July 3, 2014 12:13 pm
Pimco Total Return Fund, the biggest fixed-income mutual fund in the world, suffered from investor withdrawals for the fourteenth straight month in June 2014. Assets dropped by 4.5 billion dollars, despite Pimco posting a better performance over the second fiscal quarter than many of its competitors. “Patient investors are rewarded over the long-term by sticking […]
Read moreJuly 3, 2014 8:48 am
Amazon.com Inc. said that it is prepared to oppose to the Federal Trade Commission if it files a lawsuit over claims that the company did not get customer approval over its policies on parental control and purchases made by children on several smartphone applications. The Federal Trade Commission was permitted to file a lawsuit against […]
Read moreJuly 3, 2014 7:32 am
The biggest manufacturer of chips used in mobile phones in the world – Qualcomm Inc. officially announced that it acquired Wilocity Ltd. in order to accelerate the introduction of new Wi-Fi products. Qualcomm seeks to implement a high-speed wireless technology called WiGig that it hopes to become a standard feature on mobile devices. The company […]
Read moreJuly 3, 2014 6:33 am
The European Commission made an official statement, revealing that Telefonica SA won the approval of the European Union to merge its German unit with the E-Plus division of Royal KPN NV. The antitrust chief of the European Union – Mr. Joaquin Almunia – said at a press conference, which was cited by Bloomberg, that Telefonicas […]
Read moreJuly 2, 2014 2:47 pm
The largest energy company by market capitalization in the world – Exxon Mobil Corp., revealed in an official statement today, that it intends to make a 1-billion-dollar investment in order to boost the diesel production at its Antwerp refinery. According to the statement, cited by Bloomberg: “The investment addresses an industry shortfall in capability to […]
Read moreJuly 2, 2014 1:02 pm
The second-biggest car manufacturer on the territory of Europe – Peugeot SA, made an official statement today that it has decided to build a vehicle factory in China due to increasing demand in the country. This would be the fourth car factory of Peugeot in China, which is to be operated in collaboration with the […]
Read moreJuly 2, 2014 12:09 pm
Roche Holding AG made an official statement today, revealing that it reached an agreement over the acquisition of Seragon Pharmaceuticals Inc. in a deal estimated at about $1.7 billion. The company made the decision in a bid to secure a new generation of experimental breast cancer drugs. The deal between the biotech California-based subsidiary of […]
Read moreJuly 2, 2014 10:37 am
BMW intends to make a $1 billion investment in a new plant situated in Mexico, a person with direct knowledge of the issue said, as exporting production of cars to the country has become the newest currency price hedge for German car manufacturers. The company refused to make any comments on its plans or disclose […]
Read moreJuly 2, 2014 8:59 am
Nestle SA announced in a statement that it plans to start manufacturing capsules under the brand Coffee-Mate that are compatible with the U.S.-based machines of Keurig Green Mountain Inc. According to their joint statement, the two companies intend to start selling the capsules on the territory of the U.S. in autumn 2014. The announcement of […]
Read moreJuly 2, 2014 7:49 am
Google Inc. announced it will acquire the startup Songza Media Inc. in an attempt to boost its music services and better compete with its main rival Apple Inc. Neither one of the companies, however, revealed the price of the takeover. Google commented on the services provided by Songza in the announcement, which was cited by […]
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