October 13, 2014 9:54 am
The largest energy company in Norway – Statoil ASA announced in an official statement that it intends to dispose of its 15.5% stake in the Shah Deniz field in Azerbaijan. The company, whose production from the field in question over the second fiscal quarter amounted to 38 000 barrels of oil on a daily basis, […]
Read moreOctober 13, 2014 8:31 am
The social media giant launched a new initiative in co-operation with one of Frances largest banks to let its customers make money transfers via tweets. Twitter is the next tech company to strike a deal with a bank regarding new payment methods online. Groupe BPCE, Frances second-largest bank, said last month that it was ready […]
Read moreOctober 13, 2014 7:54 am
The biggest eyewear manufacturer in the world – Luxottica Group SpA is to part with another Chief Executive Officer, as Mr. Enrico Cavatorta has decided to leave the company. The news hints that the imbalance at the manager level of Luxottica, which is considered to have started in September, is still troubling the eyewear maker. […]
Read moreOctober 12, 2014 9:44 am
Novartis AG shared in an official statement that it managed to strike a deal to acquire a stake in Oxford BioMedica Plc, allowing the Swiss drug manufacturer to work with the U.K.-based gene therapy specialist on a new cancer treatment. The Chief Executive Officer of British Oxford BioMedica – Mr. John Dawson shared that the […]
Read moreOctober 11, 2014 9:02 am
Infosys Ltd rallied to a record in Mumbai on Friday after the company, the second-biggest software services provider in India, revealed in a statement that it intends to issue stock as dividend to shareholders and that its second-quarter profit surpassed analysts forecasts. According to the India-based companys statement, the board of Infosys recommended shareholders to […]
Read moreOctober 10, 2014 12:51 pm
Volkswagen AG said in a statement that its sales in September rose by 3% from a year earlier and that it could surpass the 10-million mark of vehicles sold this year. Christian Klingler, member of VWs management board, commented on the companys performance for the Wall Street Journal: “Even though markets remain challenging, we nevertheless […]
Read moreOctober 10, 2014 12:23 pm
BMW reported a smaller sale rate increase of its luxury cars in September compared to earlier this year, but remains global market leader in the segment for a 10th straight year. The owner of BMW, MINI and Rolls-Royce car brands said it experienced a slowdown in sales in its luxury car division. Nevertheless, BMW reported […]
Read moreOctober 10, 2014 9:54 am
Family Dollar Stores Inc reported a fall in fourth-quarter earnings as the takeover battle between two competitors continue. Net income of the company fell by 66% in the three-month period ended August 30th. The discount retailer reported a profit of $34.5 million, or 30 cents a share, compared to $102.2 million, or 88 cents per […]
Read moreOctober 10, 2014 9:17 am
Endo International Plc agreed to purchase Auxilium Pharmaceuticals Inc. in a $2.6-billion cash-and-stock deal, gaining access to testosterone treatments. Auxilium shareholders will be provided with the opportunity to choose between cash, stock or a combination of both. The takeover still needs the approval of Auxiliums investors, but the transaction is expected to be finalized within […]
Read moreOctober 10, 2014 8:46 am
Symantec Corp. may soon follow the example of companies such as Hewlett-Packard and eBay which announced reorganization split-ups in order to make their business more competitive. According to people familiar with the situation, Symantec is considering to divide its businesses into two separate entities. The people, who asked not to be identified, because the companys […]
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