October 14, 2014 8:30 am
The leasing unit of General Electric Co., said in a statement that it reached an agreement over the acquisition of the biggest helicopter leasing company in the world, Milestone Aviation Group, in a deal estimated to $1.78 billion. GE Capital Aviation Services revealed that under the terms of the deal 168 helicopters, which are worth […]
Read moreOctober 14, 2014 8:09 am
J.C. Penney Co Inc named on Monday Marvin Ellison as its next CEO after an 18-month search, in an attempt to turn the companys losing course around. Mr. Ellison, currently CEO of Home Depot Inc, will join the company in November as a board member and later, in August will take over as CEO, succeeding […]
Read moreOctober 14, 2014 6:35 am
Iliad SA said in an official statement that it dismissed plans to purchase a majority stake in T-Mobile U.S. Inc. after a larger acquisition offer was turned down by its parent Deutsche Telekom AG. After the previous acquisition offer of Iliad was turned down, it shared in a statement that the bid had been based […]
Read moreOctober 13, 2014 3:02 pm
Amazon.com Inc will add 1 000 permanent jobs in the UK, invest in India, and build its first brick-and-mortar outlet in New York. The Internet retailer reported that it will open 1 000 permanent jobs in the UK. The company already has 6 000 workers across its eight distribution hubs, mainly based in small towns, […]
Read moreOctober 13, 2014 2:39 pm
Fiat Chrysler Automobiles NV started trading on the New York Stock Exchange on Monday after the two companies completed their merger in an attempt to expand their reach and consolidate positions on the market. The stock of the new company is to be traded under the symbol FCAU and will be moved from the Milan […]
Read moreOctober 13, 2014 1:40 pm
The discount chain of Sears Holdings corp., Kmart, announced that its customers will be provided with free credit monitoring at a time when the chain is investigating a hacker attack, which was detected last week. The President of Kmart – Mr. Alasdair James – said in the statement, cited by BBC: “I sincerely apologise for […]
Read moreOctober 13, 2014 1:36 pm
Gulfstream Aerospace Corp, a subsidiary of General Dynamics Corp, is expected to unveil a new business jet, as it has called media and analysts to its announcement on Tuesday. The invitations were non-descriptive but several people familiar with the matter had confirmed that it will involve a new plane. Gulfstream has a history of keeping […]
Read moreOctober 13, 2014 11:55 am
Thorntons Plc reported an 11.9% decline in first-quarter sales due to fluctuating timing of commercial orders and lower consumer sentiment, sending the companys shares falling to the lowest in more than a year. On Monday, the British chocolate maker said in a statement that its UK commercial sales had dropped 16.4% for the quarter ended […]
Read moreOctober 13, 2014 11:49 am
The largest smartphone manufacturer in the world – Samsung Electronics Co. Ltd said in an e-mailed statement, that it has developed a faster Wi-Fi technology. According to this statement, the new technology is able to boost the speed of data transmission by five times the maximum rate possible. The launch of the new technology on […]
Read moreOctober 13, 2014 10:11 am
Last week Canadian Pacific Railway Ltd approached CSX Corp with a merger proposal to create a transcontinental carrier. People familiar with the matter said that the offer was quickly rejected and it is not clear whether Canadian Pacific will return with an improved bid. Combined, the two companies would be worth more that $60 billion. […]
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