August 29, 2014 7:21 am
Google Inc. said in a statement that it is developing a system of drone deliveries, so-called Project Wing, and that is has already been tested in Australia, taking its competition with Amazon.com a step further. “Self-flying vehicles could open up entirely new approaches to moving things around – including options that are faster, cheaper, less […]
Read moreAugust 28, 2014 1:26 pm
Bouygues SA, the French construction and telecommunications conglomerate, reported earnings over the first six months of the current fiscal year were down 61% from a year ago, with its telecom business hurt by a price war. Bouygues operating profit before one-time items and restructuring expenses fell 61% to €134 million (~$177 million) on an annual […]
Read moreAugust 28, 2014 12:22 pm
The UK-based chip manufacturer CSR Plc, which is known for pioneering Bluetooth wireless technology, said in an official statement today that it is “considering its options” after rejecting a takeover offer from Chandler, Arizona-based Microchip Technology Inc., sending shares up as much as 39%. “The price proposed by Microchip has been rejected and the board […]
Read moreAugust 28, 2014 11:42 am
PetroChina Co Ltd, the countrys largest oil producer, posted rising revenue and profits, as economic reforms in the worlds second-top economy proved beneficial for the state-owned giant. Operating income was reported at 1.15 trillion yuan (~$187.87bn) for the six months through June 30, up 4.8% on an annual basis, while net profit was up 4.0% […]
Read moreAugust 28, 2014 9:51 am
The outage of Time Warner Cable Inc.s Internet service on August 27th will raise the scrutiny of its planned merger with Comcast Corp. Governor Andrew Cuomo said in a statement today that the New York State Department of Public Service is to investigate the service disruption as part of the review of the proposed merger. […]
Read moreAugust 28, 2014 8:45 am
Kia Motors Corp. announced that it intends to build its first assembly factory in Mexico. Mr. Enrique Pena Nieto, the companys Mexican President, said in an official statement that Kia plans to invest more than $1-billion in the plant and will attract another $1.5 billion from its Mexican suppliers. Mr Pena Nieto said: “This company […]
Read moreAugust 28, 2014 7:45 am
Telefonica SA, the worlds sixth-largest mobile network provider, revealed its increased offer for Vivendis GVT. The Spanish carrier will offer €7.45 billion (~$9.8bn) for Vivendis Brazilian unit, an 11% increase from the previous offer, as it outbids Italys Telecom Italia. The board of Vivendi SA is to meet today in order to discuss the bid. […]
Read moreAugust 28, 2014 6:36 am
Qantas Airways Ltd, Australias largest carrier, reported a record loss of A$2.84bn (~$2.7bn) for the 12 months ended 30 June 2014, alongside a forecast of profit in the six months through December. “There is no doubt today’s numbers are confronting, but they represent the year that is past,” Alan Joyce, CEO, said. “We have now […]
Read moreAugust 27, 2014 2:15 pm
The largest dairy exporter in the world – Fonterra Co-Operative Group Ltd revealed in an official statement today that it is to acquire a stake in a Chinese infant formula maker. The deal is estimated to NZ$615 million ($515 million) with a purchase price of 18 yuan ($2.93) per share, equaling about a 20% premium […]
Read moreAugust 27, 2014 1:27 pm
Ryanair Holdings, Europes largest discount airline, revealed the latest step in its drive to attract business travelers, announcing the introduction of the “Business Plus” travel plan. The new business-class tickets start from €70 and come with several perks, like unlimited flight changes, fast-track security checks and “premium seating”. A few footnotes pointed, however, that some […]
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