Liberty Global to acquire Ziggo in a 4.9-billion-Euro deal

January 27, 2014 3:29 pm
Liberty Global announced that it has reached an agreement with the Dutch broadband provider Ziggo to fully take it over. The deal is estimated to 4.9 billion Euro (6.7 billion dollars) and will consolidate the positions of Liberty Global as the leader in the cable industry in Europe. The two companies announced the investors of […] Read more

Ericsson and Samsung Electronics announce patent deal to end legal disputes

January 27, 2014 2:08 pm
Ericsson AB and Samsung Electronics Co. announced that they managed to settle their patent dispute and made a deal over wireless technology in smartphones, televisions, tablets and Blu-Ray disk players. The agreement between the two companies is multi-year and cross-licensing, and relates to GSM, UMTS and LTE standards for networks and handsets. The contract is […] Read more

BG Group Plc announces expectations of lower 2013 earnings

January 27, 2014 12:21 pm
BG Group Plc became the second oil and gas producer to issue a profit warning this month. The company, which operates as an integrated natural gas company and explores, develops, produces liquefies and markets hydrocarbons with a focus on natural gas, officially announced that its earnings for 2013 would be lower than the initially expected […] Read more

AT&T rules out possible bidding for Vodafone Group

January 27, 2014 9:40 am
AT&T officially announced that it does not have any plans of making an offer for Vodafone Group Plc. This announcement was made in a statement to the U.K. Authorities, which prohibits the second-largest wireless carrier in the U.S. to make a takeover bid in the next six months. AT&T is a communications holding company, which […] Read more

Samsung, Google enter into a patent licensing agreement

January 27, 2014 8:44 am
Google Inc. and Samsung Electronics Co. Ltd have made their partnership stronger thanks to wide-ranging patent licensing agreement. The agreement is to be signed considering the intellectual property battles with some smartphone competitors such as Apple Inc., which have recently become more intense. As reported by the Financial Times, the deputy General Counsel for patents […] Read more

Google snaps its largest European acquisition, focuses on AI

January 27, 2014 8:37 am
Google has made its largest European acquisition yet with the purchase of DeepMind, an artificial intelligence start-up based in London. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing the source of the information. DeepMind was operating in a secretive “stealth mode” before it had […] Read more

Fiat board to discuss a possible US stock listing

January 26, 2014 10:48 am
Fiats CEO Sergio Marchionne considers New York Stock Exchange to be the primary market for shares of the company created from a merger with Chrysler Group LLC, people familiar with the matter said. Sergio Marchionnes proposal would mirror the direction taken last year by Fiats sister company, CNH Industrial, of which hes chairman. It would […] Read more

US stocks fall the most in a week since 2012

January 25, 2014 10:15 am
US stocks fell for the week, pushing benchmark indexes their biggest losses since 2012, as signs of industrial weakness in China spurred concern that global growth would tumble. The S&P 500 fell 2.6% to 1,790.29 over the four trading days, posting its largest decrease since June 2012 and adding losses for second straight week. The […] Read more

US stocks retreat amid corporate earnings news

January 22, 2014 9:18 am
US stocks closed mixed as the latest batch of earnings news didnt manage to give the market a fresh sense of direction. The S&P 500 index added 5.10 points, or 0.28%, to 1843.80, with utilities and materials shares leading gains in eight of 10 sector groups. That reversed an earlier loss of as much as […] Read more