October 16, 2014 8:51 am
eBay Inc. announced its sales forecast for the fourth quarter of the fiscal year, which missed initial analysts projections. The lower forecast comes as a result of the fact that the U.S.-based company is still recovering after it was hurt by a security breach, which affected customer growth. The company made an official statement, revealing […]
Read moreOctober 16, 2014 8:13 am
Wal-Mart Stores Inc. cut its projection for full-year sales on Wednesday, citing a stronger dollar and the impact of food stamp reductions, and said its future profits will grow slower, as it is shifting attention to its online business. The revision caused a lot of attention from analysts and investors as they pointed out how the […]
Read moreOctober 16, 2014 7:42 am
Netflix Inc. said in a report that its subscriber growth over the third financial quarter failed to reach the initial companys projection due to the fact that new contracts for its video-streaming service were affected by a recent price increase. The Chief Executive Officer of the company, Reed Hastings, and Chief Financial Officer, David Wells, […]
Read moreOctober 15, 2014 3:01 pm
Qualcomm Inc. agreed to buy the UK bluetooth specialist CSR, as the U.S. wireless-technology group aims to expand into the fast growing Internet-of-Things industry. Qualcomm reported that CSRs board has accepted a cash offer of 900 pence a share, a premium of 37% compared to Tuesdays close. People familiar with the matter suggested that Qualcomm […]
Read moreOctober 15, 2014 2:38 pm
Hewlett-Packard Co. revealed in an official statement today that it will resume its share buyback program. This decision of the company eliminated speculations that HP is still considering the takeover of EMC Corp. According to the statement by Hewlett-Packard, its share repurchase program had been stopped due to the possession of “material non-public information”. The […]
Read moreOctober 15, 2014 2:01 pm
Toyota Motor Corp. said it would recall more than a million vehicles globally to address three separate defects, two months after being placed under more strict supervision in the U.S. The car manufacturer said a total of 1.75 million cars will be recalled. Around 1.05 million vehicles will be pulled back from Japan and 750 […]
Read moreOctober 15, 2014 1:46 pm
BG Group Plc, the third-largest oil and gas producer in the U.K., announced that Helge Lund was appointed at the position of Chief Executive Officer. The former CEO of the company, Mr. Chris Finlayson, left BG Group in April 2014, after spending only 16 months as head of the U.K. oil and gas producer. Chairman […]
Read moreOctober 15, 2014 12:25 pm
On Wednesday, Danone SA reported better-then-expected Q3 revenue, boosted by improving infant food sales in Asia, while it is still trying to recover from a large product recall in the region. The French yogurt maker said that total Q3 sales rose to €5.42 billion from €5.26 billion, up 3% from a year earlier. On an […]
Read moreOctober 15, 2014 10:07 am
The largest health-care manufacturer in the world – Johnson & Johnson made an official statement that its net income increased over the third quarter of the fiscal year. The company also boosted its annual earnings projection thanks to its new hepatitis C drug called Olysio. Mr. Caruso, the Chief Executive Officer of the company, said […]
Read moreOctober 15, 2014 9:34 am
SoftBank Corp. has agreed to buy DramaFever, an online video streaming service that provides mostly Korean and Spanish television shows and movies. Tokyo-based SoftBank continues its buying spree of digital content in order to supply the networks it owns, like the U.S. Sprint Corp., which it purchased last year. So far the company has invested […]
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