March 31, 2014 10:27 am
Britains headline index extended last weeks gains into Monday, buoyed by speculations the Chinese government will step in to stimulate its cooling economy, while the European Central Bank could further ease policy amid fears of deflation. Upbeat data from the US last week kept global equities underpinned, with investors eyeing the upcoming payrolls and manufacturing […]
Read moreMarch 31, 2014 8:51 am
ING Groep NV, a Netherlands-based company focused on providing its customers with financial services, announced that it is considering selling shares in its European insurance division and plans to resume paying dividends in 2015. ING Groep NV made an official statement today, revealing that the dividend will be paid after the company fully repays a […]
Read moreMarch 31, 2014 8:34 am
The official representatives of Caterpillar Inc., which is a manufacturer of construction and mining equipment, will try to prove it shares the responsibility of millions of Americans in filing their income-tax returns. Now it is turn to Caterpillars executive officers to be put under evaluation by the senate committee for allegedly exploiting opportunities to avoid […]
Read moreMarch 29, 2014 5:20 pm
Shares in the United Kingdom posted their most considerable weekly advance in a month, as gains of mining companies neutralized losses recorded by insurers. On the London Stock Exchange (LSE) the FTSE 100 Index, encompassing companies with the largest market capitalization, closed at 6,615.58 on Friday, climbing 0.41% for the day, while rising 0.9% for […]
Read moreMarch 29, 2014 9:54 am
General Motors Co announced on Friday it will expand its global faulty ignition switch recall by 971 000 cars, which were allegedly built with safe parts, but may have been fitted with defective replacements during repairs. The recall, which began in February with 1.6 million cars and was now widened by 60%, was linked to […]
Read moreMarch 28, 2014 2:58 pm
The second-largest bank by assets in Italy – Intesa Sanpaolo SpA made an official statement, posting a fourth-quarter loss estimated to 5.19 billion euro (7.14 billion dollars). The bank also revealed that it has made post-tax writedowns in annual results that amounted to 5.8 billion euros and raised its loan-loss provisions by 51% to 7.1 […]
Read moreMarch 28, 2014 1:48 pm
BlackBerry made an official statement, posting a smaller quarterly loss than previously expected by analysts. The result is considered to be due to the efforts of John Chen, who is the new Chief Executive Officer of the company. However, the companys revenue missed the analysts expectations and fell bellow 1 billion dollars for the first […]
Read moreMarch 28, 2014 12:37 pm
The largest offshore oil and natural gas exporter in China – Cnooc Ltd made an official statement, revealing a lower 2013 profit, which also missed the estimates of analysts. In addition, the companys earnings were influenced by higher operating costs and lower crude prices. However, despite the decreasing profit, the company announced that it plans […]
Read moreMarch 28, 2014 10:04 am
According to people close to Amazon.com, the company is considering the launch of streaming television and music-video service, which are to be supported by advertising. The people familiar with the process revealed that Amazon.com has shared its idea of the new service, which could be released in the months yet to come, with its potential […]
Read moreMarch 28, 2014 9:39 am
The Chief Executive Officer of Microsoft Corp. – Mr. Satya Nadella – made his first public appearance since taking over the position in February. Mr. Nadella chose to launch new Office software that is compatible with the iPad of Apple Inc., which is considered by analysts as a departure from the companys sole focus on […]
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