July 21, 2014 8:17 am
A Florida jury ordered one of the units of the second-biggest tobacco company in the U.S. – Reynolds American Inc. – to pay punitive damages that amount to 23 billion dollars to a woman for her 36-year-old husbands death caused by lung cancer. The verdict represents the latest in a series of blows that the […]
Read moreJuly 21, 2014 7:32 am
According to information published on a document filed with the U.S. federal regulators on July 18th, General Motors Co. changed the design of some ignition switches it had used in certain mid-size vehicles manufactured in 2003 and 2004 after finding out there was a problem with them. The companys official representatives, however, did not consider […]
Read moreJuly 20, 2014 10:06 am
Shares in the United Kingdom marked a slight daily advance on Friday, despite increased concerns among investors that geopolitical tension between the Russian Federation and Ukraine is gaining intensity, following the tragedy with the Malaysian aircraft over Ukraine. Ukrainian government accused pro-Russian rebels of shooting down the Malaysian Airlines flight from Amsterdam to Kuala Lumpur, […]
Read moreJuly 19, 2014 10:19 am
Shares of Electrolux AB, the worlds second-biggest home-appliances maker, surged by more than 5% on Friday after the company posted a second straight increase in quarterly profit as demand in Europe and North America improved, although overall sales contracted due to market weakness in Latin America. Electrolux posted a better-than-expected second-quarter profit and maintained its […]
Read moreJuly 18, 2014 1:46 pm
General Electric Co. made an official statement today, announcing its profit over the second quarter that matched analysts expectations. The profit was boosted by increasing industrial margins, while the company is preparing for its Synchrony Financial divisions Initial Public Offering. According to General Electrics statement, the second-quarter adjusted profit from continuing operations increased by 8% […]
Read moreJuly 18, 2014 12:42 pm
AbbVie Inc. announced that it reached an agreement over the acquisition of Shire Plc in a cash-and-stock deal valued at about 32 billion pounds (54.8 billion dollars). This is how AbbVie became the latest U.S.-based health-care company that has preferred to move its tax residence outside the U.S. The two companies made a joint statement […]
Read moreJuly 18, 2014 12:25 pm
Hermes International SCA posted second-quarter results, revealing a slowdown in growth, though logging a sizable growth nonetheless. The companys key market in Japan saw a serious contraction with a weaker yen weighing on earnings. Hermes International SCA announced that its revenue over the second quarter increased by 5.8% from €910 million in the same period […]
Read moreJuly 18, 2014 9:37 am
Microsoft Corp. announced that it intends to cut as many as 18 000 job positions, in what is considered the largest round of cuts in its history. The job cuts come at a moment when the Chief Executive Officer of Microsoft – Mr. Satya Nadella is putting his efforts into incorporating Nokias handset unit and […]
Read moreJuly 18, 2014 9:07 am
International Business Machines Corp. posted a drop in revenues for the ninth consecutive quarter yesterday, though adding a massive chunk to profits. Long-term outlook was confirmed as positive, with growing focus on the companys cloud computing services. According to the report, the companys revenue over the second three months of the current fiscal year declined […]
Read moreJuly 18, 2014 7:43 am
Google Inc. made an official statement yesterday, posting its sales over the second financial quarter that topped analysts forecasts as the tech giant managed to sell more advertising over the period. The Chief Investment Officer of Centre Asset Management, which is one of the shareholders of Google – Mr. James Abate commented on the companys […]
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