announced news

Microsoft is restructuring its entire online division after the man who was behind its bid for Yahoo! unexpectedly announced his departure.

The National Bank of Abu Dhabi today announced an H1 2008 net profit of Dhs1.87bn, a 58% rise on the same period last year. NBAD said Q2 profits hit a record high. Net profits were Dhs1bn, up 72% on last year. Total assets reached Dhs165bn, up 33% on the same period in 2007.

Emirates has announced a series of environmental initiatives on the eve of taking delivery of its first Airbus A380, to improve its operations worldwide. Named the Emvironment programme, it includes the adoption of a new environmental policy for the company, a global staff awareness campaign and internal goals to reduce energy consumption and waste, as well as increase recycling and training.

Bleeding cash and with its very survival uncertain, Ford Motor Co., an icon of American automaking, will try to import some of its success from across the Atlantic. Ford reported its worst-ever quarterly loss Thursday and announced plans to bring over six...

The Brownyard Group,a program administrator providing specialized insurance coverage for select industry groups, announced it is offering workers' compensation

TORONTO, ONTARIO (MARKET WIRE) Fairmont Hotels & Resorts and Lexus, two global brands synonymous with luxury and style, today announced a formal partnership that will provide Fairmont President's Club members with an even greater level of personalized service during their stay. The principal and most visible component of the new marketing alliance will be the use of Lexus hybrid vehicles as hotel courtesy cars at Fairmont Hotels & Resorts in the United States.

SAN JOSE, CA (MARKET WIRE) Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), and CIS Corporate, Callidus Software's Latin American Reseller, today announced that one of Latin America's leading mobile telecommunications providers has selected the Callidus Software TrueComp(R) Manager, Callidus TrueAnalytics(TM), TrueResolution(R), and TrueInformation(R) software modules. The agreement was signed in the second quarter of 2008. The customer will use Callidus Software's solutions to manage and optimize sales performance and incentive management for its direct and indirect sales

Asset management firm Investcorp has announced a gross income fee for its 12 months to end of June of $382.9 slightly lower than its previous year's performance. Gross asset based income dropped 58% to $199.5 and net income for the period fell 50% to $151.1m. The company said despite the depressed financial markets, it said it had its second most profitable year. The company said its performance highlights the contrast between the booming economies of the Middle East and the turbulent market conditions across the US and Western Europe.

Ford Motor Co. announced plans to transform its vehicle lineup on Thursday and reported the largest quarterly loss in its 105-year history.

Thursday, July 24, 2008 By our correspondent ISLAMABAD: The Ministry of Commerce (MoC) on Wednesday through an SRO notified amendments in the Trade Policy 2008-09 announced this week, says a not...