September 18, 2014 6:58 am
Amazon.com Inc. unveiled five new Kindle models aimed at different customers – from children to office employees, in a push to attract more users. The expanding Kindle line-up reflects the efforts of the companys Chief Executive Officer Mr. Jeff Bezos to develop new devices in order to lure media-consuming users. Amazon, which is primarily focused […]
Read moreSeptember 17, 2014 3:02 pm
FedEx Corp. said that Q1 earnings rose by 24% as it managed to finalize a record buyback program, registered growth in deliveries across segments and lowered pension expense. “All three of our transportation segments drove higher revenues and improved profitability year over year,” Chief Financial Officer Alan Graf said in the statement, which was cited […]
Read moreSeptember 17, 2014 1:52 pm
Dollar General Corp, the largest discount retailer in the US, last week turned directly to Family Dollar shareholders with an acquisition bid. Now the board of Family Dollar issued a recommendation against the proposed deal, advising shareholders to reject Dollar Generals offer. The move follows a heated exchange of offers, rejections and counter-offers, with the […]
Read moreSeptember 17, 2014 1:48 pm
Sky Deutschland AG said that it advised its shareholders to reject a takeover bid by British Sky Broadcasting Group Plc. The company described the price of the eventual acquisition, which has been accepted by its controlling investor 21st Century Fox Inc., as too low. As reported by the Wall Street Journal, Sky Deutschland said the […]
Read moreSeptember 17, 2014 12:27 pm
The biggest clothing retailer in Europe – Industria de Diseno Textil SA (Inditex) announced in an official statement today that its first-half profit fell less than analysts expected, while sales rose more than projected. According to the companys statement, Inditex net income over the first half that ended July declined from €951 million over the […]
Read moreSeptember 17, 2014 11:31 am
Sony Corp. made an official statement today and warned it would report a larger than initially expected full-year loss because it was writing down the value of its underperforming smartphone business. The companys decision was commented for Bloomberg by Masahiko Ishino, an analyst at Advanced Research Japan Co.: “Sony should have done it earlier. A […]
Read moreSeptember 17, 2014 11:05 am
Moscow SE has temporarily suspended trading with shares of Sistema, the largest publicly-traded diversified holding company in Russia, after the stock plunged on news of the arrest of Vladimir Evtushenkov, who owns 64.2% of Sistema and is chairman of its board. Mr Evtushenkov was accused of money laundering related to Sistemas acquisition of Bashnesft, an […]
Read moreSeptember 17, 2014 8:40 am
Boeing Co. was awarded a contract valued at about $4.2 billion by NASA. The company will split federal funding of as much as $6.8 billion with its competitor Space Exploration Technologies Corp. in order to help the U.S. resume manned missions and cut its reliance on Russian rockets. As reported by the Financial Times, NASA […]
Read moreSeptember 17, 2014 7:30 am
The Chief Strategy Officer of AT&T Inc. – Mr. John Stankey said that the carrier saw a lot of near-term and long-term options for AT&T in Latin America and is poised for acquisitions in Mexico. “In particular, Mexico, if you step back and think about Mexico, is the place that is prone to move into […]
Read moreSeptember 16, 2014 2:12 pm
Publicis Groupe SA announced in an official statement today that it extended Chief Executive Officer Maurice Lévys term by 18 months after more than 40 years spent in the company, highlighting its struggle to find a successor. Mr. Lévys tenure extension comes only months after plans for a $35-billion megamerger with Omnicom Group Inc. collapsed. […]
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