Business News

M&C Saatchi has named Lean Mean Fighting Machine co-founder Tom Bazeley as CEO - the company’s first with a background in digital.

Brand consultancy Interbrand has published its latest run through of the world’s 100 brands, topped this year by Apple and Google which were valued at $118.9bn and $107.43bn respectively after riding the crest of a 11.3 per cent wave of year-over-year growth in the tech category – now worth $493.2bn in terms of brand value.

Retail and leisure brands including House of Fraser, Debenhams and Starbucks have signed up as launch partners of Giftcloud, an app that lets users send e-gifts to friends and family via text, email and social media.

Instagram has teamed with boutique travel brand Herb Lester Associates for the creation of a series of city guides featuring ‘off the beaten track’ travel recommendations.

Yahoo is said to cutting about 400 positions at its offices in Bangalore, India, according to a Bloomberg report citing an unnamed source. But in an interesting twist, says the Los Angeles Times, it's offering more than 40 percent of the affected workers positions in the U.S.

Facebook has introduced a hyper-local targeting tool for ads, which allows businesses to focus on customers who either live or have visited the area.

Redbull customers expecting a cash reimbursement after the firm was sued for using the misleading ‘Redbull gives you wings’ motto for over a decade may be in for a bit of a disappointment following a high volume of users claiming their share of the payout.

A ground breaking milestone in the eco tourism industry took place recently when the Palpatha Eco Safari Lodge, became the first of its kind in the industry to be certified as a BiodiversityConscious® Lodge.

The Sri Lanka Institute of Credit Management (SLICM) the only institute which offers credit management education in Sri Lanka, opened its registrations for the October intake for the Micro Credit Management Programme, which was recently launched by the institute.

Truecaller, world's largest verified mobile phone community came forth as a sponsor for the Canfi 2014-walk against cancer awareness program held recently in Colombo.