March 20, 2014 9:34 am
Britains FTSE 100 index opened lower and fell further on Thursday, tracking a drop in global equities overnight, after the Federal Reserve suggested its unprecedented bond-buying program will be brought to an end by the end of 2014 and a following interest rate hike will come earlier than expected. The UK blue chip index stood […]
Read moreMarch 20, 2014 8:45 am
Alibaba Group Holding Ltd has made a 215-million-dollar investment in TangoMe Inc. This step is considered quite beneficial for the companys access to the mobile-messaging competition and comes at a moment when Alibaba is preparing for an initial public offering in the U.S. as soon as April 2014. This is the companys largest investment into […]
Read moreMarch 20, 2014 7:20 am
BP Plc was reported as the highest bidder in the latest auction of acquiring drilling rights in the Gulf of Mexico. This happened less than a week after the US government lifted a 16-month ban on the company. BP was imposed a ban for signing contracts with the federal government in November 2012 after it […]
Read moreMarch 19, 2014 3:39 pm
FedEx Corp, which is currently the biggest cargo airline in the world, reduced its full-year profit forecast due to harsh winter weather that resulted in declining third-quarter results, which trailed analysts estimates. The company made an official statement, explaining that “unusually severe winter storms” during the quarter had caused damage to its operations and raised […]
Read moreMarch 19, 2014 1:58 pm
Bayerische Motoren Werke AG, which is currently known as the largest luxury cars manufacturer in the world, announced it is expecting “significant” profit growth this year due to the fact that some of its new and upgraded vehicle models seem to be able to reach record sales. Shares rallied to an all-time record. The German […]
Read moreMarch 19, 2014 12:50 pm
According to people familiar with the matter, the Board of PSA Peugeot Citroën has reached a unanimous decision of appointing Louis Gallois, who is a former Chief Executive Officer of Airbus Group NV, to the position of Chairman and a successor of Thierry Peugeot, who is stepping down. The board is also said to be […]
Read moreMarch 19, 2014 10:25 am
According to two people with knowledge of the situation, who asked not to be identified because the information is not public yet, Toyota Motor Corp. has reached a settlement to put an end to a criminal probe related to false or incomplete disclosures of safety issues in the U.S. Both the Manhattan offices of the […]
Read moreMarch 19, 2014 10:10 am
Sony Corp. is entering a brand new field of virtual reality devices as a part of its attempt to find a way to stand out from its rivals in the field of video games. The President of Sony Worldwide Studios – Shuhei Yoshida officially revealed a prototype of a virtual-reality headset called Project Morpheus at […]
Read moreMarch 19, 2014 9:55 am
Britains FTSE 100 index marked a minor daily decline on Wednesday after rising for two sessions. Prices opened slightly higher but edged lower in the course of trading. Market players abstained from entering big positions ahead of the outcome of FOMCs two-day policy meeting which concludes today. The UK blue chip index stood at 6 […]
Read moreMarch 18, 2014 2:18 pm
Hyatt Hotels Corp., which in February announced that its fourth-quarter revenue had doubled, is planning to open a luxury Park Hyatt in August 2014. The super-luxurious complex is going to be situated on 57th Street. It is supposed be a part of Hyatt Hotels Corp.s strategy for global expansion under the lead of CEO Mark […]
Read more