September 9, 2014 7:31 am
The biggest home-improvement chain – Home Depot Inc. made an official statement and confirmed a computer system breach at nearly 2 200 of its stores located in the U.S. and Canada. According to the companys statement, there is no proof that debit-card PINs have been compromised at the time of the breach. The number of […]
Read moreSeptember 9, 2014 6:45 am
The market capitalization of Facebook Inc. surpassed $200 billion on Monday, which puts the U.S.-based company in the ranks of the worlds largest corporations. According to data compiled by Bloomberg, the shares of the company increased by 0.82% and reached $77.89 at yesterdays close in New York, which valued the company at $201.2 billion. This […]
Read moreSeptember 8, 2014 3:00 pm
Nathan Hubbard, Twitter’s head of commerce, revealed in an interview that the US-based microblogging company is running tests of a “buy” button that will provide its users with the opportunity to make purchases directly from tweets posted on its service. Mr. Hubbard explained that Twitters buy button” is in an advanced development phase, and is […]
Read moreSeptember 8, 2014 1:40 pm
Boeing Co, the world’s largest aerospace company, revealed it has secured an $11bn order from Ireland-based Ryanair, Europes largest discount airline, which also only flies Boeing 737 jets, with additional $11bn options. The order for 100 units of the 737 Max 200 model, a variant of the 737 Max 8, in addition to the 100 […]
Read moreSeptember 8, 2014 1:39 pm
Facebook, which is already a huge distributor of Internet video content, has just revealed that it delivers 1 billion video views on a daily basis. The U.S.-based company continues to consider new ways by which to become more attractive for video-content publishers. According to the companys statement, video views climbed by about 50% in the […]
Read moreSeptember 8, 2014 12:40 pm
FMC Corp. revealed in a statement today that it reached an agreement to acquire the Danish fungicide-ingredient manufacturer Cheminova in a deal estimated to $1.8 billion. According to FMCs statement, the acquisition will be financed through a mixture of debt and existing cash. The deal is expected to be finalized in early 2015. Cheminova is […]
Read moreSeptember 8, 2014 9:59 am
The largest auto manufacturer in Europe – Volkswagen AG said that it will halt production at its plant situated in Kaluga, Russia for a period of 10 days due to the countrys weakening economy. According to the companys statement, the falling Russian rouble and declining real wages are some of the reasons why the Kaluga […]
Read moreSeptember 8, 2014 8:36 am
Electrolux AB revealed in a statement today that it reached an agreement with General Electric Co. over the acquisition of its home-appliances division. The deal, the companys largest takeover so far, is estimated at $3.3 billion in cash and is to add brands such as Hotpoint and GE Monogram to Electrolux portfolio. The purchase “strengthens […]
Read moreSeptember 8, 2014 8:03 am
The biggest auto manufacturer in the U.S. – General Motors Co. revealed that it plans to launch a hands-free driving Cadillac model within two years. The Chief Executive Officer of the company Ms. Mary Barra explained in a speech at the Intelligent Transport System World Congress in Detroit that the 2017 Cadillac model will feature […]
Read moreSeptember 7, 2014 6:50 am
Britain’s leading equity index closed the week for a sizable gain, despite logging a drop on Friday, as confidence in a speedy EU recovery and growth in the UK and US led investors to more stocks. FTSE 100 was down 0.33% to close at 6 855.10 points on Friday, logging only the second daily drop […]
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