August 27, 2014 11:59 am
Balfour Beatty Plc, which is currently the largest building company in the U.K., increased the valuation of its public-private partnership projects by 46% to £1.05 billion ($1.7 billion). The head of the infrastructure investments unit of Balfour Beatty – Mr. Ian Rylatt said in the companys statement, which was cited by Bloomberg: “The revaluation ensures […]
Read moreAugust 27, 2014 11:53 am
Royal Dutch Shell Plc, Europe’s largest oil company, has agreed to sell several Nigerian Oil Mining Licenses (OMLs) it co-owns with Total and Eni, as civil strife and theft drive foreign companies away from Africas oldest oil industry. The deals are not yet finalized, though the price of about $5bn was put forward by the […]
Read moreAugust 27, 2014 10:04 am
Volvo Car Group is to launch its first model since being acquired by the Chinese company Geely Automobile Holdings Ltd from Ford Motor Co. in 2010. At a special event today, the company presented its second-generation XC90 sport-utility car, which will be in showrooms in April, with a limited early series of 1 927 units […]
Read moreAugust 27, 2014 9:05 am
Royal Bank of Scotland Group Plc was fined £14.47 million ($24 million) by the markets regulator in the U.K. after being charged of giving its customers poor advice on mortgages. The British markets regulator made an official statement today, saying that Royal Bank of Scotland Group Plc was accused in what it called “serious failings […]
Read moreAugust 27, 2014 7:33 am
Google Inc. is to acquire the cloud-based visual-effects software company Zync Inc., the Mountain View, California-based company said, as cloud computing competition with Amazon.com intensifies. The terms of the deal were not revealed. “Creating amazing special effects requires a skilled team of visual artists and designers, backed by a highly powerful infrastructure to render scenes,” […]
Read moreAugust 26, 2014 1:39 pm
Burger King, the second-biggest burger chain in the US, agreed to purchase Tim Hortons, Canada’s largest fast food service, for about $11.4 billion. Both companies shares soared some 20% on Monday, after on Sunday it was made clear the talks were at an advanced stage. Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 […]
Read moreAugust 26, 2014 1:35 pm
Facebook Inc. shared in a press release on Monday that it will crack down on the “clickbaits” on its News Feed. As “clickbaits” the social network will deem articles shared by people to attract clicks but which contain little other information. As reported by the Wall Street Journal, Facebook Inc. said in its press release […]
Read moreAugust 26, 2014 11:59 am
The worlds biggest advertising agency by sales – WPP Plc said in a statement today that it has surpassed its forecast at the beginning of the year after its first-half sales exceeded analysts projections. WPP Plcs Chief Executive Officer Mr. Martin Sorrell said in a telephone interview today, which was cited by Bloomberg: “We’re strongly […]
Read moreAugust 26, 2014 9:52 am
Western Digital Corp. announced that the vice president of Amgen Inc. – Mr. Olivier Leonetti is to take over the position of Chief Financial Officer as of September 8th. Mr. Leonetti is to succeed Mr. Tim Leyden, who will retire after spending 24 years at Western Digital Corp. The companys Chief Executive Officer Mr. Steve […]
Read moreAugust 26, 2014 8:52 am
Fairchild Semiconductor International Inc., one of the oldest chip manufacturers, announced that it intends to shut down some its ageing facilities, trimming about 15% of its 9 000 workforce, as production will be outsourced. According to the companys statement, between $45 million and $55 million on a yearly basis are to be saved by closing […]
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