The Astana Arlan’s Head Coach Korchynsky’s prediction of 3:2 was right, though not in favor of his Wolves. The Alpha Wolves lost to Cuban Domadores for the first time this season.
Panasonic is set to cut its chip division workforce in half, axing thousands of jobs as the electronics giant overhauls its battered balance sheet after record losses.
Embattled Australian surfwear brand Billabong reported a huge Aus$859.5 million (US$771.7 million) net annual loss Tuesday -- triple the firm's market value and far worse than analyst forecasts.
The world's 136 largest coastal cities could risk combined annual losses of $1 trillion (750 billion euros) from floods by 2050 unless they drastically raise their defences.
State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.
Apple shares extended their losses Friday, ending a miserable week for the California tech giant as it surrendered its position as the world's biggest company based on market value.
Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal.
Shares in Panasonic dived nearly 20 percent Thursday after the Japanese firm warned of a mammoth $9.6 billion annual loss in the latest sign of trouble for the nation's hard-hit electronics giants.
The Philippines lost $2.46 billion through misuse of state funds and assets during the latter years of graft-tainted ex-president Gloria Arroyo's rule.
Scandal-wracked Olympus and three of its former top executives pleaded guilty in court Tuesday over charges that they covered up losses worth $1.7 billion stemming from bad investments.