December 31, 2014 12:04 pm
BMW AG faces difficulties to maintain a healthy relationship with its China dealers as more car distributors threaten to not purchase any new vehicles unless the German auto giant decrease its sales target and offer subsidies. According to executives at two BMW dealerships, the car sellers will stop taking BMW vehicles starting as early as […]
Read moreDecember 30, 2014 3:17 pm
In a regulatory filling on Monday Shake Shack Inc said it is looking to raise a place holder amount of $100 million, more than 10 years after the restaurateur Danny Meyer opened its first location in New York. The company has gone a long way since Mr. Meyer set up a single hog dog cart […]
Read moreDecember 30, 2014 1:46 pm
The fifth-largest auto manufacturer worldwide, Hyundai Motor Co., plans to build two more factories in China in collaboration with its local partner BAIC Motor Corp. This step would expand the company’s output in the country by about 57% and is part of Hyundai’s efforts to meet customers’ demand in the largest market of the auto […]
Read moreDecember 30, 2014 1:06 pm
TalkTalk Telecom Group Plc is set to purchase Tescos unprofitable Blinkbox and the deal is expected to be announced next week when Tescos CEO Dave Lewis unveils its new strategy plan. In his attempts to turn around the struggling UK retailer, Mr. Lewis is planning to dispose of the online video streaming service, according to […]
Read moreDecember 30, 2014 10:53 am
Fiat Chrysler Automobiles NV announced the withdrawal of almost 67 000 older-model pickup trucks due to alleged clutch issues which have been associated to one death case. The models include Fiat Chrysler’s Dodge and Mitsubishi pickups, which were manufactured in 2006 and 2007. The death was confirmed by the company to have resulted by the problem. […]
Read moreDecember 30, 2014 10:11 am
The email service of Google Inc. – Gmail – was blocked in China through third-party applications. This step made Gmail part of the other services of the U.S.-based company, which have been banned in China, currently the largest Internet market worldwide. The State Internet Information Office of China did not respond to the requests for […]
Read moreDecember 30, 2014 10:10 am
BAE Systems PLC unveiled intentions to double its customer base as Europes largest defense company plans to sell its NetReveal anti-tax evasion software to several of Europes governments. “Digital defense is the new frontier. It is a reality now,” said George Robbins, senior director and general manager at NetReveal, cited by the Financial Times. “For […]
Read moreDecember 30, 2014 8:39 am
Walgreen Co. announced on Monday that after a special meeting shareholders gave the green light to the deal with Alliance Boots GmbH and the following switch to a holding company structure. Under the deal Walgreen, the largest US drugstore chain by revenue, will acquire the remaining 55% of Alliance Boots which it doesnt already own. […]
Read moreDecember 29, 2014 3:27 pm
A month after Caesars Entertainment Corp. inked an all-stock deal to merge with affiliate Caesars Acquisition Co, announced additional information related to its restructuring plan. Caesars Entertainment Operating Co. will be transformed into an operating and a property company, managed and owned by a real-estate investment trust. Earlier this month the company said it would […]
Read moreDecember 29, 2014 3:01 pm
Yahoo! Inc. has put its focus on generating growth on wearable and other mobile devices. The Senior Vice-President of its mobile division, Adam Cahan, explained that competitive wearable devices like Apple Watch, for example, offer a great opportunity for Yahoo in 2015. According to Cahan’s statement, such wearables could be considered as new territory for […]
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