April 2, 2014 8:34 am
Most European stocks were on the rise on Wednesday, lifted by German shares, and Britains FTSE 100 index swung between gains and losses after a report showed growth in British house prices slowed for a third straight month, albeit marking the biggest annual rise in four years. Market players eyed upcoming employment data from the […]
Read moreApril 2, 2014 7:40 am
At the renewal of its long-running patent war with Samsung, Apple Inc. announced that Samsung Electronics Co. had copied the companys flagship iPhone in order to overcome Apples rivalry. On its turn, Samsung claimed that it was being used as a replacement target of Google Inc. in its continuous competition with Apple. The courts jury […]
Read moreApril 1, 2014 12:30 pm
According to a report by the Australian Financial Review, the largest mining company in the world by market capitalization – BHP Billiton Plc is considering a big spin-off of its nickel, manganese, and aluminium businesses into a separate division in order to increase its efficiency and become more focused on iron ore, copper, coal and […]
Read moreApril 1, 2014 11:13 am
Bouygues SA made an official statement today, revealing that it has extended the deadline of its offer to Vivendi SA for the acquisition of its SFR phone division from April 8th to April 25th. The company said in its statement, which was cited by Bloomberg, that it would provide Vivendi SA with “time to examine […]
Read moreApril 1, 2014 9:26 am
The total compensation of the Chief Executive Officer and founder of Facebook Inc. – Mark Zuckerberg, who is also considered as the 22nd richest person in the world according to Bloombergs Billionaires Index, fell by 67% to $653 165 in 2013. Mr. Zuckerberg made a decision not to participate in the 2013 bonus plan of […]
Read moreApril 1, 2014 8:54 am
Global equities, along with Britains headline index, edged higher at the start of Q2 amid renewed expectations for stimulus in China and dovish comments by Fed Chief Janet Yellen. Markets also drew support as manufacturing activity in the euro area expanded for a ninth straight month, with most of its leading economies posting better-than-expected performance. […]
Read moreApril 1, 2014 8:01 am
A Senate investigative committee released a report today, revealing that 2.4 billion dollars in taxes were avoided to be paid by Caterpillar Inc. in the U.S. through a corporate restructuring, under which the company shifted most of its profits from overseas replacement-part sales to a subsidiary in Switzerland. Caterpillar Inc., which is currently considered as […]
Read moreApril 1, 2014 6:33 am
The explanation of General Motors Co. why it is expanding the recall of models made between 2008 and 2011 is being questioned by congressional investigators. Yesterday the company announced that it is withdrawing more vehicles. In addition, General Motors Co. has more than doubled the costs estimates of the recalls during the first quarter. As […]
Read moreMarch 31, 2014 2:58 pm
KKR & Co. LP is planning to support a European train leasing venture to tap the liberalization of rail traffic in the region. The new company European Locomotive Leasing, which is based in Germany and Austria, made a deal for the acquisition of 50 Vectron electrical locomotives from Siemens AG. The price of the agreement […]
Read moreMarch 31, 2014 11:13 am
Huawei Technologies Co., which is based in China and is considered as the second-largest telecom services supplier in the world, made an official statement today, revealing that it projects a rising revenue of about 435.7 billion yuan (70 billion dollars) in 2018. The company said that its net profit increased by 34% in 2013. As […]
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