December 23, 2014 3:39 pm
Walgreen Co, the biggest US drugstore chain by revenue, reported Q1 results above analysts expectations, boosted by cost cuts and robust pharmacy sales. For the first quarter ended November 30, Walgreen stated a 6.7% yearly increase in sales to $19.6 billion, helped by a company record of 222 million filed prescriptions, or 4.3% more compared […]
Read moreDecember 23, 2014 2:22 pm
Google Inc. revealed its driverless car’s first finished prototype. The car’s design is not so different from the one the company first unveiled in May this year, but this new one is fully functional. The new undertaking of the company comes at a moment when Google is putting efforts into expanding reach outside its major […]
Read moreDecember 23, 2014 1:36 pm
Thorntons Plc announced on Tuesday that its full-year earnings are expected to decrease compared to last years as the British chocolate maker faces difficulties in its UK commercial channel. The company said it had experienced a “significant reduction” in expected orders from major grocers in the run-up to Christmas. Alfreton, England-based Thorntons, with customers like […]
Read moreDecember 23, 2014 10:46 am
The proposed $45-billion merger of Comcast Corp. with Time Warner Cable Inc. has once again been delayed. This time the postponement of the deal occurred, as Time Warner Cable failed to provide the Federal Communications Commission with the required documents on time. A spokesperson of Comcast, Sena Fitzmaurice, said in an e-mailed comment on the […]
Read moreDecember 23, 2014 10:38 am
Telstra Corp Ltd agreed to acquire subsea cable operator Pacnet Ltd as Australias largest telecoms company boosts its operations in Asia. The acquisition of Singapore and Hong Kong-based Pacnet outlines revitalized interest in Asia from cash-rich Telstra, which disposed of its Hong Kong mobile business last year. Telstra is one of the few companies which […]
Read moreDecember 23, 2014 10:31 am
Alstom SA pleaded guilty and agreed to pay a total of $772 million in order to end an investigation carried out by the U.S. Justice Department over a “widespread” bribery scheme to win energy contracts in Indonesia and the Middle East. The Chief Executive Officer of Alstom, Patrick Kron, said in a statement, cited by […]
Read moreDecember 22, 2014 4:13 pm
NK Rosneft’ OAO reported that a total of $7 billion in debt was repaid. The company also said it is generating enough profit in order to meet its obligations related to the $55-billion purchase of TNK-BP in 2013. Rosneft claimed its ambitions to become the biggest traded oil producer worldwide. A total of $25 billion […]
Read moreDecember 22, 2014 3:51 pm
Denmarks high-quality consumer electronics manufacturer Bang & Olufsen A/S projected lower full-year 2014/2015 earnings due to supply-chain issues. B&O said that ramp-up issues in its production had higher-than-expected negative impact on new product releases, costs and profit margins. It now expects an operating loss for the full-year, compared to its previous guidance of positive earnings […]
Read moreDecember 22, 2014 1:06 pm
Home improvement group Kingfisher Plc announced on Monday it had agreed to sell a controlling 70% stake in its unprofitable B&Q China business for £140 million. The all-cash deal with Wumei Holdings marks the end of a nine-month search for a domestic partner by the UK company. The agreement is subject to regulatory approval by […]
Read moreDecember 22, 2014 12:16 pm
Fosun International Ltd revealed that it made another offer for Club Meditarranee SA, which extended the deadlock between the parties. The step also emphasized on the China-based conglomerate’s determination to win the long-lasting takeover battle for the French resort company. According to the announcement, the bid is made in collaboration with some partners of Fosun […]
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