September 19, 2014 1:45 pm
Alibaba Group Holding, the leading online retailer in the world, begins its stock-trading history today, with the launch of its Initial Public Offering on the New York Stock Exchange. Market officials expect the stock to become available to the public withing a few hours of opening, as the massive amount of orders need time to […]
Read moreSeptember 19, 2014 12:51 pm
GlaxoSmithKline Plc was imposed a fine of £297 million ($489 million) and a top executive received a suspended sentence, for bribing doctors in China, ending a 15-month investigation. “Reaching a conclusion in the investigation of our Chinese business is important, but this has been a deeply disappointing matter for GSK,” Chief Executive Officer Andrew Witty […]
Read moreSeptember 19, 2014 10:19 am
Vivendi SA shared in an official statement today that it agreed to sell its Brazilian broadband division GVT to Telefonica SA in a €7.24-billion ($9.3-billion) deal. The acquisition is made up of both cash and stakes in two other telecoms companies. The acquisition was approved by Vivendis board, but it is still subject to approval […]
Read moreSeptember 19, 2014 9:04 am
German business-management software giant SAP SE said it reached an agreement over the acquisition of Concur Technologies Inc. in a push to boost its cloud-computing operations. “The acquisition of Concur is consistent with our relentless focus on the business network,” said Bill McDermott, SAP chief executive, in the companys statement. “We are making a bold […]
Read moreSeptember 19, 2014 7:28 am
Home Depot Inc. revealed in an official statement that about 56 million credit and debit cards were subject to data breach in the period from April to September 2014. The hacker attack exceeded the scale of the one against Target Corp. in 2013. The companys Chairman and Chief Executive Officer Mr. Frank Blake apologized for […]
Read moreSeptember 18, 2014 1:43 pm
Toshiba Corp. revealed in an official statement today that it plans to speed up the restructuring of its PC business in order to become more concentrated on the business-to-business field. The Japan-based company also shared that it plans to leave certain consumer markets. “The PC market is expected to see a continuing trend to modest […]
Read moreSeptember 18, 2014 1:02 pm
The biggest car manufacturer in South Korea – Hyundai Motor Co. managed to beat a bid by fellow South Korean company Samsung Electronics Co. for a real estate located in Seouls Gangnam district. At KRW10.6 trillion ($10 billion), Hyundais bid is three times bigger than the assessed value of the property. Shares closed more than […]
Read moreSeptember 18, 2014 12:10 pm
Sony Corp. lost ¥192.4 billion ($1.8 billion) of its market value after the company projected yesterday a larger full-year net loss than initially expected. In addition, Sony said that it wont pay dividend this year for the first time since its listing in 1958. Sony shares experienced their largest drop since November 2013 following yesterdays […]
Read moreSeptember 18, 2014 9:32 am
Bayer AG revealed in an official statement today that it intends to divest its plastics division. The long-awaited step will quicken the German companys retreat from the chemicals industry in order to narrow its focus on the more attractive life sciences operations. “In this way Bayer would position itself as a world-leading company in the […]
Read moreSeptember 18, 2014 8:08 am
Chinese e-commerce giant Alibaba Group Holding Ltd is expected to sell about $22 billion in shares on Thursday putting an end to speculations and sky-high interest from investors all over the world. The company will finally carry out its Initial Public Offering, which may become the largest one on record. According to what the company […]
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