March 6, 2014 12:58 pm
Vedanta Resources Plc announced that Mr. Tom Albanese was appointed to Chief Executive Officer of the company as a successor to Mahendra Singh Mehta, who is retiring. The new CEO of Vedanta is expected to take over the position on April 1st. Anil Agarwal, who is the Chairman of the company said for the Wall […]
Read moreMarch 6, 2014 9:35 am
Vivendi SA, which is the largest provider of media and telecommunication services in Europe, announced that it has received two offers for its SFR phone unit. The company has been recently planning to spin off the division in question as a part of its profound restructuring strategy, which is expected to provide the company with […]
Read moreMarch 6, 2014 7:56 am
Facebook Inc. announced that it is implementing new restrictions on guns promotions on the social network due to pressure by groups that are trying to prevent criminal activity. Facebook Inc. published a blog post, saying that posts of users that share their willingness to break the law, as well as ones that contain offers to […]
Read moreMarch 5, 2014 3:23 pm
The Chrysler division of Fiat SpA announced that it plans to cancel a request to the Canadian government for the retooling a minivan factory and an upgrade of another plant located in the country. The company prefers to finance its own projects instead of allowing political interference in its business. As reported by Bloomberg, Mr. […]
Read moreMarch 5, 2014 1:45 pm
The largest pension fund manager in the U.K. – Legal & General Group Plc – announced that it has increased its annual dividend by more than a fifth as its cash flow rose and L&G managed to post an increased operating profit. Legal & General Group Plc made an official statement today, saying that its […]
Read moreMarch 5, 2014 10:30 am
The largest retailer in France – Carrefour SA, announced that its 2013 earnings rose, while also revealing plans to increase spending in 2014. Over the last few years Carrefour SA was facing difficulties with its slumping business, which experienced prices going up-and-down, as well as heavy costs. As reported by Bloomberg, the company said in […]
Read moreMarch 5, 2014 9:45 am
Adidas AG, which is currently the second-largest sporting-goods manufacturer, announced today that it had managed to reduce its net loss in 2013 and increased its dividend. The companys profit for the fourth quarter of 2013 beat analysts estimates. The company also revealed that it expects higher sales in 2014, which would be “significantly impacted” by […]
Read moreMarch 5, 2014 8:31 am
Qualcomm Inc. is currently considered as the largest provider of mobile-phone chips. It sells both processor chips and wireless modems, but is known as a monopolist over the chips using fast networks, which are known as LTE. The company announced on Tuesday that it increased its quarterly dividend by 20% to 42 cents a share. […]
Read moreMarch 4, 2014 2:53 pm
According to an invitation sent by e-mail on Tuesday, Masayoshi Son, Chief Executive Officer of SoftBank Corp., is going to host a presentation to discuss “the state of Americas wireless communications industry and the competitive global landscape”. The presentation will take place in Washington on March 11th. SoftBank Corp. rose by 0.65% in Tokyo to […]
Read moreMarch 4, 2014 1:03 pm
RWE AG, which currently is the largest power generator in Germany, posted its first full-year loss since the Federal Republic of Germany was founded 65 years ago due to billion-euro writedowns as a consequence to the decreasing power prices. The company wrote in its annual report, which was cited by Bloomberg: “The difficult earnings situation […]
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