May 12, 2014 9:36 am
British Sky Broadcasting Group made a statement today, confirming the start of preliminary negotiations over an eventual purchase of 21st Century Fox Inc.s pay-TV assets in Germany and Italy. Mr. Rupert Murdoch has a 39% stake in the UK company, which he plans to transform into a satellite-TV giant based in Europe, while allowing his […]
Read moreMay 12, 2014 8:49 am
Pfizer Inc.s Chief Executive Officer Mr. Ian Read is dealing with serious public scrutiny in connection with his bid for the British AstraZeneca Plc. This week the companys CEO is going to be grilled with questions concerning his commitment to the U.K. Pfizer Inc. made a 106-million-dollar bid for the U.K. AstraZeneca Plc. If the […]
Read moreMay 12, 2014 7:42 am
People with knowledge of the matter reported that Samsung Electronics Co. Ltd is considering the launch of a smartphone, based on the companys operating system – the Tizen operating system on the Russian and the Indian market. The planned release of Samsungs smartphone is part of the companys effrots to become a worthy rival of […]
Read moreMay 11, 2014 10:26 am
Ralph Lauren Corp fell 2% on Friday after sliding nearly 6% in intraday trading as the company projected lower-than-expected revenue for the current quarter, despite better-than-anticipated results in the three months through March 29th. Roger Farah, the company’s executive vice-chairman, announced he will retire at the end of the month. The US retailer reported that […]
Read moreMay 10, 2014 11:27 am
UK shares dropped from highs unseen since February, while Petrofac Ltd. (PFC) registered the largest loss within the FTSE 100 (UKX) Index during yesterdays trade. The UK benchmark gauge fell 0.36%, or 24.68 points, to reach 6,814.57 at the close in London on Friday. The index recorded a 0.1% weekly loss, which followed three consecutive […]
Read moreMay 9, 2014 1:33 pm
Hilton Worldwide Holdings, the worlds largest hotel operator, raised its full-year guidance after its first-quarter net profit almost quadrupled thanks to strong business and leisure travel and higher room rates. Hilton reported that its net income attributable to shareholders soared to $123 million, or 12 cents per share, from $34 million, or 3 cents per […]
Read moreMay 9, 2014 12:10 pm
Telefonica SA, Europes second-largest telecommunications company behind Vodafone Plc and biggest investor in Latin American telecommunications, reported worse-than-expected net profit in the first quarter, dragged by a continuing decline in demand in Spain and negative currency effects in its Latin American markets. The Madrid-based carrier reported today that its net profit for the three months […]
Read moreMay 9, 2014 9:58 am
French network-equipment maker Alcatel Lucent SA reported on Friday that it managed to reduce its first-quarter net loss, spurring confidence among investors that Chief Executive Officer Michel Combes three-year turnaround plan is likely to succeed. The company announced its net loss for the first quarter fell to 73 million euros, compared to 353 million euros […]
Read moreMay 9, 2014 8:15 am
France-based Publicis Groupe SA and US rival Omnicom Group Inc. called off a $35-billion plan to merge and create the worlds biggest advertising company as the two parties failed to overcome major difficulties which slowed the process of completion. The all-stock deal, which was announced in July as a merger of equals, would have created […]
Read moreMay 9, 2014 7:12 am
Apple Inc will be making an expensive assault on the music streaming service market as the iPhone maker nears a deal to acquire Beats Electronics in a $3.2-billion deal, according to people familiar with the matter. The acquisition, which would be Apples largest, could be announced as early as next week, but both companies refused […]
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