January 23, 2015 2:10 pm
Sony Corp. announced on Friday it expects to delay its quarterly report as the Japanese company deals with disruptions caused by the hacker attack in November. Sony said it had asked the Financial Services Agency of Japan to extend the deadline by which the company must report its third-quarter results from February 16 to March […]
Read moreJanuary 23, 2015 12:41 pm
Family Dollars shareholders accepted a merger offer from fellow discount retailer Dollar Tree, ending a six-month bid war with the market leader Dollar General. Outstanding shares that voted in favor of the merger offer were 74% of Family Dollars 114 million as of last October, the company announced on Thursday at an investor meeting in […]
Read moreJanuary 23, 2015 10:36 am
DreamWorks Animation SKG Inc announced on Thursday it will cut its workforce by nearly a quarter as a part of a new strategic plan to restructure its core feature animation business. The company said that under the leadership of Arnold and Mireille Soria, newly appointed as co-presidents of its animated film business, the division will […]
Read moreJanuary 23, 2015 9:03 am
Royal Bank of Canada agreed to acquire City National Corp and its high-profile client base for around $5.4 billion, marking its largest takeover yet amid slowing growth at its domestic market. Canadas second largest bank by assets will pay $47.25 in cash and 0.7489 in shares, bringing the total value of deal up to $93.80 […]
Read moreJanuary 22, 2015 3:43 pm
Union Pacific Corp, announced on Thursday its quarterly profit increased above analysts expectations as the largest US railroad operator continued to benefit from higher freight rates. Net profit for the fourth quarter stood at $1.43 billion, up 22% compared to a year earlier. Earnings per share were $1.61, 27% better than the result posted in […]
Read moreJanuary 22, 2015 2:05 pm
Royal Bank of Scotland Group Plc announced on Thursday that it had reached an agreement with two peer-to-peer lending platforms to deliver more funding options to smaller businesses. RBS will start referring smaller clients to both Funding Circle and Assetz Capital, if the bank is “unable to financially help at the moment”. The move comes […]
Read moreJanuary 22, 2015 12:47 pm
Oracle Corp. announced a new marketing strategy on Wednesday that focuses on lower hardware prices in order to attract a wider area of clients. Chairman Larry Ellison unveiled the latest generation of the companys server systems at an event at Oracle’s headquarters in Redwood City, California. Mr. Ellison said the new addition to the companys […]
Read moreJanuary 22, 2015 10:46 am
EBay Corp announced on Wednesday it will reduce its workforce by 2 400 employees as the e-commerce giant makes arrangements to split from its enterprise division. The job cuts will represents around 7% of eBays total employees and will be primarily focused on eBays core marketplace unit. The layoffs would be completed by the end […]
Read moreJanuary 22, 2015 9:19 am
Microsoft Corp took on the future as it introduced its latest gadget alongside an upgrade for its Windows operating system, outlining the companys aim to compete at the high-end of the technology market. The HoloLens is a computer platform which projects holograms of objects and allows users to physically interact with them using their hands […]
Read moreJanuary 21, 2015 4:10 pm
Apple Inc has acquired British music analytics start-up Semetric as the iPhone maker gears up for the international release of its Beats Music streaming service later this year. Semetric, which is most famous for its Musicmetric brand, was founded in 2008 and provides information about music sales and downloads as well as opinions for artists […]
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