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Another top PPC exec quits

Oct 23 2014 17:16

Portland Pretoria Cement has announced that joint managing director Richard Tomes resigned with immediate effect, this shortly after Ketso Gordhan quit as CEO.


Caterpillar posts strong quarterly earnings

Oct 23 2014 15:30

US industrial giant Caterpillar has reported sharply improved earnings for the third quarter despite slower global economic growth.


Honda execs taking pay cuts

Oct 23 2014 15:00

Honda Motor says its executives will take salary cuts for three months after the fifth recall in a year of the new Fit hybrid in Japan.


Russia detains four more in Total crash probe

Oct 23 2014 13:00

Russian investigators have detained four more staff members at the Moscow airport where the CEO of French oil giant Total died.


R253m in bonuses for Transnet pensioners

Oct 23 2014 07:57

Transnet pensioners will receive a total of R253m in ad hoc bonuses from the funds including a voluntary bonus, taking the total to R2.3bn since 2010.


Daimler eyes $780m boost from Tesla stake

Oct 22 2014 15:00

Daimler AG will book a $780m windfall from the sale of its 4% stake in US electric car maker Tesla Motors, a move that surprised investors.


Total names new head after CEO's death

Oct 22 2014 13:50

Total has named Patrick Pouyanne as its new chief executive while former CEO Thierry Desmarest was appointed chairperson, a union source told AFP.


Commission approves plumbing merger

Oct 22 2014 12:00

The intermediate merger between Grohe Luxembourg Four SA and Watertech has been unconditionally approved, says the Competition Commission.


PetroSA posts R1.65bn net loss

Oct 21 2014 21:00

PetroSA has recorded an overall net loss of R1.65bn in the last financial year, despite an operating profit of R2.2bn.


Heads to roll after Total CEO's crash

Oct 21 2014 18:47

Several executives face suspension following a plane crash at a Moscow airport that killed Total CEO Christophe de Margerie, investigators say.

Inside Fin24.com


French energy industry reeling from recent exits

Oct 21 2014 16:05

France's powerful energy industry has been turned upside down as some of its most-high profile players have left - or been forced out - of their roles.


Lockheed Martin UK wins $1bn tanks contract

Oct 21 2014 17:15

Lockheed Martin UK has won a $1bn contract from General Dynamics UK to provide turrets for the new Scout specialist vehicle ordered by Britain's armed forces.

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