January 6, 2017 10:48 am
Sales at retailers in Germany fell at a monthly rate of 1.8% in November, the Federal Statistical Office said earlier on Friday, which was a much steeper drop than what the median forecast by experts had pointed. It has been the sharpest monthly decrease since December 2013. In October, retail sales were reported to have […]
Read moreJanuary 5, 2017 11:00 am
On December 4th the NYSE-listed transportation company Delta Air Lines Inc announced it projected a lesser drop in its passenger unit revenue during the fourth quarter of 2016 compared to what it had previously expected. The second largest US airline in terms of passenger traffic based the new forecast on strong demand for its services […]
Read moreJanuary 5, 2017 8:39 am
In order to observe conflict-of-interest requirements, Rex Tillerson and Exxon Mobil Corporation came to an agreement to cut all ties. Tillerson’s appointment as US secretary of state is still due for confirmation. At the same time, Exxon’s President, Darren Woods, is to assume the role of CEO and chairman this month after Tillerson retires. Exxon […]
Read moreJanuary 4, 2017 10:45 am
Yesterday, in a statement posted on Twitter, US President-elect Donald Trump warned that a “big border tax” might be imposed on General Motors Company in relation with production of its Chevrolet Cruze model in Mexico. In a response, the S&P 500-featured vehicle manufacturer said its Cruze production in Mexico was a part of a strategy […]
Read moreJanuary 4, 2017 8:42 am
Kathy Chen, Twitter’s executive for Greater China, who took the job 8 months ago, sent a tweet during the weekend, stating she had decided to leave the company. A former employee at Microsoft and Cisco, Chen was brought in to popularize Twitter among Chinese advertisers. Although access to the social network has been blocked in […]
Read moreJanuary 3, 2017 10:55 am
According to a Nikkei financial daily report, released on December 29th, Apple Inc is to reduce production of iPhones by approximately 10% during the first three months of 2017. The report reflected calculations based on data from suppliers. Apple shares recorded their largest daily slump since December 1st on Friday last week, while also marking […]
Read moreJanuary 3, 2017 9:00 am
Last Friday a lawsuit was filed in US District Court in the Central District of California against Tesla Motors Inc by a Model X owner, who claimed that his electric SUV suddenly accelerated while parking, which led to a severe accident and, as a result, injured the driver and a passenger. According to the owner […]
Read moreDecember 30, 2016 10:52 am
According to persons familiar with the matter, who preferred to remain anonymous, Johnson & Johnson is currently in negotiations over the acquisition of Actelion Ltd, a Swiss biotechnology company. The potential deal is said to part Actelions commercialized portfolio from its research and development division. Johnson & Johnson shares closed higher on Thursday, rebounding after […]
Read moreDecember 30, 2016 8:39 am
According to the US Justice Department and Securities and Exchange Commission, the NYSE-listed General Cable Corp is expected to pay more than $75 million in fines to settle allegations it had suborned officials in China, Bangladesh and Angola. General Cable shares closed higher on Thursday, rebounding after a 2.27% slump in the previous trading session. […]
Read moreDecember 29, 2016 10:34 am
Thursday marked the third consecutive session of massive losses for the Tokyo-listed electronic manufacturer Toshiba Corp., after it announced earlier this week a potential writedown amounting to several billion dollars in relation with a US nuclear business. The news spurred activity among ratings agencies. On Wednesday Moodys downgraded Toshibas corporate family rating (CFR) and senior […]
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