December 2, 2014 8:57 am
Intel Corp., the biggest chip manufacturer, said in a statement that it bought Canada-based startup PasswordBox Inc to boost its Internet security offerings at a time when customers are becoming more concerned about their personal data in the light of recent breaches. The acquisition took immediate effect. As reported by eWeek, the senior vice president […]
Read moreDecember 2, 2014 8:26 am
The Chief Executive Officer of Tesco Plc, Dave Lewis, is to take control of the domestic business of the company. The U.K.-based retailer has been faced with difficulties, including overstated earnings forecasts. The change in Mr. Lewis responsibilities is scheduled to take effect in January 2015. The company said in a post on its website […]
Read moreDecember 1, 2014 3:18 pm
A coalition of companies warned in a new ad that online retail giants, like Alibaba Group Holding Ltd, will “decimate” local retailers unless Congress passes a bill to prevent online buyers from avoiding sales tax. The ad from a campaign group, including companies like Target, Best Buy, Home Depot and JC Penney, threatened Alibaba and […]
Read moreDecember 1, 2014 2:52 pm
Samsung Group revealed its annual management changes at its divisions today. The group said that its top executives at Samsung Electronics Co. will be left intact at their current positions, as the company has recently been trying to swing back to profit again. Claire Kim, an analyst at Daisin Securities Co., commented on the companys […]
Read moreDecember 1, 2014 1:39 pm
Sony Pictures Entertainment has asked the Federal Bureau of Investigation to look into the illegal upload of several of its movies after they were stolen by hackers. The release of the pirated movies comes after Sonys computer network was compromised last Monday and went down, but not before displaying a red skull and the phrase […]
Read moreDecember 1, 2014 12:19 pm
E.ON SE, Germanys biggest utility by market value, said it would split into two companies, spinning off its fossil fuel and nuclear generation power plants into a new company while turning its attention to renewable energy sources. The new publicly listed company would consist of E.ONs conventional generation, global energy trading, and exploration and production […]
Read moreDecember 1, 2014 10:24 am
Altice SA announced that it has started exclusive negotiations to acquire the Portuguese assets of Oi SA. The price of the deal is estimated to about €7.4 billion ($9.2 billion). The bid of Mr. Patrick Drahis company is considered to fend off a competitive acquisition offer made by Apax Partners LLP and Bain Capital LLC. […]
Read moreDecember 1, 2014 9:13 am
The pilots union said in a written statement that pilots at the largest airline in Europe, Deutsche Lufthansa AG, are expected to go on strike. The walkouts come after the failure of the retirement benefits negotiations and will ground more than 1 000 passenger flights and some cargo transport out of the country on December […]
Read moreNovember 30, 2014 9:58 am
According to a report, one of the official representatives of Samsung Electronics Co. revealed that the company is planning to delay the launch of its Galaxy A lineup in China from November to December 2014. The company is said to be currently facing some headwinds producing its new metal-clad Galaxy A product line. A representative […]
Read moreNovember 29, 2014 11:17 am
Novartis AG announced that an accelerated review by the European authorities has been granted to a new drug for treating heart failure, improving its chances for getting a regulatory approval in Europe within 2015. The Committee for Medicinal Products for Human Use, part of the European Medicines Agency which reviews drugs and makes recommendations related […]
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