June 12, 2014 9:19 am
BNP Paribas SA made an official statement on its website, revealing that it Chief Operating Officer Mr. Georges Chodron de Courcel will leave the company at the end of this month. According to the companys statement, Mr. de Courcel is to step down June 30th at his own request. His decision takes place a few […]
Read moreJune 12, 2014 8:52 am
Nintendo Co. Ltd revealed the first glimpse at interactive figurines of some of its most popular characters, including Mario and Pikachu, at the video gaming expo E3. The company is seeking to boost the sales of its Wii U console, which has failed to reach initial analysts sales growth estimates. The company has obviously decided […]
Read moreJune 12, 2014 8:00 am
Caterpillar Inc. announced that it made a decision to increase its quarterly dividend to 70 cents per share. The dividend raise represents a 17% increase. Mr. Doug Oberhelman, the current Chairman and Chief Executive Officer of Caterpillar Inc. made a news release, which was cited by the Wall Street Journal: “Despite business and economic uncertainties […]
Read moreJune 12, 2014 7:36 am
Infosys Ltd, the second-biggest software and outsourcing company by sales in India, made an official statement revealing that Mr. Vishal Sikka was named as Chief Executive Officer at a time when the company is seeking to snap the series of four consecutive years of narrowing margins. Mr. Sikka is to succeed Mr. S.D. Shibulal and […]
Read moreJune 11, 2014 2:32 pm
J Sainsbury Plc reiterated its forecast that its same-store sales growth will resume later this year, as the company deals with price reductions made by its competitors by concentrating on fresh produce and premium own-brand food. Mr. Justin King, who is the departing Chief Executive Officer of the company said in its statement that was […]
Read moreJune 11, 2014 1:02 pm
The worlds biggest clothing retailer by sales – Industria de Diseno Textil SA (Inditex SA) posted a first quarter profit that surpassed the analysts estimates. The satisfactory performance was manly due to the fact the company imposed control on its expansion costs by betting on e-commerce when it comes to increasing its growth. According to […]
Read moreJune 11, 2014 12:10 pm
The shares of Deutsche Lufthansa AG decreased the most since the 9/11 terror attacks after the company reduced its profit forecasts for this year by as much as 33%. The profit warning is due to the ongoing employees strikes and amid ever increasing competition from state-owned Gulf carriers. As the company itself explained, the Gulf […]
Read moreJune 11, 2014 9:45 am
Airbus Group NV said in a statement today that its largest buyer of superjumbos from the A380 series – Emirates, cancelled its entire order for A350 aircraft, which amounted to 16 billion dollars at the time when the deal was negotiated and is estimated at 21.6 billion dollars at current prices. This is considered a […]
Read moreJune 11, 2014 8:18 am
Ford Motor Co. made an official statement, revealing that it intends to manufacture its next generation of the Fiesta small car model in Cologne, Germany. According to the company’s announcement, Ford has set a target to save about 400 million dollars on production expenses in the period from 2017 to 2021. As reported by the […]
Read moreJune 11, 2014 7:36 am
Google Inc. announced on its website that it is to purchase the satellite company Skybox Imaging Inc. in an all-cash deal that is estimated at 500 million dollars. According to the information published on the company’s website, the takeover is still subject to adjustments and is part of Google’s strategy to improve and expand Internet […]
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