HSBC Holdings Plc Chief Executive Officer Michael Geoghegan will step down at the end of the year after Europe’s largest bank veered from its tradition of promoting its CEO to Chairman, the Financial Times reported, citing two …
Netflix says it mistakenly coached extras used in a corporate video to tell the Canadian media how enthusiastic they were about the company’s videostreaming service, which launched in Canada this week.
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Nike’s fiscal first-quarter profit rose 9% as a surge in emerging-market sales, less inventory and fewer discount sales offset the negative effect of foreign-exchange rate changes. Shares fell in extended trading after the comp…
General Motors’ share of the U.S. automobile market is expected to slip to 18% in September, the third lowest ever recorded by the Detroit automaker.
Continue reading GM’s Market Share Hovers Near Record Low
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It’s easy to blame Blockbuster’s collapse, which culminated Thursday in a voluntary Chapter 11 filing, on the rise of streaming Internet video and kiosk rental options. But Netflix faced the same threats and it’s thriving. So …