December 18, 2014 8:28 am
BlackBerry revealed a new physical keyboard-equipped device, which is expected to bring the Canada-based company back to its roots and lure back traditional customers. The company said that it is planning to work in collaboration with different carriers all over the world in order to reach more customers. The new phone by BlackBerry is currently […]
Read moreDecember 17, 2014 3:47 pm
FedEx Corp reported increased quarterly profit, but below expectations due to higher aircraft maintenance expenses as the US delivery giant restated its full-year earnings outlook. For the fiscal second quarter ended November 30, Memphis-based FedEx reported a 5% increase in revenue to $11.9 billion, compared to last years $11.4 billion. The companys performance benefited from […]
Read moreDecember 17, 2014 1:34 pm
WPP has appointed Roberto Quarta to take Philip Laders place as chairman of the board, starting next year. Mr. Quarta will step in as non-executive director and chairman-designate of the worlds biggest advertising group by sales on January 1. He is expected to become chairman after the companys annual general meeting in June. Mr. Quarta […]
Read moreDecember 17, 2014 1:03 pm
Philips Electronics made an official statement today that it reached an agreement over the acquisition of Volcano Corp. in a deal estimated to over $1 billion. The step is considered as part of companys strategy to expand its reach in catheter-based imaging of both the heart and blood vessels in an attempt to focus on […]
Read moreDecember 17, 2014 10:03 am
Chinas technology giant Tencent Holdings Ltd announced on Tuesday that it had reached a distribution deal with Sony Music Entertainment. Asias second biggest Internet company said it had struck a deal with the Japanese company, which would give Tencent the exclusive rights over the online distribution in China of Sony Musics library, which includes artists […]
Read moreDecember 17, 2014 9:49 am
General Electric Co. projected that profit at its industrial divisions will increase by at least 10% next year. The outlook was found surprising by some analysts, considering the fact that the U.S.-based company has been affected by the sharp decline in oil prices. Chief Executive Officer Mr. Jeffrey Immelt said for NBC: “We’ve done what […]
Read moreDecember 17, 2014 8:19 am
Apple Inc. discharged of a lawsuit estimated to $1 billion after a jury ruled in favour of the U.S.-based tech giant in a case filed by some iPod users, who claimed that the company violated antitrust laws by suppressing competition through some software updates for the mobile device. The jurys decision was unanimous. Apple said […]
Read moreDecember 16, 2014 4:02 pm
Standard Chartered PLC agreed to sell its consumer finance units in Hong Kong and Shenzhen in line with the UK-based lenders plan to dispose of non-core businesses. The consortium which is buying Standard Chartereds PrimeCredit, includes the US hedge fund York Capital Management, the non-bank lender Pepper Australia Pty and it is led by China […]
Read moreDecember 16, 2014 1:56 pm
McDonalds Holdings Co (Japan) Ltd announced it would offer only small-sized frech fries for the near future as the fast-food chains supplies of potatoes are nearly depleted due to import delays. The prolonged labor dispute between 20 000 dockworkers and the Pacific Maritime Association has played its part in the major delays that started in […]
Read moreDecember 16, 2014 1:01 pm
BT Group revealed that it started exclusive negotiations over the acquisition of the British wireless joint venture of Deutsche Telekom AG and Orange SA, called EE. The value of the deal, which has been discussed over the talks, amounted to £12.5 billion ($19.5 billion). BT also said that the period of exclusive talks is expected […]
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