December 12, 2014 1:00 pm
United Technologies Corp announced lower forecast for 2015, as the new CEO considers the value of existing business and the possibility of acquisitions. After the unannounced departure of Louis Chenevert, Greg Hayes took over as the new CEO of United Technologies. Following his appointment, Mr. Hayes admitted that investor returns had “not been very good” […]
Read moreDecember 12, 2014 11:53 am
The third-largest airline in the U.S., Delta Air Lines Inc., projected that its profit over the upcoming year would be boosted by declining fuel prices. However, the company said that lower prices could also have a negative effect, forcing it to give up from a total of $1.2 billion from fuel hedging. Delta Air forecast […]
Read moreDecember 12, 2014 9:23 am
According to a person familiar with the situation, who asked not to be named because the matter is still not public, Google Inc. intends to shut its engineering operations in Russia. The companys decision to transfer the operations out of the country is considered to have come, after the implementation of new rules by the […]
Read moreDecember 12, 2014 8:49 am
The share sale of the largest auto maker in Italy, Fiat Chrysler Automobiles NV, will be done at a discount of 4.1% after on Wednesday the auto makers stock plunged the most since its debut on the New York Stock Exchange in October. Fiat Chrysler made an official statement that an offering of 87 million […]
Read moreDecember 11, 2014 3:25 pm
RadioShack Corp announced a cost-cutting plan as the struggling electronics retailer reported its eleventh consecutive quarterly loss. “We have begun a detailed set of cost reduction initiatives designed to enhance earnings by over $400 million annually,” said CEO Joseph Magnacca. Those cost cuts will be related to the companys headquarters, field, stores, store support, store […]
Read moreDecember 11, 2014 1:45 pm
Zara store owner Industria de Diseño Textil SA, the worlds biggest clothing retailer, reported on Thursday profit and sales above expectations for the first nine months of the year. The Arteixo, Spain-based retailer said that net income increased to €1.69 billion during the period between February 1 and October 31, slightly up from the €1.67 […]
Read moreDecember 11, 2014 12:15 pm
eBay Inc is weighting the option to cut its workforce next year as the retailer figures out details around the upcoming spin-off of its PayPal payment unit, according to people with knowledge of the matter. Around 3 000 employees, or nearly 10% of all workers, will part ways with the company, the Wall Street Journal […]
Read moreDecember 11, 2014 11:37 am
Google Inc. announced that its news portal in Spain is planned to be closed due to new copyright legislation, which allows publishers charge Internet companies for their content that is being collected from other websites. The owner of the largest search engine in the world revealed in a blog post that Google News in Spain […]
Read moreDecember 11, 2014 9:38 am
The shares of Airbus Group NV plunged the most in more than six years after the company announced a projection for its 2016 earnings, projecting they will be “rather flat”. In addition, the company stated it will likely further reduce the manufacturing of its A330 long-range jet, as well as that it is currently dealing […]
Read moreDecember 11, 2014 8:35 am
According to a person with knowledge of the situation, Royal Bank of Scotland Group Plc is to pull out of fixed-income trading in Japan. The bank is to lay off some of its employees in the country, reducing their number by more than 200 to about 30. Most of the jobs will be cut by […]
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