March 4, 2014 10:28 am
Ivan Glasenberg – the Chief Executive Officer of Glencore Xstrata Plc, which currently is the fourth-largest mining company in the world, announced that the company is still negotiating with the Chinese bidder Minmetals Corp. over an asset, which has been estimated to more than 5 billion dollars. Today the company also posted a 20% increase […]
Read moreMarch 4, 2014 9:40 am
Fiat Chrysler Automobiles NV launches a compact sport-utility vehicle at the Geneva International Motor Show today. The responses to the vehicle are considered to be critical for the alliance of Fiat SpA and Chrysler and their new model – the Jeep Renegade, which is to be manufactured in Italy, in the production plant of Fiat […]
Read moreMarch 4, 2014 8:52 am
Apple Inc. announced that it plans to bring its mobile operating system to automobiles by the end of 2014. The company said that the vehicles in-dash display will be connected with iPhone via a new CarPlay system, which will provide drivers with the opportunity to access the maps, music and messages on their iPhone device. […]
Read moreMarch 4, 2014 7:43 am
According to people familiar with the matter, Satya Nadella, who is newly appointed to the position of Chief Executive Officer of Microsoft Corp., is putting his efforts into shaping the companys team to his liking. Mr. Mark Penn is said to be appointed as Microsofts new Chief Strategy Officer. On Monday, Chief Executive Officer Nadella […]
Read moreMarch 3, 2014 12:30 pm
Royal Bank of Scotland will become the latest European lender to reduce its assets in the United States as a result of the Federal Reserves newly imposed regulations, several days after RBS posted its biggest full-year loss since its bailout in 2008, which marked its sixth straight year in the red. Royal Bank of Scotland […]
Read moreMarch 2, 2014 12:30 pm
Shares of United Continental Holdings Inc. (UAL) tumbled after the company projected a key revenue indicator may decrease during the first quarter, as severe weather has led to the cancellation of over 22 500 flights. Revenue for each seat flown per mile is expected to drop by 0.5% to 2.5% in comparison with a year […]
Read moreMarch 1, 2014 10:46 am
Apple Incs Chief Executive Officer Mr.Tim Cook gave away a hint at the companys annual meeting on Friday that Apple is stepping up its ambitions in the TV market as the company seeks new sources of growth at times of tough competition on the smartphone scene in the face of its main rival Samsung and […]
Read moreFebruary 28, 2014 2:08 pm
People familiar with the matter said that Ford Motor Co. has made a decision to abandon the use of Microsoft Corp.s Windows for its Sync mobile-phone multimedia software and switch to BlackBerrys QNX software, which is scheduled to be put into use in 2016. The same people said that such a step is considered to […]
Read moreFebruary 28, 2014 12:27 pm
International Consolidated Airlines Group SA made an official statement today, revealing a 2013 operating profit before one-time items, which is estimated to 770 million euros (1.1 billion dollars). The upbeat result is based on an income boost at the companys business in the U.K., as well as a successful recovery plan that was used by […]
Read moreFebruary 28, 2014 10:27 am
Bayer AG posted its profit for the fourth quarter of 2013, which increased by 24% and reached 455 million euros but was still well bellow analysts estimates of an average 626 million euros. As reported by the Wall Street Journal, the increase was partly due to litigation expenses during 2012s last quarter. The adjusted profit […]
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