December 17, 2014 9:49 am
General Electric Co. projected that profit at its industrial divisions will increase by at least 10% next year. The outlook was found surprising by some analysts, considering the fact that the U.S.-based company has been affected by the sharp decline in oil prices. Chief Executive Officer Mr. Jeffrey Immelt said for NBC: “We’ve done what […]
Read moreDecember 17, 2014 8:19 am
Apple Inc. discharged of a lawsuit estimated to $1 billion after a jury ruled in favour of the U.S.-based tech giant in a case filed by some iPod users, who claimed that the company violated antitrust laws by suppressing competition through some software updates for the mobile device. The jurys decision was unanimous. Apple said […]
Read moreDecember 16, 2014 4:02 pm
Standard Chartered PLC agreed to sell its consumer finance units in Hong Kong and Shenzhen in line with the UK-based lenders plan to dispose of non-core businesses. The consortium which is buying Standard Chartereds PrimeCredit, includes the US hedge fund York Capital Management, the non-bank lender Pepper Australia Pty and it is led by China […]
Read moreDecember 16, 2014 1:56 pm
McDonalds Holdings Co (Japan) Ltd announced it would offer only small-sized frech fries for the near future as the fast-food chains supplies of potatoes are nearly depleted due to import delays. The prolonged labor dispute between 20 000 dockworkers and the Pacific Maritime Association has played its part in the major delays that started in […]
Read moreDecember 16, 2014 1:01 pm
BT Group revealed that it started exclusive negotiations over the acquisition of the British wireless joint venture of Deutsche Telekom AG and Orange SA, called EE. The value of the deal, which has been discussed over the talks, amounted to £12.5 billion ($19.5 billion). BT also said that the period of exclusive talks is expected […]
Read moreDecember 16, 2014 11:01 am
Repsol SA, the biggest energy company in Spain, reached a deal to purchase oil company Talisman Energy, in an attempt to boost its oil reserves and output. Under the agreement Repsol will acquire 100% of the Canadian company for $8.3 billion, or $8 per Talisman stock. The per-share price represents a 24% premium to the […]
Read moreDecember 16, 2014 9:30 am
The biggest plane manufacturer in the world – Boeing Co. – emphasized on its confidence by announcing a 25% increase in quarterly dividend payments, while also expanding its share-repurchase program to $12 billion, making it the largest one in its entire history. The buyback takes the place of a $10-billion program, which was implemented in […]
Read moreDecember 16, 2014 9:05 am
Google Inc. is facing another round of European fines after the data regulatory authorities in the Netherlands issued an ultimatum to the company, commanding it to improve its renovated privacy policy. The company, which is an owner of the largest search engine in the world, may be imposed a fine estimated to about €15 million […]
Read moreDecember 15, 2014 3:45 pm
Johnson Matthey PLC is selling its gold and silver refineries for £118 million as the company shifts its attention to its core chemicals and technology operations. Japan’s Asahi Holdings will take control over the plants in Salt Lake City, USA and Brampton in Canada, which employ around 340 people. Those facilities melt down old jewelry, […]
Read moreDecember 15, 2014 3:28 pm
The UberPop car service of Uber Technologies Inc. is to be banned by France only three days after a bid to block the companys smartphone application was rejected by a Paris judge. The ban is to take effect on January 1st 2015. Currently the U.S.-based company has about 500 000 regular customers in France, and […]
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