Articles by: Elmira Miteva

Hyundai and Kia expect slow sales growth in 2014

The two largest automakers in South Korea – Huyndai Motor Co. and its affiliate Kia Motors Corp. announced they expect slowest sales growth in almost a decade during 2014. On the other hand, the competition between them and their Japanese rivals, which benefit from a weaker yen, is becoming more fierce than ever. The companies […] Read more

Facebook and its stakeholders to sell shares

Facebook Inc. officially announced that the company and its stakeholders are going to sell shares estimated to 3.85 billion dollars in its first stock offering since the company went public last year. In a statement, made yesterday, the company said that 70 million shares were priced at 55.05 dollars each. Facebook will offer about 27 […] Read more

BlackBerry’s stock rises despite discouraging loss

As the Wall Street Journal reported yesterday, BlackBerry Ltd. recorded its worst-ever quarterly loss estimated to 4.4 billion dollars. The company explained the loss with the fact the sales of its new line of smartphones are lower than initially expected. After the Chief Executive Officer announced a new manufacturing deal and explained that the company […] Read more

Oracle Corp. buys Responsys for 1.5 billion dollars

Oracle Corp. provides enterprise software and computer hardware products and services and is known as the largest database maker worldwide. Yesterday, the company agreed to buy Responsys Inc. The deal is estimated to 1.5 billion dollars and is considered to up the ante of the technology company acquisitions that are yet to come. Bloomberg reported […] Read more

General Motors goes through a massive reorganization

Management reorganization at General Motors and the scaling back of the companys union with PSA Peugeot Citroen, have provoked certain insecurity over the carmakers strategy for Opel in the U.S. At the same time, European carmaker business seemed to become more stable. A Reuters reported The sixth boss of Opel over the last ten years […] Read more

Telefonica and KPN focus their deal on airwaves

Telefonica SA is one of the largest integrated telecommunications operators. The company provides communication, information and entertainment solutions operating through four business units. As reported by Bloomberg earlier today, the companys bid to combine its German phone unit with Royal KPN NVs E-Plus will face a probe by European authorities. People familiar with the matter […] Read more

Nike’s profit rises 40%, sales grow

The fiscal second-quarter profit of Nike Inc. increased 40%. There is a sales growth reported in Western Europe, greater China and North America, which helps the company improve its overall sporting-gear results. The strong demand of both the U.S. and several international markets, as well as the continuously increasing interest in greater China is responsible […] Read more

Facebook to sell 3.9 billion dollars in shares for the first time since IPO

Mark Zuckerberg – the Chief Executive Officer of Facebook Inc. plans to sell companys shares in order to pay taxes in an offering estimated about 3.9 billion dollars. As reported by Bloomberg, Facebook will offer about 27 million shares, with an additional 41.35 million shares by Zuckerberg and 1.6 million from the board member Marc […] Read more

US stocks little changed amid jobless claims, housing data

US stocks close mixed on Thursday, after the Federal Reserve’s decision to cut stimulus yesterday, as investors weighed economic data that included jobless claims and home sales. The S&P 500 lost 0.1% to 1,809.60 at 4 p.m. in New York, trimming an earlier drop of 0.5%. The Dow Jones Industrial Average added 11.11 points, or […] Read more

BlackBerry’s sales drop to 2007 level as CEO supports hardware focus

This week John Chen – the new Chief Executive Officer of BlackBerry Ltd. gets the chance to convince the investors he has the right attitude in order to revive a unit thats pulling the companys sales back down to the levels of 2007, by rejecting calls to exit the hardware business. Mr. Chen was picked […] Read more