November 20, 2014 2:41 pm
ThyssenKrupp AG promised to resume dividend payments as the company ended a three-year period of multi-billion losses, boosted by a strong growth in its capital goods unit. The German steel and elevator group stated net profit of €195 million for the fiscal year ended September 30, versus a loss of €1.6 billion a year earlier. […]
Read moreNovember 20, 2014 2:29 pm
Shire Plc revealed that it intends to transfer more than 500 jobs from Chesterbrook, Pennsylvania, location to Lexington, Massachusetts, where its U.S. operational headquarters are planned to be established. The move is considered an attempt by the company to save expenses by combining the location of its worldwide research and development and commercial operations. As […]
Read moreNovember 20, 2014 1:20 pm
Target Corp reported quarterly profit that surpassed expectations, including its first increase in U.S. same-store sales in four quarters. The retailer reported a 2.8% gain in revenue to $17.73 billion for the quarter ended November 1, compared with revenue of $17.25 billion in the same period a year ago. Net income for the quarter stood […]
Read moreNovember 20, 2014 11:08 am
Vodafone Group PLCs CEO Vittorio Colao said that offering bundled television and broadband services may lead to declines in profit, as rivals use the same strategy to cut prices. Mr. Colao also mentioned than Vodafone may be forced to bid for TV rights just to keep up with the competition. British BT Group had started […]
Read moreNovember 20, 2014 9:47 am
Goldman Sachs Group Inc fired two employees, after one of them allegedly accessed confidential information from the Federal Reserve Bank of New York. Goldman reported that in September it had fired Rohit Bansal, a junior employee, and then laid off his supervisor Joe Jiampietro, a senior banker in the financial institution. Goldman executives wrote that […]
Read moreNovember 20, 2014 9:24 am
Yahoo! Inc. managed to strike a five-year contract with Mozilla Corp., which would make it the default search engine on the Firefox browser in the U.S. This puts an end to the unprofitable partnership with Google Inc. The Chief Executive Officer of the company, Marissa Mayer, revealed in a statement, cited by Bloomberg: “At Yahoo, […]
Read moreNovember 20, 2014 8:23 am
Apple Inc will start distributing its iOS operating system-based devices with subscription to the music service it acquired from Beats, challenging the market leader in music streaming Spotify. According to people with knowledge of the matter, the implementation of the Beats service may start in March next year. Apple bought the headphone manufacturer earlier this […]
Read moreNovember 20, 2014 8:04 am
The largest mobile-phone chips manufacturer, Qualcomm Inc., said it intended to set foot at the lucrative server chips market and enter a fierce competition with Intel Corp. The company is to provide big data centres operators with server processors, which are based on a technology of ARM Holdings Plc that is widely used in mobile […]
Read moreNovember 19, 2014 4:02 pm
Alibaba Group Holding and Tencent Holding push further into entertainment as their top executives increased their stakes in a Chinese television and film production company. Huayi Brothers Media Corp introduced a plan to strengthen its relationship with Alibaba and Tencent by jointly producing movies in the future and said it will start distributing films through […]
Read moreNovember 19, 2014 3:45 pm
The biggest office-supply chain in the world, Staples Inc., revealed in a filing today that it is not able to “reasonably” estimate the potential losses and expenses it will probably be affected by. The company has recently been faced with difficulties, because of a possible credit-card data breach, which Staples disclosed in October. According to […]
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