August 23, 2014 8:33 am
T-Mobile U.S. Inc. has decided to enter a direct competition with Sprint Corp. in order to “steal” each others customers after only a few weeks ago the two companies were considering a merger. The Chief Executive Officer of the company – Mr. John Legere said in the companys announcement, which was cited by Bloomberg: “It […]
Read moreAugust 22, 2014 1:54 pm
Royal Bank of Canada posted Q3 earnings today, beating estimates and logging the best results on record in its capital markets, insurance and wealth management divisions. RBC, Canadas second-largest banks by assets, logged sales of 8.98 billion Canadian dollars (~$8.20bn), up 25% from a year ago. Net income was C$2.38bn, up 3.9% on an annual […]
Read moreAugust 22, 2014 11:32 am
Comcast Corp. revealed in a statement that it will focus on attracting younger audiences in order to expand its reach. The company is to offer students at seven US colleges live TV and video on-demand on their computers and mobile devices. The Executive Vice President of consumer services of Comcast Corp. – Mr. Marcien Jenckes […]
Read moreAugust 22, 2014 10:06 am
The video-game chain GameStop Corp. posted quarterly profit that surpassed estimates, bumping shares higher in afterhours trade. Results were boosted by next-gen consoles sales, which helped the companys hardware sales. According to the companys statement, its net income increased more than two times on an annual basis to $24.6 million, or $0.22 per share, beating […]
Read moreAugust 22, 2014 9:45 am
Salesforce.com Inc., the largest customer-management software maker, posted quarterly earnings today, to reveal a massive increase in revenue and an upgrade to its guidance for future results. Revenue for the second quarter of the 2015 fiscal year, ended July 31 2014, totaled $1.32 billion, up 37.5% on an annual basis, while the net result of […]
Read moreAugust 22, 2014 8:33 am
Britains headline index was mostly flat on Friday with a quiet corporate diary and economic calendar and as investors awaited Fed Chairwoman Janet Yellens speech for signs whether the central bank will raise its benchmark interest rate sooner than expected. The FTSE 100 index stood at 6 775.30 points at 8:24 GMT, down 0.03% on […]
Read moreAugust 22, 2014 8:13 am
Home Depot Inc., the biggest home improvement retailer in the world, revealed in an official statement that it has named Craig Menear to succeed Frank Blake as Chief Executive Officer, in effect November 1, while Blake will remain chairman. “It won’t be a difficult transition. Because of the knowledge [Menear] has accumulated with his time […]
Read moreAugust 21, 2014 2:27 pm
Infineon Technologies AG, Germanys largest chip manufacturer, announced that it reached agreement over the acquisition of LA-based International Rectifier Corp. for an estimated $3 billion. The Chief Executive Officer of Infineon Technologies AG Mr. Reinhard Ploss described the deal as “a unique opportunity”. “With their great knowledge of specific customer needs and their application understanding, […]
Read moreAugust 21, 2014 1:11 pm
Seattle-based Web retailer Amazon.com said on Wednesday that it plans to set up operations in Shanghais new 28 km² free-trade zone, allowing it to import merchandise in China cheaper and to better compete with e-commerce rivals Alibaba and JD.com. The company said on Wednesday it signed a deal with authorities in the free-trade zone to […]
Read moreAugust 21, 2014 12:32 pm
United Parcel Service Inc., the biggest package-shipping company in the world, said customers personal and payment data has been exposed to risk due a computer security breach at some of its retail outlets in the period between January 20 and August 11 of this year. “I understand this type of incident can be disruptive and […]
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