June 22, 2015 10:03 am
European telecom group Altice confirmed on Monday recent reports that it has offered to acquire France’s Bouygues Telecom in a deal that would create the countrys largest operator by subscribers. Luxembourg-based Altice, controlled by telecoms tycoon Patrick Drahi, has launched the bid through its subsidiary Numericable-SFR, but didnt specify how much the offer amounted to. […]
Read moreJune 19, 2015 10:02 am
Chinas Ant Financial Services Group, Alibaba Group Holding Ltds finance arm, has completed a private fundraising that values the company at about $45 billion, according to people familiar with the matter. Alibabas affiliate, which runs Chinas biggest online payment business, sold stakes to external investors, including China Development Bank Capital Co, an investment arm of […]
Read moreJune 18, 2015 10:03 am
Shares of Oracle Corp tumbled more than 6% in extended trading on Wednesday after the business software maker reported a larger-than-expected sales decline in the fourth fiscal quarter and missed profit forecasts. Oracle said that revenue in the three months through May 31st slid 5.4% to $10.7 billion, trailing analysts projections for $11 billion, and […]
Read moreJune 17, 2015 9:58 am
Nestle SA, the worlds biggest food and drinks company, confirmed on Wednesday it will cut 15% of jobs in 21 African countries in hopes to break even next year after failing to accurately predict growth in the regions middle classes. The headcount reduction comes as turnover in the equatorial Africa region failed to deliver in […]
Read moreJune 16, 2015 10:09 am
Boeing extended its order lead over competitors on the second day of the Paris Air Show by securing a $10.7-billion deal with Dutch aircraft leasing company AerCap Holdings NV for the delivery of 100 737 MAX 8 passenger jets. The accord, the biggest one yet at the show by volume and value, confirms media reports […]
Read moreJune 15, 2015 10:00 am
General Motors Co will return to the growing US medium-duty truck market next year by offering Isuzu-made vehicles under the Chevrolet brand, according to people familiar with the matter who declined to be identified because the information was not yet public. The companies are expected to make an announcement as early as Monday, the people […]
Read moreJune 12, 2015 10:02 am
South Korean automaker Hyundai Motor Co and affiliate Kia Motors Corp said on Friday they are cutting production to adjust to declining sales as the two suffer a heavy reliance on sedans in times of a global boom in SUV demand and a weaker yen giving advantage to Japanese rivals. Hyundai pared production by 25% […]
Read moreJune 11, 2015 10:11 am
The British government said it raised £750 million ($1.2 billion) from the sale of half of its 30% stake in ex fully-state-owned postal operator Royal Mail Plc, adding that it sees no reason to keep any holding in the company. Banks led by Goldman Sachs, JPMorgan and Bank of America placed this week around 150 […]
Read moreJune 10, 2015 9:58 am
Spains Industria de Diseño Textil SA, the worlds largest clothing retailer, reported on Wednesday better-than-expected first-quarter profit amid sales growth in all geographies, boosted by a weaker euro and a continued global expansion of stores. The owner of brands such as Pull&Bear, teen chain Bershka and up-market chain Massimo Dutti, said that sales rose by […]
Read moreJune 9, 2015 10:25 am
HSBC Holdings Plc announced on Tuesday it will axe as many as 50 000 jobs as part of a global overhaul as it seeks to lean its structure and boost its sluggish performance. About half of the headcount reduction will come from selling the businesses in Brazil and Turkey, the lender said, while the rest […]
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