April 23, 2014 9:05 am
The largest auto manufacturer in the U.S., General Motors Co. made an official statement, announcing that the Vice President of its global vehicle engineering division Mr. John Calabrese will retire. According to the companys statement, the reorganization will include splitting the engineering division into two separate units and doubling the number of investigators in response […]
Read moreApril 22, 2014 2:26 pm
Comcast Corp., which is currently considered as the biggest cable company in the U.S., made an official statement, announcing its results for the first quarter of the current financial year. The company revealed that its first-quarter profit increased by 30% due to video subscriber growth. In its statement Comcast reported that its revenue amounted 17.4 […]
Read moreApril 22, 2014 12:48 pm
Tencent Holdings Ltd, the largest Internet company in Asia, intends to sell dollar-denominated bonds in two tranches after the company has recently launched a program, which allows it to raise up to $5 billion in bonds over the next year. According to people with knowledge of the matter, who asked not to be named because […]
Read moreApril 22, 2014 10:06 am
The acquisition of Nokias handset business has been confirmed by Microsoft Corp. The deal, which is estimated to 5.4 billion euros and was initially announced in September 2013, is expected to be finalized this Friday. It is still not clear if the major handset manufacturing plant located in India will be included in the acquisition. […]
Read moreApril 22, 2014 8:41 am
Novartis AG made an official statement today, saying that it reached an agreement over the acquisition of the cancer-drug unit of GlaxoSmithKline Plc in a 16-billion-dollar deal. The two companies will also form a joint venture by combining their consumer-health divisions, which sell medicines that dont require a prescription. According to the companys statement, Novartis […]
Read moreApril 22, 2014 8:12 am
The biggest lighting company in the world – Philips, which is formerly known as Koninklijke Philips Electronics NV – made an official statement, posting its results for the first quarter of the current financial year. The company revealed its earnings for the first quarter, which missed analysts estimates due to decreased sales and profit that […]
Read moreApril 22, 2014 6:58 am
Netflix Inc., the biggest online-subsription service in the world, made an official statement, revealing that it will increase its streaming services price for new members by a dollar or two on a monthly basis. This is the first price increase of the companys services since 2011. It is supposed to help Netflix pay for its […]
Read moreApril 21, 2014 8:23 am
General Motors Co, the worlds third largest car manufacturer by sales, announced it will invest $12 billion in China through 2017 and build more factories in 2015 as it tries not to fall behind its rivals, and particularly Volkswagen AG. The U.S. car manufacturer expects to achieve sales growth of between 8% and 10% in […]
Read moreApril 19, 2014 7:54 am
After the recent departure of its Chief Executive Officer Bruno Guillon, the British luxury-goods brand Mulberry Group Plc said that it plans to focus on the “affordable” luxury category by reducing its new products prices and offer cheaper handbags in order to increase its sales. Godfrey Davis, who is the Interim Executive Chairman of the […]
Read moreApril 18, 2014 6:44 am
General Electric Co. made an official announcement, revealing that its earnings over the first quarter of the current financial year surpassed analysts estimates. The companys results were benefited by increasing margins in the industrial businesses. The Chief Executive Officer of General Electric Co. – Mr. Jeff Immelt shared that the company found perspectives in most […]
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