December 23, 2014 10:31 am
Alstom SA pleaded guilty and agreed to pay a total of $772 million in order to end an investigation carried out by the U.S. Justice Department over a “widespread” bribery scheme to win energy contracts in Indonesia and the Middle East. The Chief Executive Officer of Alstom, Patrick Kron, said in a statement, cited by […]
Read moreDecember 22, 2014 4:13 pm
NK Rosneft’ OAO reported that a total of $7 billion in debt was repaid. The company also said it is generating enough profit in order to meet its obligations related to the $55-billion purchase of TNK-BP in 2013. Rosneft claimed its ambitions to become the biggest traded oil producer worldwide. A total of $25 billion […]
Read moreDecember 22, 2014 3:51 pm
Denmarks high-quality consumer electronics manufacturer Bang & Olufsen A/S projected lower full-year 2014/2015 earnings due to supply-chain issues. B&O said that ramp-up issues in its production had higher-than-expected negative impact on new product releases, costs and profit margins. It now expects an operating loss for the full-year, compared to its previous guidance of positive earnings […]
Read moreDecember 22, 2014 1:06 pm
Home improvement group Kingfisher Plc announced on Monday it had agreed to sell a controlling 70% stake in its unprofitable B&Q China business for £140 million. The all-cash deal with Wumei Holdings marks the end of a nine-month search for a domestic partner by the UK company. The agreement is subject to regulatory approval by […]
Read moreDecember 22, 2014 12:16 pm
Fosun International Ltd revealed that it made another offer for Club Meditarranee SA, which extended the deadlock between the parties. The step also emphasized on the China-based conglomerate’s determination to win the long-lasting takeover battle for the French resort company. According to the announcement, the bid is made in collaboration with some partners of Fosun […]
Read moreDecember 22, 2014 10:44 am
Transfield Services Ltd fell nearly 18% in Sydney after the Spanish infrastructure group Ferrovial announced it has ceased negotiations with the Australian outsourcing and infrastructure services company. In its latest attempt for a takeover, Ferrovial offered a sweetened A$2 per share for Transfield. However, the board of the Australian company said the price “still does […]
Read moreDecember 22, 2014 10:32 am
Nissan Motor Co. Ltd, having the largest market share in Russia together with its partners Renault SA and OAO AvtoVAZ, announced that it has decided to stop taking orders for some of its vehicle models in the country. In addition, the company revealed that it intends to continue increasing the prices in case that the […]
Read moreDecember 21, 2014 8:50 am
Roche Holding AG shares fell by the most in over five years as the Swiss company reported discouraging results from a study of two of its newer breast cancer drugs, dubbed Marianne, curbing hopes for stronger sales in one of its major markets. According to the companys statement, the breast cancer drug Kadcyla did not […]
Read moreDecember 20, 2014 9:59 am
BlackBerry reported that revenue in the third fiscal quarter failed to reach analysts forecasts due to a steep drop in smartphone sales, signaling the companys difficulties to gain traction. Revenue declined by 34% to $793 million in the three months ended on November 29th, falling short of analysts projections for revenue of $931 million. Chief […]
Read moreDecember 19, 2014 3:45 pm
Samsung Electronics announced on Friday it plans to boost its full-year dividend payout by 30% to 50%, as an answer to investors calls for higher returns. The move comes after last months announcement that the South Korean company would buy back $2 billion worth of shares as a part of its restructuring program. The decision […]
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