New York: Groupon Inc Chief Executive Andrew Mason, under fire for a plunging share price and tapering growth, declared on Wednesday he would fire himself if he ever thought he was the wrong man for the job.
New York: Groupon Inc Chief Executive Andrew Mason, under fire for a plunging share price and tapering growth, declared on Wednesday he would fire himself if he ever thought he was the wrong man for the job.
Mason, whose performance at the helm will come under scrutiny from company directors during a regular board meeting Thursday, said it would be
Almaty: Kcell, Kazakhstan’s largest mobile phone operator, expects its initial public offering (IPO) to raise between $525 million (Dh1.93 billion) and $650 million when 25 per cent of its shares are floated in the shadow of a bumpy debut for Russian rival MegaFon.
The price range of $10.50-$13.00 per global depositary receipt (GDR) for next
Washington: Average US rates on fixed mortgages fell to fresh record lows this week, a trend that is boosting home sales and aiding the housing recovery.
Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan dipped to 3.31 per cent, the lowest on records dating back to 1971. That’s down from 3.34 per cent last week, t
Washington: New US single-family home sales fell slightly in October and sales for the prior month were revised sharply lower, casting a faint shadow over one of the brighter spots in the US economy.
The Commerce Department said on Wednesday sales dropped 0.3 per cent last month to a 368,000-unit annual rate, while September’s sales p
Dubai: Meraas Holding yesterday on Wednesday named Raed Al Nuaimi as Chief Leisure and Entertainment Officer. In his role, he will be responsible for translating Meraas’ strategic vision for Dubai by overseeing the development of leisure projects and drawing up an annual entertainment calendar for tourists and residents alike. He will also be m
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