November 14, 2014 12:43 pm
Nokia reported that it upgraded its long-term profitability target. The step is considered as an evidence that the strategy of Nokias Chief Executive Officer, Rajeev Suri, to concentrate on wireless-network equipment is paying off. The CEO Suri said in a statement, cited by the Financial Times: “The rapidly evolving world of technology provides the context […]
Read moreNovember 14, 2014 11:31 am
Twitter Inc has received junk rating for its bonds from Standard & Poors as the company faces investor pressure due to slowing user growth and management turnover. The company and its $1.8 billion in convertible notes were rated BB-, three levels below investment grade, by the credit rating agency. S&P also said Twitters financial risk […]
Read moreNovember 14, 2014 10:27 am
People with knowledge of the process reported that Halliburton Co. is currently in negotiations to acquire Baker Hughes Inc. The transaction is expected to combine two of the biggest companies in the energy business at a time when the entire industry has been suffering from declining oil prices. The Vice President of the industry consultant […]
Read moreNovember 14, 2014 9:57 am
Airbus Group reported strong performance for the first nine months, but said full-year results could be affected by additional costs related to its A400M military airlifter program. For the recent quarter, Toulouse, France-based Airbus stated net income of €264 million, down 41% from a year earlier, when they stood at €445 million. The company sold […]
Read moreNovember 14, 2014 8:57 am
The biggest online retailer in the world, Amazon.com Inc., managed to resolve its misunderstandings with Hachette Book Group over the traditional and digital books sale through a multiyear agreement at the home market of the e-commerce company. The deal is to take effect in early 2015. Sarah Kahn, an analyst at IBISWorld, commented on the […]
Read moreNovember 14, 2014 8:44 am
Viacom Inc. reported better-than-expected results for the quarter ended September, boosted by the “Transformers: Age of Extinction” and “Teenage Mutant Ninja Turtles” movies. Viacom, owner of the Paramount movie studio and cable network MTV and Comedy Central, stated a 9% increase in revenue to $3.99 billion, compared to last years result of $3.65 billion. Analysts […]
Read moreNovember 14, 2014 8:43 am
The biggest retailer in the world, Wal-Mart Stores Inc., reported its earnings over the third fiscal quarter, which came above analysts projections, due to the fact that the companys same-store sales on its domestic market increased for the first time in almost two financial years. The Chief Executive officer of the company, Doug McMillon, said […]
Read moreNovember 13, 2014 3:44 pm
Sony Corp unveiled its latest project, the PlayStation Vue, a service which provides access to live TV and on-demand content without being connected through a cable or satellite. The company said the video streaming service will be released for beta testing later this month in the New York area. Initially PlayStation Vue will offer around […]
Read moreNovember 13, 2014 3:30 pm
Air Berlin PLC stated lower revenue for the third quarter and said net loss could be bigger than previously expected because of costs related to the plan to return the company to profit. Net loss could exceed €350 million, projected Germanys second biggest carrier, as it reported a 2.5% decline in revenue to €1.31 billion […]
Read moreNovember 13, 2014 1:45 pm
UnitedHealth Group Inc., the biggest health insurer in the U.S., announced an executive reorganization. The company revealed in an official statement that its Chief Financial Officer, David Wichmann, is to become President with an immediate effect. The Chief Executive Officer Stephen Hemsley said in the statement, cited by Bloomberg: “We are bringing forward the next […]
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