Amazon.com is interested in buying a stake in Reliance Industries of India. Amazon’s overwhelming online presence could help Reliance’s consumer and private labels [...]

Minivan Sales Still Declining

CBJ — Despite the continued erosion of sales of the once-popular minivan, most automotive analysts believe the vehicles will continue production. Minivans were all the rage in the 1990s and [...]

SNC-Lavalin Posts Huge $2.1 Billion Loss

CBJ — Beleaguered Montreal-engineering firm SNC-Lavalin Group is cutting its quarterly dividend for shareholders by a whopping 80% following a massive $2.1 billion net loss in its second [...]

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