Other News

Petrobras recovers USD197 million from car wash operation
Energy

Petrobras recovers USD197 million from car wash operation

Brazil’s national oil company, Petrobras said it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation. With this return, the total amount of resources transferred to Petrobras since the beginning of the Operation […]

PepsiCo names Mike Spanos Chief Executive Officer
Global

PepsiCo names Mike Spanos Chief Executive Officer

PepsiCo has appointed Mike Spanos who is currently President, PepsiCo Greater China Region as Chief Executive Officer, Asia, Middle East and North Africa (AMENA), while Sanjeev Chadha, currently Chief Executive Officer of AMENA, will become Chairman of AMENA through the end of Q1 2018. Both Spanos and Chadha will report […]

GE Power set to cut about 12,000 jobs
Global

GE Power set to cut about 12,000 jobs

GE Power said it plans to reduce its global headcount by approximately 12,000 positions, affecting both professional and production employees. The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1 billion in structural cost reductions in 2018. The company […]