BGN Entrepreneur

Festering eurozone concerns and worries concerning the global growth are damping investor sentiment once again as the rally at the beginning of the week proves to bee all too brief.
The FTSE All-World equity index is down by 0.8%, hurt by a 1.6% slide in the Asia-Pacific region. Industrial commodities are in retreat while money is [...]

In the telecoms sector which is largely in decline, KCom Group is now revealing a rare growth. The traditional fixed-line telecoms business of the company around Hull bucked the trend with a growth of 1.1%t since the customers in the field upgraded to higher bandwidth telecoms packages.
Meanwhile, the telecom company is restructuring to focus on [...]

Hewlett-Packard is currently planning to cut as many as 30000 jobs. This move would become one of the biggest mass lay-offs by a US company in the recent years.
According to a person familiar with the plans, it is indicated that though the exact number of job losses has yet to be confirmed, around 25000 to [...]

Some of earliest backers of Facebook are planning to sell an additional shares of $3bn in today’s initial public offering, as they take advantage of a wave of public interest in the social network group’s flotation.
Such move will increase the number of shares on offer by 25%, with proceeds flowing to existing investors including Goldman [...]

International Airlines Group just reported a worse than expected operating loss of €249m for the first quarter of 2012. It is also expecting only to break even in the year due to the high fuel costs and charges relating to its acquisition of BMI British Midland.
According to IAG, which was created in 2011 from the [...]

The US drug company–Abbott Labs agreed to a $1.6bn settlement with the US Department of Justice over illegal marketing of the drug–Depakote, which is used to treat bipolar disorder. The settlement marks the end of a four-year investigation into Abbott’s selling of Depakote and represents one of the largest consumer protection settlements that involves a [...]

The German company–Deutsche Post, which pulled out of the US market in late 2008, is looking to expand “significantly” its US hub in Cincinnati, Ohio, in order to profit from strong customer demand for international express-mail services offered by its logistics divisionof DHL.
The company singled out volume and revenue growth in the Americas and Asia [...]