November 18, 2014 1:44 pm
Nokia revealed a tablet that operates under the Android software of Google Inc. at the Slush technology conference in Helsinki today. The Head of products division at Nokia, Sebastian Nystrom, said that the device runs Nokias software on top of the Android operating system. Mr. Nystrom said in an interview, cited by Bloomberg: “We wanted […]
Read moreNovember 18, 2014 12:42 pm
Toyota Motor Corp said that the Mirai, or “future” in Japanese, will be released on the market on December 15 in Japan, with launches in the U.S. and Europe due next summer and September, respectively. In the U.S. the fuel-cell technology car will be purchased for $57 500, in Europe the vehicle will be priced […]
Read moreNovember 18, 2014 10:40 am
EasyJet Plc reported an increased full-year pre-tax profit as Europes second largest budget airline benefited from strikes at rival carriers. The British company stated a 21.5% increase in pre-tax profit for the year ended September 30 to £581 million, slightly above the companys projection of £580 million. Revenue for the period increased 6.3% to £4.53 […]
Read moreNovember 18, 2014 10:35 am
AstraZeneca Plc made an official statement today that it expects its drugs pipeline to generate stable and consistent revenue growth. The U.K.-based pharmaceutical company also stated that its annual revenues are to exceed $45 billion by 2023. The companys Chief Executive Officer, Pascal Soriot, said in a statement, cited by Reuters: “We have more than […]
Read moreNovember 18, 2014 9:51 am
According to people with knowledge of the matter, Blackstone Group LP has managed to reach an agreement to sell a Manhattan office tower to Ivanhoe Cambridge Inc. at the price of $2.25 billion. The people close to the process, who asked not to be identified, because the deal is still not officially announced, reported that […]
Read moreNovember 18, 2014 9:30 am
SunEdison Inc announced it will purchase privately-owned FirstWind, expanding its portfolio types of renewable-energy and turning into the world’s largest developer of wind and solar power. SunEdison said it will share the acquisition with its 64% owned TerraForm Power unit. The parent company will spend $1 billion for obtaining a portfolio of wind power development […]
Read moreNovember 18, 2014 8:21 am
Samsung Electronics Co. revealed that it is to cut the number of smartphone models in its portfolio in 2015. The companys decision is part of its strategy to reduce expenses in order to cope with contracting profit. The South-Korea-based company did not officially reveal the exact number of models, which would be affected by the […]
Read moreNovember 18, 2014 8:08 am
Honda Motor Co Ltd postponed the launch of its hydrogen fuel-cell car as it deals with increased number of safety recalls. Honda announced it will release its first fuel-cell car on the Japanese market by the end of March 2016. The technology uses hydrogen to power up the car and emits only vapor and heat. […]
Read moreNovember 17, 2014 4:03 pm
Majestic Wine, the British wine warehouse chain, stated a decline in profit for the first half, due to increased competition and higher investment costs. Pre-tax profit fell 10% to £8.5 million compared to last years result. The company explained that the “previously announced investments” to upgrade its distribution network, website and customer database hurt performance, […]
Read moreNovember 17, 2014 3:45 pm
The second-largest oilfield services provider in the world, Halliburton Co., reached an agreement to acquire Baker Hughes Inc., which is currently ranked third. The company is trying to take advantage of declining crude prices in order to organize the largest takeover deal in the U.S. energy sector since 2011. The Chief Executive Officer of Halliburton, […]
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