November 25, 2014 2:26 pm
Tencent Holdings Ltd, the Chinese internet gaming and social media group, is teaming up with Time Warners HBO network to distribute its TV series to online viewers in China. However, HBOs TV shows, including Game of Thrones, Boardwalk Empire and True Blood, are known for their provocative content and may attract the attention of China’s […]
Read moreNovember 25, 2014 12:51 pm
Sony Corp released an updated view of its electronics businesses financial targets for the 2018 fiscal year, betting on strong performance of the PlayStation 4. The company projected revenue from its video game segment to range between ¥1.4 trillion and ¥1.6 trillion in the fiscal year ending March 31, 2018, an increase compared to the […]
Read moreNovember 25, 2014 10:43 am
The third-biggest bank in the U.S. – Citigroup Inc. – was imposed a fine of $15 million by the Financial Industry Regulatory Authority as it failed to monitor research analysts and the way they have been operating with material non-public information. The Executive Vice President of Finra’s Office of Fraud Detection and Market Intelligence – […]
Read moreNovember 25, 2014 10:23 am
Tesla Motors Incs CEO Elon Musk told the German weekly magazine Der Spiegel that the electric car manufacturer is negotiating with BMW over a probable co-operation in batteries and lightweight components. In an interview published on Sunday, Mr. Musk said that the two companies have engaged in talks about a potential collaboration in developing battery […]
Read moreNovember 25, 2014 8:31 am
United Technologies Corp. made an official announcement that its Chief Executive Officer, Louis Chenevert, has decided to leave the company. The statement comes at a time when the U.S.-based company is facing difficulties to increase growth in some of its major divisions. The announcement also comes right ahead of the companys investor meeting, which is […]
Read moreNovember 24, 2014 3:53 pm
Petrofac Ltd issued a warning that its earnings will be lower than expected due to project delays, which were a result of declining oil prices. The U.K.-based company warned its investors that the difficult oil price environment is likely to affect its net profit, reducing it to $500 million in 2015. This projection is 25% […]
Read moreNovember 24, 2014 2:44 pm
BT Group Plc announced it is in talks to acquire either O2 or EE in order to expand its services and create a dominant fixed and wireless business. The London-based group said it had seen interest by shareholders in two different UK mobile operators – EE, a joint venture by Orange and Deutsche Telekom, and […]
Read moreNovember 24, 2014 1:29 pm
According to people with knowledge of the situation, Samsung Electronics Co. is considering its first major management restructure. The reorganisation plans are part of the company attempts to bring a new life to its fortunes after it faced difficulties over the year, which seriously affected not only its profitability, but also its stock price and […]
Read moreNovember 24, 2014 1:00 pm
Aviva Plc, Britains second largest insurer by market capitalization, lost nearly 5% of its value after it announced it had reached a preliminary deal to acquire rival Friends Life. Last Friday, after the trading session in London ended, Aviva announced it had reached an agreement of £5.4 billion, or GBX 398.9 a share, in an […]
Read moreNovember 24, 2014 9:08 am
The largest mining company by market value in the world – BHP Billiton Plc shared its intentions to intensify its cost-cutting and productivity strategies to help maintain its dividends at a time of falling iron ore and crude oil prices. The decision comes at a moment when the companys executives look to free up cash […]
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