March 28, 2014 9:15 am
European equities, along with Britains headline index, rose on Friday after recent weak data points from China, which spurred fears of a slowdown in the worlds second-biggest economy, prompted Premier Li Keqiang to announce that the government will safeguard its growth target and will push ahead with infrastructure investment. A brighter economic outlook in the […]
Read moreMarch 28, 2014 8:19 am
The Chief Executive Officer of Facebook Inc. – Mr. Mark Zuckerberg – announced that the company is working on delivering the Internet even to the most remote areas in the world via drones, satellites, and other new technologies. Mr. Zuckerberg said in a post published on Facebook, which was cited by the Financial Times: “In […]
Read moreMarch 27, 2014 1:13 pm
The largest auto manufacturer in the world – Toyota Motor Corp. made an official statement, revealing that it plans a buyback of its stock for the first time in about five years due to increasing profit. The company explained that it will buy back up to 60 million of its own shares, or 1.89%, for […]
Read moreMarch 27, 2014 10:36 am
The second-largest clothing retailer in Europe – Hennes & Mauritz AB, commonly known as H&M, made an official statement today, revealing that costs of the company for online expansion influenced on its profit for the first quarter of 2014. H&M posted an 8.7% increase of its operating profit, which jumped to 3.4 billion kronor (526 […]
Read moreMarch 27, 2014 9:59 am
Babcock International Group Plc made an official statement revealing that it has agreed to purchase private equity-owned Avincis Group in a deal estimated to 920 million pounds (1.52 billion dollars), absorbing 705 million pounds of Avincis debt. Currently, Babcock is trying to expand its reach in helicopter services by acquiring the company that works under […]
Read moreMarch 27, 2014 9:31 am
Britains FTSE 100 index opened lower on Thursday and slid for the first time in three days, tracking a fall in New York overnight on renewed concern that the crisis in Ukraine may escalate. Investors awaited the release of the final US fourth-quarter GDP growth, as well as weekly initial jobless claims numbers and retail […]
Read moreMarch 27, 2014 8:40 am
AOL Inc., which runs a global Web services business that provides a variety of brands and offerings, has been reported to be expanding its reach beyond Web publishing. AOL Inc. announced a system that offers companies a way to automate the process of selling and buying mobile, social media, television and web advertising, becoming the […]
Read moreMarch 27, 2014 7:34 am
The shares of General Motors Co. have fallen by almost 14% since Mary Barra took the position of Chief Executive Officer of the company. At the same time, Standard & Poors 500 Index has risen and so did the shares of Microsoft Corp., which also underwent through management changes. The companys shares were reported to […]
Read moreMarch 26, 2014 3:18 pm
The maker of the popular “Candy Crush” smartphone game – King Digital Entertainment Plc made an official statement, revealing that it managed to raise 500 million dollars in its initial public offering. The valuation of the company after its IPO was 7.09 billion dollars. According to the companys statement, King Digital entertainment Plc and its […]
Read moreMarch 26, 2014 1:18 pm
The largest auto manufacturer in South Korea – Hyundai Motor Co. revealed in an e-mailed statement that it is considering building a fourth vehicle plant in China. The move of increasing the capacity expansion is provoked by the companys attempt to become more competitive on the Chinese auto market, which is known as the worlds […]
Read more