January 5, 2015 3:49 pm
BP is expected to report a significant loss in the fourth quarter for its stake in Russias Rosneft as performance was hurt by plunging oil prices and weaker ruble. Marking its first loss in Russia, BP is on its way to report a Rosneft loss of up to $750 million, City analysts projected. The negative […]
Read moreJanuary 5, 2015 2:02 pm
Hewlett-Packard Co. is entering the 2015 International CES tech trade show in Las Vegas with the presentation of three new types of displays. The new companys products include curved displays, virtual reality displays, and 4K and 5K high-definition displays. The Director of commercial displays in the company, Ann Lai, said in a statement, cited by […]
Read moreJanuary 5, 2015 1:16 pm
NASDAQ OMX Group Inc is buying private Dorsey Wright for $225 million in line with the exchanges plan to diversify its business. “We see ourselves as a major player in the index space,” said Adena Friedman, president of global capital access, technology and insights at Nasdaq, cited by the Financial Times. “We believe this is […]
Read moreJanuary 5, 2015 10:53 am
The Allied Pilots Association union approved American Airlines final offer late Saturday and paved the way for an immediate 23% pilot wage hike. After the unions board agreed to the five-year deal, which also include an annual increase, the accord is now set to be voted later this month by the unions 10 000 American […]
Read moreJanuary 5, 2015 10:18 am
The China Automobile Dealers Association announced that Bayerische Motoren Werke AG agreed to pay 5.1 billion yuan ($820 million) to its distributors located in China. The payment will be used to cover their losses after the retailers stopped making orders for cars from the manufacturer. According to the statement of Deputy Secretary General of China […]
Read moreJanuary 5, 2015 8:40 am
The OnStar service provided by General Motors Co. intends to start providing retailers with the opportunity to reach customers in a more direct way while the latter are driving. The company revealed a new service at the Consumer Electronics Show, which took place in Las Vegas. The President of The Priceline Partner Network, Randy Schartner, […]
Read moreJanuary 4, 2015 1:10 pm
Italian businessman Andrea Bonomi announced on Friday that he is backing down from the bid war for control over the resort operator, ending the longest takeover battle in French history. Global Resorts, controlled by Mr. Bonomi, officially gave up on the 18-month bid war with the Chinese group Fosun International, five days ahead of the […]
Read moreJanuary 3, 2015 4:42 pm
The UK claims processor Quindell PLC said on Friday is considering a division sale as an attempt to generate more cash. “The group is in early discussions with a range of parties interested in exploring possible transactions with the group relating to a number of its operating businesses,” the company said in a statement. However, […]
Read moreJanuary 2, 2015 12:09 pm
Novartis AG announced on Thursday it had completed the $5.4-billion sale of its animal-health division to Eli Lilly & Co. The closing of the deal is in line with the April-announced plan of the Basel-based drug giant to focus Novartis effort on its three leading businesses of global scale: innovative pharmaceuticals, eye care, and generics. […]
Read moreJanuary 1, 2015 3:11 pm
Samsung Electronics Co, the worlds largest TV manufacturer, announced on Thursday that its self-developed Tizen operating system will be largely implemented in its television sets starting 2015. Samsung has been working with Inter Corp. for years over the creation of the operating system, which was initially intended to work on smartphones and replace Google Incs […]
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