December 29, 2014 1:12 pm
Roche Holding AG announced that its Ebola test virus got approved by US health regulators and it would be used in emergencies to fight the deadly disease outbreak in West Africa. The Swiss drugmaker said that the US Food and Drug Administation has authorized the use of its LightMix Ebola Zaire rRT-PCR Test on patients […]
Read moreDecember 29, 2014 10:56 am
Audi, Volkswagen AGs premium-car brand, said that it plans to boost investments in technology development and the expansion of production by €2 billion to a total of €24 billion ($29 billion) over the next five years as it tries to globally outsell BMW, the leader in luxury-car sales. “We are making large investments in the […]
Read moreDecember 29, 2014 10:51 am
Zalando SE, Europe’s biggest online retailer, shifts poor-selling products to its brick-and-mortar outlets as the end of the holiday shopping craze approaches. Germany’s Zalando offers discounts of up to 70% for its low-demanted items that the six-year-old company took down from its website and moved to one of its two large warehouses in Frankfurt and […]
Read moreDecember 29, 2014 9:42 am
After the Chinese government officially announced on Friday that it was approaching a settlement of its antitrust investigation of the U.S.-based mobile chip manufacturer Qualcomm Inc., now the settlement is likely to make the global close monitoring over the company and its highly beneficial patent licensing operations even more serious. The U.S.-based Qualcomm refused to […]
Read moreDecember 29, 2014 9:11 am
Sony Pictures “The Interview” generated more than $15 million after it was released last Wednesday for online viewing, despite threats of cyber attacks. The controversial comedy, starring Seth Rogen and is about a television host who gets an interview with Kim Jong Un and is later recruited by the CIA to assassinate the North Korean […]
Read moreDecember 28, 2014 6:43 pm
LG Electronics said that prosecutors raided its headquarters in Seoul on Friday amid accusations that executives from the South Korean company damaged rival Samsungs products while attending a trade fair in Germany. Samsung claims that LG employees, including Jo Seong-jin, president of the companys home appliance division, vandalized several of its premium washing machines, which […]
Read moreDecember 27, 2014 12:55 pm
Amazon.com Inc announced on Friday that it had expanded its Prime customer base with more than 10 million new members during the holidays. Prime members, who pay $99 a year in order to get unlimited free two-day shipping, are projected to spent twice as much as regular members and Amazon considers them vital to its […]
Read moreDecember 26, 2014 11:30 am
RadioShack Corp has picked up the pace in store closures in line with its plan to reduce size, but the struggling electronics retailer is a long way from done. RadioShack has shut down more stores in the past two months compared to the rest of the year, however, it has only eliminated one fifth of […]
Read moreDecember 25, 2014 3:48 pm
Sony Pictures Entertainments “The Interview” was made available for online viewing on platforms, including Google Play, Youtube, Microsofts Xbox video and a dedicated Sony website, and will be released in around 300 cinemas around the US on Christmas day. Last week Sony pulled out the title after the biggest US cinema chains said that they […]
Read moreDecember 24, 2014 9:50 am
Coca-Cola Co intends to trim its workforce by at least 1 000 to 2 000 employees globally in line with its cost-cutting $3-billion plan announced in October, after the beverage maker posted disappointing results for the third quarter. Under its plan Atlanta-based Coca-Cola will be undertaking its largest employee lay off in 15 years during […]
Read more