October 21, 2014 9:43 am
International Business Machines Corp. reported a decrease in third-quarter sales and net income as the company faces difficulties shifting to cloud technology. On Monday IBM released its results for the three months ended September 30. The company stated a 4% decline in revenue, down to $22.4 billion, while net income fell to $18 million, or […]
Read moreOctober 21, 2014 9:32 am
Apple Inc. reported its results during the quarter that ended on September 27th along with the launch of its new digital payments service called Apple Pay. The U.S.-based company said in its official statement that its revenue for the period increased by 12% and amounted to $42.1 billion. This revenue growth has been the strongest […]
Read moreOctober 21, 2014 8:42 am
Actelion Ltd, the largest biotech company in Europe, made an official statement today that it boosted its full-year earnings projection. The company increased its forecast for a second time, after it reported its third-quarter results, with profit surpassing initial analysts estimates due to the new lung drug sales. According to the statement, the Switzerland-based company […]
Read moreOctober 21, 2014 8:11 am
On Monday Canadian Pacific Railway Ltd. reported it has ended exploratory talks with CSX Corp. regarding a possible merger, eliminating the option of forming a transcontinental railroad and dismissing plans for further discussions. Canadian Pacific didnt give the exact reason why the company has given up on the merger, but strongly hinted that regulatory concerns […]
Read moreOctober 21, 2014 7:22 am
Toyota Motor Corp. withdrew a total of 247 000 vehicles in the U.S. due to a problem with their air bags. This is the latest vehicle withdrawal in a series of recalls, which affected other models. One of the spokesmen of Toyota, John Hanson, did not immediately respond to e-mailed requests for comments, sent after […]
Read moreOctober 20, 2014 2:57 pm
This Monday Apple Inc. launched Apple Pay in the U.S., its new digital payment service, as the phone maker takes on a new market. The iPhone has already taken the place of many devices, including music players, GPS systems, watches, cameras, calendars and many more. Now the tech-giant found another target, the wallet. With the […]
Read moreOctober 20, 2014 2:48 pm
Valeant Pharmaceuticals International Inc. posted third-quarter earnings, which were better than initially expected and also upgraded its full-year earnings projection. Valeant said in its statement that the results during the quarter reflected the “true strength” of its business. The companys Chief Executive Officer, J. Michael Pearson, said in a news release today, cited by the […]
Read moreOctober 20, 2014 2:00 pm
The largest manufacturer of home appliances in Europe, Electrolux AB, made an official statement today, that its earnings rose for a third consecutive quarter due to a cut in expenses and the release of more profitable products on the market. The Chief Executive Officer of the company, Keith McLoughlin, said in a statement, cited by […]
Read moreOctober 20, 2014 12:53 pm
A group of investors including Hong Kong-based Jynwel Capital and funds related to the Abu Dhabi government has made an offer to buy Adidas AGs Reebok unit. Jynwel Capital, owned by Jho Low, and funds connected to the government of Abu Dhabi planned to send a letter to Adidas directors including an offer to purchase […]
Read moreOctober 20, 2014 11:04 am
The second-largest airline on the territory of Europe – Deutsche Lufthansa AG revealed that the series of strikes, which have been the longest in its entire history, will result in cancellations of more than 2 000 flights over the next two days. A spokesman of the pilot union, Joerg Handwerk, said in a telephone interview, […]
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