Ikeja Electric taps Deloitte to manage whistle-blowing platform

Businessam StaffJune 6, 2017

Ikeja Electric Plc, the electricity distribution company with coverage across parts of Lagos and Ogun states, has engaged the services of Deloitte, a leading Nigerian professional service firm, to manage a new platform it is dedicating to whistle-blowing by customers who have information that could help reveal illegal and unethical activities in its network. The […]

Stanbic IBTC Bank engages clients on employee productivity

Businessam StaffJune 6, 2017

Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has hosted the Human Resources Managers of the companies to a breakfast seminar with the theme “Increasing employee productivity through engagement”, with the keynote lecture delivered by principal partner, Philips Consulting, Foluso Philips. At the workshop organised at The Renaissance Hotel in Ikeja G.R.A. […]

Rio Tinto debt reduction proves popular with investors

Businessam StaffJune 6, 2017

Rio Tinto has repurchased $781m (£605m) of its bonds ahead of time as part of a wider $2.5bn debt reduction programme. The world’s second largest miner revealed plans to use cash reserves to reduce its debt burden on 22 May. The first tranche was due to be extinguished by 19 June. But in a short […]

AT&T reaches a tentative agreement with 17,000 workers

Businessam StaffJune 6, 2017

AT&T West, along with subsidiary DIRECTV, has reportedly reached a tentative agreement with 17,000 of its employees by working closely with the Communication Workers of America, but talks are ongoing with a large number of employees. The agreement that has been reached is tentative in nature. The deal was brokered by District 9 of the […]

British Airways’ reputation hurt by systems failure, Willie Walsh admits

Businessam StaffJune 5, 2017

The image of British Airways was damaged by the systems failure which grounded an estimated 75,000 passengers last month, Willie Walsh, the head of its parent company, IAG, has admitted. Mr Walsh, who was attending the summit of the aviation trade body, the International Air Transport Association in Cancun, voiced confidence that there would be […]

Blackstone offers $2 billion for Finnish real estate firm Sponda

Businessam StaffJune 5, 2017

U.S. private equity group Blackstone Group (BX.N) said on Monday it had offered to buy all shares in Finnish real estate investment company Sponda (SDA1V.HE) for about 1.8 billion euros ($2.0 billion) as it seeks to expand its real estate business in the Nordic region. The cash offer, 5.19 euros per share, represents a premium […]

How McDonald’s Corp. makes most of its money

Businessam StaffJune 4, 2017

It’s not from sales of the Big Mac, the Quarter Pounder, or Chicken McNuggets… With 37,000 locations across 120 countries, McDonald’s (NYSE: MCD) is easily the biggest restaurant chain in the world. The fast food titan is also among the most profitable companies on the market. Despite a weak operating year in 2016, its 20% […]

Takeoff and cruise: Toyota making ‘flying car,’ luxury boat

Businessam StaffJune 3, 2017

Toyota Motor Corp. is working on a “flying car.” Cartivator’s flying car model hovers on a former school ground in Toyota, central Japan, Saturday, June 3, 2017. Toyota Motor Corp. is working on a “flying car.” Cartivator Resource Management, in which Toyota invested 42.5 million yen ($386,000), showed to reporters Saturday a test flight of […]