December 5, 2014 12:38 pm
Starbucks Corp. said today that it is opening a store located in Seattle. The store combines a café and a coffee bean roastery and its opening is considered a part of the U.S.-based companys strategy to increase its premium coffee lines production. The Chief Operating Officer of the company, Troy Alstead, said in an interview, […]
Read moreDecember 5, 2014 10:06 am
Mulberry Group Plc officially reported a loss during the first half of the fiscal year. Still, the U.K.-based company revealed that its strategy to restore growth is beginning to bear fruit. The dis-satisfactory results of the luxury leather-goods maker came as a result of the difficult conditions at the luxury-goods market, as well as of […]
Read moreDecember 5, 2014 9:47 am
Microsoft Corp. revealed that it is to sell back its stake in the Nook electronic-reader unit of Barnes & Noble Inc. for about $180 million less than the price it had initially paid. The business has been faced with difficulties lately, while the Chief Executive Officer, Satya Nadella, has been primarily seeking more profitable projects. […]
Read moreDecember 5, 2014 7:19 am
Ryanair Holdings, Europes biggest bugged airline, increased its profit expectations again after it reported a 22% jump in passenger numbers. This is the second time the company raises its forecast within a month and the fourth for the year, highly contrasting last year, when Ryanair issued two profit warnings. Since last year when CEO Michael […]
Read moreDecember 4, 2014 2:56 pm
Sony Entertainment Pictures was hacked last month by a group called Guardians of Peace, who brought down the computer network of the PS-maker, illegally released five movie titles and made public sensitive personnel data. Sony criticized the cyber attack, and are now working with the FBI and FireEye, a network security company, to uncover the […]
Read moreDecember 4, 2014 1:22 pm
The largest drug maker in the U.K. – GlaxoSmithKline Plc – announced its intentions to eliminate 900 jobs in North Carolina. The move comes as part of the companys plan to cut expenses by a total of £1 billion ($1.57-billion) over three years. A spokesman of the company wrote in an e-mailed statement, which was […]
Read moreDecember 4, 2014 12:57 pm
Best Buy announced the sale of its troubled Chinese unit to a local real estate company as the retailer shifts focus to its core operations within the domestic US market. Best Buy is selling Jiangsu Five Star Appliance to Chinese Zhejiang Jiayuan Real Estate Group as the retailer retreats from the Chinese market due to […]
Read moreDecember 4, 2014 10:44 am
Sky Plc, Britains biggest pay-TV group, announced it has agreed to sell a controlling stake in its online gaming and betting unit to CVC Capital Partners as the company shifts focus to its television division in order to compete better against rival BT. Sky, which also has operations in Italy, Ireland, Australia and Germany, said […]
Read moreDecember 4, 2014 10:01 am
SoftBank Corp. revealed in a statement that it made a $250-million investment in GrabTaxi Holdings Pte at a time when the cab-booking service is trying to overcome the competition of Uber Technologies Inc. in Southeast Asia. According to an interview with Anthony Tan in Bangkok, SoftBank will become the biggest shareholder in GrabTaxi. Mr. Tan […]
Read moreDecember 4, 2014 8:40 am
Honda Motor Co.s Executive Vice President for North America – Rick Schostek revealed that the company will expand its US campaign of driver-side air bag withdrawals manufactured by its supplier Takata Corp. The recalls will be expanded in all 50 states of the country, after the auto maker was put under significant pressure by federal […]
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