August 10, 2014 9:11 am
Shares in the United Kingdom marked a third successive session of losses on Friday, as US President Barack Obama authorized the use of force against militants in Iraq. The FTSE 100 Index lost 0.45% on a daily basis, or 30.01 points, to close at 6,567.36 in London, which has been the lowest closing level since […]
Read moreAugust 9, 2014 8:52 am
General Motors Co, the biggest US car manufacturer, announced on Friday that it is pulling back another 312 280 vehicles, most of which due to ignition switch problems, adding to this years record-breaking recalls of almost 29 million cars. Meanwhile, GMs compensation program was reported to have received around 130 claims during its first eight […]
Read moreAugust 8, 2014 2:00 pm
SoftBank Corp., posted today a 68% drop in its first-quarter profit, after booking a 63 billion yen loss from its stake in Alibaba Group Holding Ltd. and as subscriber growth slowed over the period. According to the announcement made by SoftBank Corp., the companys net income over the first three months ended June declined to […]
Read moreAugust 8, 2014 12:33 pm
The head of the India-based unit of Amazon.com Inc. – Mr. Amit Agarwal shared that the $2-billion bet of the company on the relatively small e-commerce market of the country is about being ready when the market takes off. Mr. Agarwal said in an interview for the Wall Street Journal that the e-commerce market in […]
Read moreAugust 8, 2014 11:33 am
Bayerische Motoren Werke AG (BMW) is to become the latest luxury carmaker to reduce prices of spare parts in China. The decision of the company places it among other auto makers such as the Audi brand of Volkswagen AG and the Mercedes-Benz brand of Daimler AG, which have also decided to reduce prices in the […]
Read moreAugust 8, 2014 9:57 am
Shares of Allianz SE, Europes biggest insurer, climbed today, as the company posted Q2 results, revealing an 11% increase in profit, with higher earnings of its life and health insurance operations and lower expenses for natural disaster-related damages. According to the Allianz SEs statement, the companys profit over the second profit increased by 11%. Allanz […]
Read moreAugust 8, 2014 8:44 am
Deutsche Telekom AG announced that it has decided to reject the $15-billion takeover bid of the French carrier Iliad SA for its stake in T-Mobile US. The Germany-based company also said that its second-quarter profit jumped by more than a third due to the companys aggressive strategy, which is trying to expand its customer base […]
Read moreAugust 8, 2014 7:36 am
Metro AG revealed that it has decided to sell 19 of its stores located in Vietnam to the Thai distributor Berli Jucker. The company, which is based in Germany, is withdrawing from the country as part of its strategy to sharpen its focus and invest in improving its performance in other regions. Metro AG is […]
Read moreAugust 7, 2014 1:35 pm
Adidas AG, the worlds second-largest sports gear manufacturer, made an official statement that it will launch a massive marketing campaign in order to stop market share losses as decreasing golf equipment demand and an increase in production costs prompted the company to reduce its 2014 profitability forecast. Mr. Herbert Hainer, who is the Chief Executive […]
Read moreAugust 7, 2014 12:14 pm
Shares of Rio Tinto Plc, the second-biggest mining company in the world, climbed as much as 3% after the company posted H1 earnings today, to reveal its profit increased by 21%. Rio Tinto also kept its plan to reduce its capital expenditure to as little as $8 billion by 2015. According to the statement of […]
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