March 24, 2014 3:12 pm
Sinopec (China Petroleum & Chemical Corp.), which is currently known as the largest refiner in Asia, officially announced that its first shale-gas field will be put into commercial operation sooner than expected. The company expects its output to reach 10 billion cubic meters a year by 2017. It also became clear that Sinopec plans to […]
Read moreMarch 24, 2014 2:12 pm
People with knowledge of the process reported that Apple Inc. is currently in negotiation with Comcast Corp. over a deal for a streaming-television service, which would use Apples set-top boxes and provide them with the opportunity to bypass congestion on the web. One of the people explained that the companies are not close to reaching […]
Read moreMarch 24, 2014 1:14 pm
Herbalife Ltd made an official announcement today, saying that it had agreed to nominate three of the people proposed by Carl Icahn to the companys board only a few days after its annual meeting. The nomination comes after the opening of a probe into Herbalife by the Federal Trade Commission, which has sent a demand […]
Read moreMarch 24, 2014 11:38 am
Cisco Systems Inc., which has been mainly focused on networking hardware market, officially announced that it plans to start offering the so-called “cloud computing” services to corporate customers by entering the cloud computing market, which is currently dominated by Amazon.com Inc., the largest online retailer in the world. The company said that it intends to […]
Read moreMarch 24, 2014 9:42 am
Nokia Oyj announced that the planned 5.44-billion-euro (7.5-billion dollar) sale of its mobile-phone division to Microsoft Corp. is going to be delayed as the companies are waiting for the Asian regulators approval for the transaction. Still, both companies confirmed that they remain committed to the deal and are confident that the transaction will be finalized. […]
Read moreMarch 24, 2014 9:28 am
Britain’s FTSE 100 index fell in early European trade on Monday after a weak showing in New York on Friday and downbeat overnight manufacturing data from China that spurred fears of economic slowdown, which is expected to drag on the regions stock markets. Upbeat Eurozone manufacturing and services PMIs provided support. Investors also eyed upcoming […]
Read moreMarch 24, 2014 8:41 am
Volvo AB announced that it plans to double its marketing budget in the U.S. in an attempt to bring a new life to its stumbling business in the region that has been suffering over the last five years. An action plan, which consists of four points, has been proposed by the Chief Executive of the […]
Read moreMarch 23, 2014 9:01 am
On Friday German shares advanced for a sixth consecutive day, which marked the longest streak of gains since September last year, as Euro zones consumer confidence surpassed preliminary estimates in March. On the Frankfurt Stock Exchange the DAX Index (DAX) closed at 9,342.94 on March 21st, rising 0.50%. The index of blue chip stocks has […]
Read moreMarch 22, 2014 8:29 am
One day after Netflix CEO Reed Hastings shared the company’s opinion that broadband companies should not violate the principle of net neutrality and called for free interconnection, particularly citing Comcast, AT&T retaliated against Netflix, calling the proposition of the content providers CEO arrogant. Netflix CEO Reed Hastings said in a blogpost on Thursday: “Without strong […]
Read moreMarch 21, 2014 2:27 pm
Nike Inc., which is the largest sports wear brand in the world, warned that its sales growth during the quarter that is to end in May 2014 may turn out to be lower than initially expected due to a stronger US dollar which has cut the value of Nikes international profit and revenue. The companys […]
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