November 13, 2014 1:32 pm
Ericsson, the world’s biggest maker of wireless networks, announced a plan to cut costs, including the reduction of workforce, as the telecom-equipment supplier aims for around 9 billion Swedish kronor in savings. Stockholm-based Ericsson said the plan is expected to take full effect in 2017. Under the strategy the company will streamline its product portfolio […]
Read moreNovember 13, 2014 12:26 pm
The second-largest brewer in the world, SABMiller Plc, revealed in a statement today that the trading conditions are expected to remain challenging. The company reported an increase in its first-half profit that failed to reach analysts forecasts due to customer demand decline in China and Australia. The Chief Executive Officer of the company, Alan Clark, […]
Read moreNovember 13, 2014 10:33 am
Google Incs YouTube unveiled its long-awaited monthly subscription service called YouTube Music Key. The company announced that its new service is expected to launch in the upcoming weeks. The subscription will start at $7.99 per month and features add-free service with the ability to watch offline videos and listen to music while the phone is […]
Read moreNovember 13, 2014 10:07 am
Today, at Twitter Inc.s first analyst day, the Chief Executive Officer of the company Dick Costolo revealed that 500 million people visit the companys website on a monthly basis without logging in. Mr. Costolo explained that the microblogging service of the U.S.-based company is accessible not only to its subscribers, but also to a large […]
Read moreNovember 13, 2014 9:06 am
E.ON SE reported decreased net income for the first nine months due to lower power prices and weaker Russian ruble. Germanys biggest utility by market capitalization reported underlying net profit of €1.435 billion, a 25% decrease compared with the €1.901 billion a year earlier. Lower power prices in Germany and across Europe crippled E.ONs performance. […]
Read moreNovember 13, 2014 8:53 am
Cisco Systems Inc. reported on first-quarter results and provided its second-quarter projection, which fell short of analysts outlooks. According to Ciscos statement, its profit for the three months ended October 25th declined by 8.4% at a time of weakness in emerging markets which offset a revival in some of the companys flagship networking products. The […]
Read moreNovember 12, 2014 2:39 pm
Yahoo! Inc agreed to acquire the automated advertising service BrightRoll, boosting its presence in the video-ad real-time market. The internet portal announced it would pay around $640 million to purchase the start-up company. This would be the second-largest acquisition since Marissa Mayer became CEO two years ago. The deal would bolster Yahoo!s advertising power and potentially help […]
Read moreNovember 12, 2014 11:23 am
Daimler AG said it would release new high-end versions of its Mercedes-Benz S-Class, including a sports utility vehicle and a luxury limousine carrying the Maybach emblem. Daimler AG said that the Maybach logo will be brought back to life as a sub-brand of Mercedes. The limousine is expected to challenge BWMs ultra-luxury Rolls-Royce brand and […]
Read moreNovember 12, 2014 10:36 am
BMW Group AG reported increased deliveries of its BMW, Mini and Rolls-Royce vehicles due to strong Chinese sales. The German car manufacturer reported a revenue jump of slightly over 11% in October to 184 297 shipments, boosted by a 20% rise in Chinese sales and the introduction of a new Mini model. Interest in the […]
Read moreNovember 12, 2014 8:56 am
The operator of the worlds largest container line – AP Moeller Maersk A/S – reported on Tuesday that its third-quarter profit rose due to reduced expenses and increased box volumes. However, lower earnings in the companys oil unit and a downward revised global shipping demand growth this year weighed on shares. According to the companys […]
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