December 28, 2014 6:43 pm
LG Electronics said that prosecutors raided its headquarters in Seoul on Friday amid accusations that executives from the South Korean company damaged rival Samsungs products while attending a trade fair in Germany. Samsung claims that LG employees, including Jo Seong-jin, president of the companys home appliance division, vandalized several of its premium washing machines, which […]
Read moreDecember 27, 2014 12:55 pm
Amazon.com Inc announced on Friday that it had expanded its Prime customer base with more than 10 million new members during the holidays. Prime members, who pay $99 a year in order to get unlimited free two-day shipping, are projected to spent twice as much as regular members and Amazon considers them vital to its […]
Read moreDecember 26, 2014 11:30 am
RadioShack Corp has picked up the pace in store closures in line with its plan to reduce size, but the struggling electronics retailer is a long way from done. RadioShack has shut down more stores in the past two months compared to the rest of the year, however, it has only eliminated one fifth of […]
Read moreDecember 25, 2014 3:48 pm
Sony Pictures Entertainments “The Interview” was made available for online viewing on platforms, including Google Play, Youtube, Microsofts Xbox video and a dedicated Sony website, and will be released in around 300 cinemas around the US on Christmas day. Last week Sony pulled out the title after the biggest US cinema chains said that they […]
Read moreDecember 24, 2014 9:50 am
Coca-Cola Co intends to trim its workforce by at least 1 000 to 2 000 employees globally in line with its cost-cutting $3-billion plan announced in October, after the beverage maker posted disappointing results for the third quarter. Under its plan Atlanta-based Coca-Cola will be undertaking its largest employee lay off in 15 years during […]
Read moreDecember 23, 2014 3:39 pm
Walgreen Co, the biggest US drugstore chain by revenue, reported Q1 results above analysts expectations, boosted by cost cuts and robust pharmacy sales. For the first quarter ended November 30, Walgreen stated a 6.7% yearly increase in sales to $19.6 billion, helped by a company record of 222 million filed prescriptions, or 4.3% more compared […]
Read moreDecember 23, 2014 2:22 pm
Google Inc. revealed its driverless car’s first finished prototype. The car’s design is not so different from the one the company first unveiled in May this year, but this new one is fully functional. The new undertaking of the company comes at a moment when Google is putting efforts into expanding reach outside its major […]
Read moreDecember 23, 2014 1:36 pm
Thorntons Plc announced on Tuesday that its full-year earnings are expected to decrease compared to last years as the British chocolate maker faces difficulties in its UK commercial channel. The company said it had experienced a “significant reduction” in expected orders from major grocers in the run-up to Christmas. Alfreton, England-based Thorntons, with customers like […]
Read moreDecember 23, 2014 10:46 am
The proposed $45-billion merger of Comcast Corp. with Time Warner Cable Inc. has once again been delayed. This time the postponement of the deal occurred, as Time Warner Cable failed to provide the Federal Communications Commission with the required documents on time. A spokesperson of Comcast, Sena Fitzmaurice, said in an e-mailed comment on the […]
Read moreDecember 23, 2014 10:38 am
Telstra Corp Ltd agreed to acquire subsea cable operator Pacnet Ltd as Australias largest telecoms company boosts its operations in Asia. The acquisition of Singapore and Hong Kong-based Pacnet outlines revitalized interest in Asia from cash-rich Telstra, which disposed of its Hong Kong mobile business last year. Telstra is one of the few companies which […]
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