December 22, 2014 10:44 am
Transfield Services Ltd fell nearly 18% in Sydney after the Spanish infrastructure group Ferrovial announced it has ceased negotiations with the Australian outsourcing and infrastructure services company. In its latest attempt for a takeover, Ferrovial offered a sweetened A$2 per share for Transfield. However, the board of the Australian company said the price “still does […]
Read moreDecember 22, 2014 10:32 am
Nissan Motor Co. Ltd, having the largest market share in Russia together with its partners Renault SA and OAO AvtoVAZ, announced that it has decided to stop taking orders for some of its vehicle models in the country. In addition, the company revealed that it intends to continue increasing the prices in case that the […]
Read moreDecember 21, 2014 8:50 am
Roche Holding AG shares fell by the most in over five years as the Swiss company reported discouraging results from a study of two of its newer breast cancer drugs, dubbed Marianne, curbing hopes for stronger sales in one of its major markets. According to the companys statement, the breast cancer drug Kadcyla did not […]
Read moreDecember 20, 2014 9:59 am
BlackBerry reported that revenue in the third fiscal quarter failed to reach analysts forecasts due to a steep drop in smartphone sales, signaling the companys difficulties to gain traction. Revenue declined by 34% to $793 million in the three months ended on November 29th, falling short of analysts projections for revenue of $931 million. Chief […]
Read moreDecember 19, 2014 3:45 pm
Samsung Electronics announced on Friday it plans to boost its full-year dividend payout by 30% to 50%, as an answer to investors calls for higher returns. The move comes after last months announcement that the South Korean company would buy back $2 billion worth of shares as a part of its restructuring program. The decision […]
Read moreDecember 19, 2014 1:34 pm
Air France KLM SA announced on Thursday it expects even lower 2014 earnings citing persistent weakness in long-haul markets and the impact of the 14-day pilot strike. The Paris-based company trimmed its projection for earnings before interest, taxes, depreciation and amortization by an additional €200 million to €1.5 billion to €1.6 billion. This is the […]
Read moreDecember 19, 2014 12:45 pm
Google Inc. shared its concern that state attorneys were made by the Motion Picture Association of America to put the company under pressure over anti-piracy efforts. This move is considered a sign of bringing the tensions between Silicon Valley and Hollywood over a proposed anti-piracy law in the U.S. in 2011. According to Google, the […]
Read moreDecember 19, 2014 10:57 am
Frances Atos SE agreed to purchase Xeroxs information technology outsourcing business in an €840 million ($1.05 billion) all cash deal, heavily boosting its presence in the US. “Increasing our position in the US is a major step in the completion of our three year strategic plan and responds to a strong demand from our global […]
Read moreDecember 19, 2014 10:06 am
Samsung Electronics Co. announced that it will cease support for its mobile-messaging chat service ChatOn early next year after heavily promoting the application in recent years. The ChatOn application was officially released three years ago and is currently available in 237 countries, supports 67 languages, and is run across several platforms, including Android, iOS, BlackBerry, […]
Read moreDecember 19, 2014 9:13 am
Chevron Corp. revealed in a letter to the National Energy Board of Canada that it has decided to “indefinitely” cease plans to drill for oil in the Arctic Beaufort Sea. The companys choice was explained to be due to the lack of certainty in the projection of crude prices. The company owns two licenses that […]
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