November 27, 2014 10:02 am
Twitter Inc. announced it will start collecting lists of applications, which its users install on their mobile devices. The step of the social media company comes as part of a strategy to better target users by customizing advertising and content. The company said in a post on its website: “To help build a more personal […]
Read moreNovember 27, 2014 8:35 am
Google Inc. will probably be pushed to change the way it applies the “right to be forgotten” to its websites after the European Union and its privacy regulators demand the right to be forgotten to go global. A few months ago, the U.S.-based company was imposed a decision by the regulatory authorities to provide its […]
Read moreNovember 26, 2014 4:08 pm
Carlyle Group LP, one of the world’s largest private equity groups, has agreed to buy South Africas Tiger Automotive, marking its first investment in the country. The US buyout firm purchased TiAuto, a vehicle parts and tire retailer in Johannesburg, in a consortium with Old Mutuals South African private equity unit from Ethos Private Equity. […]
Read moreNovember 26, 2014 1:45 pm
According to a person with knowledge of the matter, Microsoft Corp. was required to pay more than $150 million by the Chinese government. The U.S.-based company is considered to have been charged in back taxes and interest by the government at a time when China is focusing on what the authorities call a foreign companies […]
Read moreNovember 26, 2014 1:37 pm
Thomas Cook Group Plcs shares plummeted by more than a quarter after the sudden departure of CEO Harriet Green, credited for reviving the British holiday company. Ms. Green, 52, joined the 173-year-old travel company back in 2012, when shares of Thomas Cook were trading for 14 pence and it had a market capitalization of £148 […]
Read moreNovember 26, 2014 10:38 am
Apple Inc reached a market capitalization of more than $700 billion during the morning trading session on Tuesday, double the value compared to 2011 when Tim Cook was appointed as CEO. In August Apple passed the $100 level and pushed further, reaching several consecutive highs thanks to the built up hype around the release of […]
Read moreNovember 26, 2014 10:25 am
According to a regulatory filing posted today, the largest mobile-phone manufacturer in the world – Samsung Electronics Co. – will buy back a total of 1.65 million common and 250 000 preferred shares, which are estimated to KRW2.19 trillion ($2 billion). The regulatory filing comes at a moment when the parent group of the South […]
Read moreNovember 26, 2014 8:38 am
Hewlett-Packard Co. made an official statement that there was a decline in its printing, services and enterprise units during the fourth quarter of the fiscal year. According to Hewlett-Packard, growth was registered only in its personal-systems group in the three months ended on October 31st. The U.S.-based company said that its total sales declined by […]
Read moreNovember 25, 2014 4:07 pm
News Corp, owned by Rupert Murdoch, bought a minority share in the Indian property website PropTiger.com, as the first deal to come in an acquisition-spree in Indias developing e-commerce sector. “We see a big digital opportunity in India, where digital use is booming and demographics are favourable, and this is the first stage of that” […]
Read moreNovember 25, 2014 3:01 pm
Honda made an official announcement that it failed to report more than 1 700 claims of injury or death cases related to its cars to U.S. regulatory authorities. This is considered one of the largest violations in the history, which could result in a fine estimated to $35 million. The Executive Vice President of Honda […]
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