Oracle has said it intends to vigorously defend the matter. A former senior finance manager at Oracle Corp raised a lawsuit against the company on Wednesday after alleging that she was fired as a result of complaining about improper account practices at the...

Ted Baker Enjoys International And Online Sales Growth

Ted Baker Store

Ted Baker was able to shrug off glum UK high street sales due to having just 20 standalone shops. British clothing company, Ted Baker (LON:TED), experienced an increase in online sales coupled with international...

Shell To Pull Out Of 10 Countries Following BG Group Merger

Shell Oil Rig

Shell said it would be focusing on more profitable locations as it attempts to boost shareholder returns. Royal Dutch Shell is pulling out its oil and gas operations in about 10 countries to further cut...

Johnson Matthey Plc Shares Rise On Better Than Expected Full Year Results

Johnson Matthey is anticipating ongoing cost savings of £40 million through the restructuring of its business. Multinational speciality chemicals and sustainable technologies company, Johnson Matthey...

Tata Completes European Sale To Greybull Capital

All of the Long Products Europe business will now trade under the name British Steel. Tata Steel Limited, an Indian multinational steel-making company headquartered in Mumbai, has completed the sale of...

Salix Settles Misconduct Case For $54 Million

Salix Pharmaceuticals

Salix Pharmaceuticals was accused of paying illegal kickbacks to doctors for prescribing their products. McEldrew Young announced on Thursday a $54 million settlement of a civil case involving the False...

Valeant Struggles To Recover Profitability In Wake Of Investigations

Valeant

Valeant cut its forward guidance as revenues fell short of expectations. Valeant Pharmaceuticals International Inc disappointed investors again on Tuesday falling short of its first quarter earnings expectations...

Devon Energy Corp Sells $1 Billion Of Oil Assets

Devon Energy Corp is attempting to reduce its debts by selling $3 billion worth of assets. Devon Energy Corp has agreed to sell $1 billion worth of assets in oil fields in Texas and Oklahoma including...

Michael Kors Announces Sales Growth Ahead Of Analyst Expectations

Michael Kors saw its shares rise by 6.6 per cent during morning trade. Michael Kors Holding Ltd. recorded a better-than-expected 11 per cent increase in its quarterly revenues, the strongest growth in...