December 9, 2014 9:55 am
The hopes of BP Plc to limit the compensations amount for its oil spill in the Gulf of Mexico in 2010 have suffered a serious blow by the U.S. Supreme Court, which rejected the companys plea to review to the settlement. Geoff Morrell, a spokesman of BP, said in a written statement, cited by the […]
Read moreDecember 9, 2014 8:30 am
The largest wireless carrier in the U.S., Verizon Communications Inc., said in an official statement that its wireless margins over the fourth quarter of the fiscal year are expected to be negatively affected due to phone discounts and lower prices, which led to a sharp increase of new monthly subscribers. Although Verizon has been careful […]
Read moreDecember 8, 2014 3:55 pm
Sony Corp was victimized by another hacker attack, this time the hit was aimed at its PlayStation store, which resulted in two hours of downtime. Todays cyber assault follows last months hacking of Sony Pictures Entertainment’s computer network, the outcome of which was the illegal release of several of its films, including Brad Pits Fury […]
Read moreDecember 8, 2014 2:15 pm
Merck & Co Inc, the second-largest US drugmaker, agreed to purchase Cubist Pharmaceuticals Inc, a biotech company, in a $9.5 billion deal. “Cubist is a global leader in antibiotics and has built a strong portfolio of both marketed and late-stage pipeline medicines,” said Mercks CEO Kenneth Frazier. Under the deal Merck will pay $102 per […]
Read moreDecember 8, 2014 12:46 pm
Insurer esure Group PLC, has agreed to acquire the remaining 50%, which it doesnt already own, of Gocompare.com Holdings Ltd, a website for comparing prices of different financial services. “This is a great opportunity for the esure Group to acquire the remaining share of an important and innovative player in the price comparison market at […]
Read moreDecember 8, 2014 10:27 am
Some of the founders of the second-largest software services company in India, Infosys Ltd, were reported by the manager of the share sale – Deutsche Equities India Pvt – to have sold a 2.8% stake in the company at the amount of $1.05 billion. The managing director of K.R. Choksey Shares & Securities Pvt, Deven […]
Read moreDecember 8, 2014 9:05 am
The largest airline carrier in Australia, Qantas Airways Ltd, said that its turnaround strategy is starting to bear fruit, considering the fact that the Australia-based company has just projected its best first half-year results in four years. The forecast is believed to be also a result from a cost-cutting programme estimated to AU$2 billion, while […]
Read moreDecember 7, 2014 7:04 am
Balfour Beatty Plc revealed that it rejected a takeover bid from John Laing Infrastructure Fund Ltd for its government-supported projects. The offer was estimated to £1 billion ($1.6 billion). In August the company turned down a takeover offer, which was made by Carillion Plc. The company announced in an official statement, cited by Bloomberg: “The […]
Read moreDecember 6, 2014 2:52 pm
Prada SpA officially reported its results for the third quarter of the current fiscal year, as the decline in its profit over the period was larger than initially expected. According to the companys statement, Pradas net profit over the third three months through October sharply declined from €132.6 million posted in the same period a […]
Read moreDecember 5, 2014 1:33 pm
Dollar Tree Inc announced it has to close a “relatively small” number of stores in order to get its $8.5-million acquisition of Family Dollar Stores approved by the US antitrust regulators. Dollar Tree said it would combine forces with the Federal Trade Commission during the next few weeks in order to find the total of […]
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