New York: The US dollar rose against the euro Friday as concerns about the fiscal cliff crisis encouraged investors to move away from the common European currency.
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New York: The US dollar rose against the euro Friday as concerns about the fiscal cliff crisis encouraged investors to move away from the common European currency.
At about 2200 GMT, the euro stood at $1.3181, down from $1.3241 late Thursday. It also lost against the Japanese yen, reaching 110.05 yen compared to 111.72 a day earlier.
The greenback
New York: The company that makes Oreo cookies is sweetening the pay for its CEO with a special stock award valued at $10 million (Dh36.7 million).
Mondelez International Inc said Friday in a regulatory filing that the award recognises Irene Rosenfeld for “top-tier performance” and “transformational” moves, such as the recent spinoff of
Online deals company Groupon says it will buy online retail manager CommerceInterface for an undisclosed amount.
Groupon said on Friday that the acquisition of the Salt Lake City-based company will help it manage Groupon Goods, an e-commerce business that sells products from thousands of vendors.
CommerceInterface will no longer work with other
Washington: The World Bank’s arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina’s expropriation of the company’s former energy affiliate YPF.
On its website, the International Centre for Settlement of Investment Disputes simply indicated that it had begun the arbitration process on Tuesday and the tribunal was
Disney says it has completed its acquisition of Lucasfilm Ltd for $4.06 billion (Dh14.93 billion) in cash and stock.
The company said on Friday that it issued 37.1 million shares and made a cash payment of $2.21 billion to buy the maker of “Star Wars” from its sole owner, George Lucas.
The total transaction value was based on Friday’s closing price o
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