March 17, 2015 9:15 am
Apple Inc is planning to launch a new online TV service this fall after the technology behemoth completes a series of negotiations with media companies. The iPhone maker is close to striking deals with broadcasters, including CBS and Fox, in order to start offering a small bundle of channels, according to people with knowledge on […]
Read moreMarch 16, 2015 1:10 pm
The biggest shareholder of Lenovo Group Ltd is aiming for up to $3-billion initial public offering in Hong Kong as soon as July, the Wall Street Journal reported on Monday. Beijing-based Legend Holdings, which has a colorful portfolio of investments ranging from real estate to agriculture, intends to apply for approval from the Hong Kong’s […]
Read moreMarch 16, 2015 10:33 am
Air France-KLM faces further difficulties in negotiating with its employees after union representatives announced that they would not attend a planned meeting on Monday. Following last years pilot strike, the airline has agreed to meet with worker unions, who represent pilots, cabin and maintenance employees, in order to discuss the companys five year proposal. The […]
Read moreMarch 16, 2015 9:08 am
General Electric Co announced on Monday it had agreed to sell its consumer-lending business in Australia and New Zealand to an investor group including Värde Partners and Deutsche bank. The company said it would sell its financial service unit, which is part of GE Capital in Australia and New Zealand, to Värde Partners, KKR and […]
Read moreMarch 13, 2015 12:49 pm
Hyundai Motor Co gave into shareholder pressure and agreed to consider a proposal to establish a committee that will protect the interests of investors. At a shareholder meeting in South Korea an official from APG Asset Management, which holds a stake in Hyundai, asked the carmaker to make changes in its governance structure in order […]
Read moreMarch 13, 2015 10:33 am
GlaxoSmithKline announced on Friday that it had disposed of around half of its take in South Africas largest generic drugmaker as a part of the companys turnaround plan. GSK said it had sold about 6.2% of its stake in Aspen Pharmacare Holdings, reflecting Chief Executive Sir Andrew Wittys latest attempt to spur growth at Britains […]
Read moreMarch 13, 2015 9:07 am
Intel Corp. slashed its previous first-quarter revenue target by around $1 billion on Thursday citing lower demand for corporate personal computers. The Santa Clara, California-based chipmaker said that more businesses held back from upgrading Microsofts Windows XP operating system and thus put off purchasing new and more powerful machines. Intel said the tendency was notably […]
Read moreMarch 12, 2015 1:12 pm
Dollar General Corp reported an increase in sales on Thursday but projected modest growth in the year ahead as the market leader is set to face increased competition once its two smaller rivals merge later this year. The company reported net sales of $18.9 billion for the twelve months ended January 30, up 8% compared […]
Read moreMarch 12, 2015 11:06 am
Volkswagen AG announced on Thursday it would seek to achieve cost cuts of more than €1 billion in the year ahead as Europes largest car manufacturer aims to revive sales at its namesake brand. Last year the company introduced an “efficiency program” for its Volkswagen passenger car brand with the aim to reduce costs by […]
Read moreMarch 12, 2015 9:39 am
Deutsche Lufthansa AG said on Thursday it plans to maintain its cost-cutting efforts in order to better cope with increasing competition, even if the move triggers additional strikes. The German airline said pilot and security personnel strikes reduced its full-year operating profit by €232 million, including €62 million in December, to €954 million or 37% […]
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