December 10, 2014 3:34 pm
International Business Machines Corp and Apple Inc will be revealing the first ten applications since their partnership was announced five months ago. The initial set of applications are aimed at governments and businesses, who are trying to keep up with the fast development of todays technology. Under the targeted audience are banks, retailers, insurers, telecommunication […]
Read moreDecember 10, 2014 2:07 pm
HSBC Holdings Plc has fired its European head of currency trading in relation to the foreign-exchange scandal last month, for which the British bank was fined $618 million. Stuart Scott, who was based in London and was in charge of foreign-exchange trading operations, was dismissed on December 9, after seven years with the British lender. […]
Read moreDecember 10, 2014 12:41 pm
The largest warehouse-club chain in the U.S., Costco Wholesale Corp., reported a profit, that outpaced initial analysts forecasts over the quarter that ended in November. The reported figure came as a result of increased sales at established stores over the period. Costcos profit also benefited from membership fees. The U.S.-based company, currently one of the […]
Read moreDecember 10, 2014 12:40 pm
Samsung Electronics Co said it will combine two of its US subsidiaries in order to boost efficiency and increase competitiveness. The tech giant said in a statement that it will merge its Samsung Electronics America Inc, main distributor for consumer electronics in the US, with Samsung Telecommunications America LLC, its mobile division, into a single […]
Read moreDecember 10, 2014 9:43 am
Amazon.com Inc. is planning to expand its reach in video games. The U.S.-based company announced that it is to acquire GoodGame, a company known for holding teams of video-game players and hosting live gaming tournaments. GoodGame, based in the U.S., is focused on organizing the so-called “esports” events, in which different gaming teams compete. The […]
Read moreDecember 10, 2014 8:27 am
The top premium car manufacturer, Bayerische Motoren Werke AG, announced that its Chief Executive Officer Norbert Reithofer is to leave the company in May 2015. The Germany-based BMW appointed Harald Krueger as a successor of Mr. Reithofer at a time when the auto industry is shaken by some far-reaching changes. Mr. Reithofer, whose contract as […]
Read moreDecember 9, 2014 3:49 pm
Boeing Co said it expects strong demand for new airplanes during 2015, materializing in about $124 billion of needed financing for all plane deliveries, nearly double the amount compared to 2010. Funding of Boeing deliveries in 2015 is projected to mirror that of the broader industry, the company said, roughly balanced between cash, commercial bank […]
Read moreDecember 9, 2014 2:54 pm
The largest retailer in the U.K., Tesco Plc, announced that it expects its annual earnings will equal almost the half of those projected in August. This downward revision of the companys profit forecast comes at a moment, when Tesco has been trying to turn its business around after revealing an overstated profit. The projection is […]
Read moreDecember 9, 2014 1:26 pm
Deutsche Bank AG, Germanys largest loan provider, is being sued by the US government over allegedly creating a network of underfunded shell companies to avoid paying US taxes. On Monday the US attorney for the Southern District of New York filed a lawsuit seeking 190 million in taxes, penalties and interest. The lawsuit pointed at […]
Read moreDecember 9, 2014 12:00 pm
McDonalds Corp reported its worst monthly decline in US same-store sales since 2001 and said that such performance is expected to have a negative impact on its fourth-quarter results. The companys US sales have decreasing since May, prompting management to take action in McDonalds most important market. The Novembers decline of 4.6% in same-store sales, […]
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