November 19, 2014 2:28 pm
Royal Mail Plc reported a decreased first-half profit and alerted that Amazon.coms move to create its own delivery network will reduce the parcel market for other carriers. The British postal service hoped its parcel division will drive future growth, however parcel revenues slid 1%, despite the 2% increase in volumes in the six months ended […]
Read moreNovember 19, 2014 2:25 pm
Maersk Line, the largest operating unit of AP Moeller Maersk A/S, introduced a plan to cut unprofitable long-term contracts and increase its shipping rate. “We need to be more disciplined in pushing the general rate increase to make sure it is sustainable” said Silvia Ding, head of South China operations. She also mentioned that the […]
Read moreNovember 19, 2014 2:22 pm
Areva SAs shares plunged to levels untouched in nearly 16 years after the French nuclear group abandoned its financial targets for the next two years. The company, 87% owned by the French state, dropped its financial targets for 2015 and 2016, blaming delays of its Finnish Olkiluoto 3 nuclear project, the later than expected restart […]
Read moreNovember 19, 2014 2:21 pm
The second-biggest wireless carrier in the U.S., AT&T Inc., made an official statement that it is to reduce its shared 15-gigabyte data plan, fixing the cost to $100 per month. This is the second price reduction in a period of two months. AT&T is preparing for the holiday season, which usually is the time of […]
Read moreNovember 19, 2014 12:52 pm
Royal Dutch Shell Plc won a $1.4-billion tax dispute against the Indian authorities after the Bombay High Court ruled in favour of the companys unit located in the country. The Indian division of the London-based company was accused of transferring under-pricing shares to its patent firm at the amount of $2.5bn (£1.6bn) in February 2013. […]
Read moreNovember 19, 2014 10:50 am
Netflix Inc. made an official statement that it is to launch the biggest subscription-streaming service in the world to Australia and New Zealand in March 2015. The company is following a strategy of expansion and bets on its growth in Europe this year. As reported by Bloomberg, the Chief Executive Officer of the company, David […]
Read moreNovember 19, 2014 9:39 am
Samsung Heavy Industries called off a merger with Samsung Engineering that would have helped them compete better against European rivals. The worlds third-largest ship builder scrapped a merger with Samsungs engineering unit, due to requests of share buybacks from investors. Under South Korean regulations, a merger could be canceled by a company should the requested […]
Read moreNovember 19, 2014 8:47 am
International Business Machines Corp. revealed its new service called IBM Verse, which comes as a rival of the companies in the e-mail market, including Google Inc. The new product of the U.S.-based IBM is to be offered to end clients, a quite unusual approach for the company since the sale of its personal-computer unit almost […]
Read moreNovember 19, 2014 8:15 am
French financial prosecutors opened a preliminary probe into suspected insider trading at BNP Paribas SA. This would be a second hit for Frances biggest bank by market capitalization, which earlier this year was fined $8.9 billion for US trade sanctions violations. The investigation was launched by the “le parquet national financier” led by Eliane Houlette. […]
Read moreNovember 18, 2014 4:08 pm
Actavis PLC projected optimistic earnings per share growth as the drugmaker reached the worlds top 10 pharmaceutical companies by market value after a series of deals. With the $66 billion, or $219 per share, purchase of Botox maker Allergan, Actavis achieved a combined market value of $120 billion, up from less than $5 billion at […]
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