April 7, 2015 8:18 am
FedEx Corporation announced on Tuesday in a joint press release with TNT Express NV that the two companies have reached a conditional agreement for the purchase of the Dutch parcel-delivery firm, two years after a $7-billion takeover of TNT by United Parcel Service Inc fell apart due to antitrust issues. TNT shares surged 30%. The […]
Read moreApril 3, 2015 8:21 am
The worlds biggest auto manufacturer will spend about $1.3 billion to build two new plants in China and Mexico in a bid to gain a better foothold on the growing Chinese and North American auto markets. This will be Toyotas first major investment after it opened a new Thai factory in 2013, when it paused […]
Read moreApril 2, 2015 8:17 am
McDonalds Corp., the worlds largest restaurant group, said it will raise wages at the 1 500 stores in the US it owns and also allow both full-time and part-time employees to accrue paid time-off. A month after Steve Easterbrook took over as chief executive officer, the company is lifting wages to at least $1 above […]
Read moreApril 1, 2015 9:42 am
In its quest for revenue growth Amazon.com unveiled a new service allowing its Prime members to order household items ranging from diapers to skin moisturizers with the push of a single button. What people actually thought was an earlier April Fools joke actually turned out to be the retailers first step into the “Internet of […]
Read moreMarch 31, 2015 9:53 am
Honda Motor Co Ltd., Japans third-biggest auto manufacturer, announced it will invest 200 million pounds in its European flagship facility to prepare it for the production of the next Civic model, ensuring the under-utilized plants medium-term future. “Honda of the UK Manufacturing (HUM) will become a global production hub for the next generation Civic five […]
Read moreMarch 27, 2015 1:13 pm
Yahoo! Inc announced on Thursday its board had authorized an additional $2 billion to its share-repurchasing program. According to a filling with the US Securities and Exchange Commission, the company has $726 million left of its $5-billion share buyback program announced in November 2013, before the new initiative kicks in. The new program, which is […]
Read moreMarch 27, 2015 10:40 am
Chevron announced on Friday that is aiming to sell its stake in Australias fuel company Caltex as the U.S. energy group slashes non-core assets in the wake of low oil prices. The company is looking to sell 135 million Caltex Australia shares, reflecting its 50% stake in the company. If successful the transaction would be […]
Read moreMarch 27, 2015 9:22 am
Toyota Motor Corp unveiled on Thursday details around its new manufacturing process which is based on sharing car components in order to reduce overall expenses. The Japanese automaker said that its new system, dubbed Toyota New Global Architecture, is aimed at manufacturing at least half of the companys production by 2020. Toyota also said that […]
Read moreMarch 26, 2015 1:13 pm
Germanys Adidas AG pledged to significantly boost its profits in the years to 2020 under Chief Executive Herbert Hainers new turnaround strategy. On Thursday, the worlds second-largest sportswear maker, lagging behind Nike, targeted a 15% growth in net income in each of the next five years as the company breathes life into its products. Adidas […]
Read moreMarch 26, 2015 11:02 am
Britains low-cost carrier EasyJet Plc announced on Thursday that thanks to less fuel expenses the company now expects higher first-half results. Europes second-largest budged airline said that it now expects to generate a pre-tax result of between a loss of £5 million and a profit of £10 million for the six months ending March 31, […]
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