Articles by: Elmira Miteva

General Motors withdraws Holden production in Australia

Last Wednesday General Motors Co. announced that it intends to close its Holden production facilities located in Australia by the end of 2017. This was quite an unexpected move that will result in the loss of thousands of jobs, which makes the companys future unstable. General Motors decision to end manufacturing by the end of […] Read more

Carrefour to buy 127 shopping centres in a deal worth 2 billion euros

Carrefour announced that it will invest 2 billion Euro for the purchase of 127 European shopping centre sites from Klépierre, as the French supermarket operator has decided to undertake a new strategy of going back to basics in order to update its locations and extend its reach in Europe. The purchase is happening after the […] Read more

GSK to heave its control of its drugs unit in India

GlaxoSmithKline Plc. is a science-led global healthcare company which researches, tests and develops a variety of innovative medicines and brands. The company is trying to increase its stake in Indian subsidiary from 50 to 75%, which is going to make it the latest global company to deploy cash in order to raise exposure to its […] Read more

Microsoft faces the challenge of CEO hunt

Last month Microsoft Corp.s co-founder Bill Gates announced that the companys chief executive officer is a “complex role to fill” in front of the software makers shareholders. This could be valid, in fact considering Microsofts board is still looking for a final candidate. On December the 12th, the No. 2 executive of Qualcomm Inc.s – […] Read more

Hard time for Boeing, Union negotiations fail again

Boeing Co. and its largest union exchanged harsh words on Friday over the latest round of failed contract negotiations. The talks were associated with building the 777X model in the Washington state commercial base of the company. Boeing announced that it is considering proposals from 22 states, all of which are interested in manufacturing the […] Read more

T-Mobile share price rises as Sprint considers an offer

T-Mobile US Inc. is known as the fourth-largest wireless carrier in the U.S. The company provides wireless voice, messaging and data services, and consists of advanced nationwide 4G and 4G LTE network. On Friday the share price of the company rose the most in more than a year. The companys share price jumped to $27.64 […] Read more

Verizon and Intel near deal over OnCue service

Verizon Communications Inc. seems to be near an agreement to purchase the Internet-based pay-TV startup of Intel Corp. The company has not made an official announcement yet, because the negotiations are not public, but the deal is expected to be announced next week, when the final details about it are set up. Intel Corp. preferred […] Read more

Google fails in its hope of EU settlement over competition changes

Google Inc. has been hoping to settle its high-profile antitrust case in the European Union, but unfortunately its hopes suffered a failure. It turned out that competitors and consumer groups of the company reprimanded its latest proposals that concern resolving the EUs competition concerns. Critics also did not speak highly of Googles initiative. They commented […] Read more

Coca-Cola Americas management shaken up

The senior management of Coca-Cola Co. was seriously shaken late Thursday, when the company announced that its Americas chief is leaving. The news of the resignation of Steve Cahillane, who was once expected to be the successor of Chief Executive Muhtar Kent, stroke all departments of the company, especially taking into account the fact that […] Read more

Samsung being rejected the patent case against Apple by court

Samsung Electronics Co. lost the case against Apple Inc., as the court in Seoul ruled that Apple Inc. did not violated some of the Samsungs patents. The case was considered one of the top legal battles of the year, because it managed to highlight the difficulties the company faces when trying to build its cases […] Read more