Articles by: Elmira Miteva

General Motors completes sale of Ally Financial Inc.

General Motors Co. has made an important move that may turn out to be quite helpful as U.S. Government considers different options for its own shares in the company. The remaining stake in Ally Financial Inc., which is a former lending subsidiary company, is being sold by General Motors. Nowadays Ally Financial Inc. is one […] Read more

China Mobile and Apple sign a long-awaited deal

A long-awaited deal between Apple Inc. and China Mobile Ltd. has been signed. The tie-up concerns the distribution of iPhones on China Mobiles network, and will have literally a push-up effect on the Apples sales on the Chinese market – the worlds largest mobile market. The arrangement will give Apple access to more than 700 […] Read more

Tingyi on the way of using 1.6 billion dollars for food deals

Tingyi (Cayman Islands) Holding Corp. is a local Chinese company, which specialises in manufacturing and distributing baked goods, instant noodles and beverages. After its annual sales slowly grew, the company started considering expansion by buying instant food businesses. On November the 29th, Frank Lin, who is the Chief Financial Officer or Tingyi, announced that the […] Read more

US stocks slightly decrease over stimulus tapering concern

US stocks retreated for a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed recent economic data for the Federal Reserve to start paring stimulus efforts this month. The S&P 500 lost 0.1% to 1,792.81 at 4 p.m. in New York. The benchmark index hesitated from […] Read more

Takeda starts a new tradition in naming outsiders in leadership positions

Takeda Pharmaceutical Co. has more than 230 years of experience, during which the company proved itself not only as one of the oldest, but also one of the most successful Japanese drugmakers. The company also specializes in manufacturing food supplements, chemical products, food, agrochemicals and environment-related products. However, traditions are not what they used to […] Read more

Tesco loses its sales and influence as a grocer on the UK market

The largest food retailer in the UK – Tesco Plc. has announced that its domestic sales are falling once again due to the overall market slowdown. The sales of the company went 1.5% down during the third quarter of this financial year, and these losses exclude all gasoline and value-added taxes. The spokesmen of the […] Read more

HTC forced to withdraw flagship One Mini smartphone from UK after the Nokia trial

At the end of October this year, Nokia won a patent case against HTC in the UK, after a British judge ruled that the company made an infringement of a Nokia patent for technology used for voice transmission and text messages. This will force HTC to withdraw their One Mini smartphone, which is one of […] Read more

Novartis considers a veterinary unit spin-off

Novartis AG, which is one of the worlds most successful pharmaceutical and consumer healthcare products manufacturers. The company is based in Basel, Switzerland and specializes in both human and animal health products. These days it became clear that the animal-health business of Novartis is drawing interest from some drug-makers, such as Merck & Co. and […] Read more

Nintendo fails to meet the forecasts of its full-year profit

Recent market analysis have shown that, after Sony Corp. and Microsoft Corp. have both managed to sell more game consoles in 24 hours than Nintendo Co. did in the last nine months, the chances of Nintendo to meet its profit and justify its sales forecasts sharply decrease. The more family-focused content of Nintendo seems to […] Read more

Mercedes-Benz beats BMW on the luxury car market in U.S.

Daimler AGs Mercedes-Benz has long been second on the luxury car market in the United States, while BMW has occupied the first place among the most successful companies in the business over the last couple of years. However, this year Mercedes-Benz has all the chances of beating BWM and becoming the top-selling luxury-car maker in […] Read more