November 3, 2014 10:19 am
Altice SA revealed in an official statement that it made a binding bid to purchase the Portuguese assets of Portugal Telecom from Oi SA. According to the companys statement, the offers enterprise value amounts to €7.025 billion ($8.8 billion) and is fully financed by new debt and existing cash from Altice. The company said in […]
Read moreNovember 3, 2014 8:43 am
The third-biggest advertising company in the world – Publicis Groupe SA revealed that it reached an agreement to purchase Sapient Corp. at the price of $3.7 billion. The deal is considered part of the France-based companys strategy to expand its reach into digital offers. The transaction was approved by boards of both companies. Mr. Maurice […]
Read moreNovember 1, 2014 11:40 am
Exxon Mobil Corp. reported better-than-expected third-quarter profit due to strong performance in its refining and chemicals businesses. The company stated a 3% increase in net income to $8.07 billion, or $1.89 earnings per share, compared to last years performance of $7.87 billion, or $1.79 per share, and above analysts expectations of $1.71. Exxon reported a […]
Read moreOctober 31, 2014 2:43 pm
International Consolidated Airlines Group SA, owner of British Airways and Iberia, reported strong results in the third quarter, a complete contrast with strike-hit rivals Lufthansa and Air France-KLM. IAGs operating profit before exceptional item stood at €900 in the recent quarter, a 23% increase compared to last year and better than analysts expectation of €879 […]
Read moreOctober 31, 2014 1:11 pm
Sony Corp. reported a smaller loss than expected in the second fiscal quarter as PlayStation 4 sales limited the impact of a writedown of its smartphone business. Japans Sony stated a net loss of ¥136.0 billion, highly due to the ¥180 billion book value reduction of its Xperia unit. Since the company announced the writedown […]
Read moreOctober 31, 2014 10:21 am
Royal Bank of Scotland reported a third-quarter profit above analysts expectations even as it set aside provisions to cover any potential fines related to the ongoing investigation into alleged manipulation of the currency market. The bank reported it has put away a £400 million provision associated with the investigation and another £100 million to compensate […]
Read moreOctober 31, 2014 9:07 am
Citigroup Inc. set aside $600 million in provisions to cover legal expenses related to an ongoing investigation over allegations that the bank manipulated the currency market. The bank said it is in negotiation talks with UK regulators, while cooperating with criminal and antitrust investigations by the Justice Department. Citigroup is one of the six banks […]
Read moreOctober 31, 2014 7:54 am
Time Warner Cable Inc lost more TV customers than analysts had expected in the third quarter as more users signed up for online streaming services while the company awaits approval to merge with Comcast Corp. Time Warner, the second largest U.S cable TV operator, reported a decrease of 184 000 net customers during Q3, an […]
Read moreOctober 30, 2014 2:59 pm
Lenovo Group said on Thursday it has closed the acquisition deal with Google Inc., as the worlds largest personal-computer maker tries to boost global sales, which were surpassed by rival Xiaomi Corp. Lenovo, which first announced its interest in Motorola in January, plans pull the company above water within the first four to six quarters […]
Read moreOctober 30, 2014 2:02 pm
Barclays PLC has set aside £500 million to cover costs associated with the ongoing investigations into manipulating the foreign exchange market as the company reported an increase in its third quarter profits. Barclays is one of the six banks in negotiations with UK regulators over the accusations of manipulation of the currency market. The banks […]
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