February 20, 2015 1:07 pm
Manufacturer of advanced lithium-ion batteries A123 Systems is suing Apple Inc claiming that the iPhone giant stole its leading engineers and researchers. A123 Systems, wholly owned by the Chinese car parts maker Wanxiang Group, launched a lawsuit against Apple earlier this week accusing the Cupertino, California-based company of poaching its employees in order to establish […]
Read moreFebruary 20, 2015 10:52 am
Googles online video streaming service will introduce a new application for children next week that will be compatible with smartphones and tablets. YouTube, which has over 1 billion users, will launch its new service on Monday in the U.S. and the application will be available for download through Googles Play Store. The software will work […]
Read moreFebruary 20, 2015 9:19 am
Lenovo Group Ltd had sold laptops with pre-installed software exposing its devices to hacker attacks and unauthorized monitoring. In September the largest personal computer manufacturer started distributing its devices with a software called SuperFish marketed as a free search tool. However, soon after the first devices were delivered, complaints started raining on Lenovo. Consumers accused […]
Read moreFebruary 19, 2015 4:13 pm
Wal-Mart Stores Inc announced on Thursday that it would increase the pay rate of its US staff above the minimum amid rebounding sales at home. The worlds biggest retailer said it would spend more than $1 billion on wage increases during this fiscal year. The company intents to start paying its employees at least $9.00 […]
Read moreFebruary 19, 2015 3:03 pm
Air France-KLM SA reported profit above expectations on Thursday but warned that it would reduce its investment plan by €300 million during the year ahead as the company battles weakness in Europe. The airline company stated net income of €316 million, or €1.07 a share, in the three months ended December compared to a loss […]
Read moreFebruary 19, 2015 1:18 pm
Samsung Electronics Co said Wednesday that it had purchased a US mobile payment startup, outlining its plan to compete with Apple Pay. The South Korean technology giant acquired Burlington-based LoopPay for an undisclosed amount as it makes its push into mobile payments, where rival Apple is already gaining some traction. The market is quickly getting […]
Read moreFebruary 19, 2015 10:55 am
BAE System Plc announced on Thursday a 12% decline in full-year profit as Europe’s biggest defense company suffered amid lower military spending. The London-based company said underlying earnings before interest, taxes, and amortization dropped to £1.70 billion in 2014 compared to the £1.93 billion stated in the prior period. Revenue for the year slided 8.5% […]
Read moreFebruary 19, 2015 9:29 am
Barrick Gold Corp announced on Wednesday it plans to reduce its net debt by more than $3 billion by the of this year, party by disposing of two of its mines. The worlds largest gold producer said it intends to start a process to sell its Cowal mine in Australia and the Porgera joint-venture between […]
Read moreFebruary 18, 2015 4:06 pm
Actavis Plc announced a wider loss on Wednesday but projected higher earnings in the year ahead on estimations of robust demand for its new products. The company reported a net loss of $732.9 million, or $2.76 a share, for the three months ended December 31 compared with $148.4 million below the zero mark in the […]
Read moreFebruary 18, 2015 2:27 pm
Carlsberg A/S announced changes at the helm as the worlds fourth-biggest brewer projected lower profit in the year ahead on problems in Russia and Ukraine. Chief Executive Jorgen Buhl Rasmussen will step down from the lead position and be replaced by Cees ’t Hart, marking the first non-Danish CEO since the company was established in […]
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