January 5, 2015 8:40 am
The OnStar service provided by General Motors Co. intends to start providing retailers with the opportunity to reach customers in a more direct way while the latter are driving. The company revealed a new service at the Consumer Electronics Show, which took place in Las Vegas. The President of The Priceline Partner Network, Randy Schartner, […]
Read moreJanuary 4, 2015 1:10 pm
Italian businessman Andrea Bonomi announced on Friday that he is backing down from the bid war for control over the resort operator, ending the longest takeover battle in French history. Global Resorts, controlled by Mr. Bonomi, officially gave up on the 18-month bid war with the Chinese group Fosun International, five days ahead of the […]
Read moreJanuary 3, 2015 4:42 pm
The UK claims processor Quindell PLC said on Friday is considering a division sale as an attempt to generate more cash. “The group is in early discussions with a range of parties interested in exploring possible transactions with the group relating to a number of its operating businesses,” the company said in a statement. However, […]
Read moreJanuary 2, 2015 12:09 pm
Novartis AG announced on Thursday it had completed the $5.4-billion sale of its animal-health division to Eli Lilly & Co. The closing of the deal is in line with the April-announced plan of the Basel-based drug giant to focus Novartis effort on its three leading businesses of global scale: innovative pharmaceuticals, eye care, and generics. […]
Read moreJanuary 1, 2015 3:11 pm
Samsung Electronics Co, the worlds largest TV manufacturer, announced on Thursday that its self-developed Tizen operating system will be largely implemented in its television sets starting 2015. Samsung has been working with Inter Corp. for years over the creation of the operating system, which was initially intended to work on smartphones and replace Google Incs […]
Read moreDecember 31, 2014 12:04 pm
BMW AG faces difficulties to maintain a healthy relationship with its China dealers as more car distributors threaten to not purchase any new vehicles unless the German auto giant decrease its sales target and offer subsidies. According to executives at two BMW dealerships, the car sellers will stop taking BMW vehicles starting as early as […]
Read moreDecember 30, 2014 3:17 pm
In a regulatory filling on Monday Shake Shack Inc said it is looking to raise a place holder amount of $100 million, more than 10 years after the restaurateur Danny Meyer opened its first location in New York. The company has gone a long way since Mr. Meyer set up a single hog dog cart […]
Read moreDecember 30, 2014 1:46 pm
The fifth-largest auto manufacturer worldwide, Hyundai Motor Co., plans to build two more factories in China in collaboration with its local partner BAIC Motor Corp. This step would expand the company’s output in the country by about 57% and is part of Hyundai’s efforts to meet customers’ demand in the largest market of the auto […]
Read moreDecember 30, 2014 1:06 pm
TalkTalk Telecom Group Plc is set to purchase Tescos unprofitable Blinkbox and the deal is expected to be announced next week when Tescos CEO Dave Lewis unveils its new strategy plan. In his attempts to turn around the struggling UK retailer, Mr. Lewis is planning to dispose of the online video streaming service, according to […]
Read moreDecember 30, 2014 10:53 am
Fiat Chrysler Automobiles NV announced the withdrawal of almost 67 000 older-model pickup trucks due to alleged clutch issues which have been associated to one death case. The models include Fiat Chrysler’s Dodge and Mitsubishi pickups, which were manufactured in 2006 and 2007. The death was confirmed by the company to have resulted by the problem. […]
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