June 6, 2014 12:45 pm
The bookstore chain Barnes & Noble Inc. managed to reach an agreement sell colour tablets made by Samsung, co-branded with the chains Nook label. The companies made a joint statement about the deal, which is an open challenge to Amazon.com Inc. and Apple Inc. According to yesterdays statement, the new devices will combine the Nook […]
Read moreJune 6, 2014 12:11 pm
According to one of the largest shareholders, the Chief Executive Officer of Tesco Plc – Mr. Philip Clarke will need another 18 months to turn the company back to profit, after Tesco reported its worst sales growth in 40 years. The poor results provoked some of the U.K.s biggest grocery companys shareholders to call for […]
Read moreJune 6, 2014 9:20 am
The second-biggest wireless carrier in the world – Vodafone Group Plc posted its first law enforcement disclosure report, revealing that a total of 29 governments asked to get access to its network over a year. The report covers a period from April 2013 to March 2014 and emphasizes on the extent of the monitoring operations […]
Read moreJune 6, 2014 8:44 am
A person with knowledge of the negotiations reported that Bank of America Corp. is in talks to resolve probes into its management of mortgages ahead of the financial crisis. The bank is said to pay at least 5 billion dollars in relief to customers, as part of a proposed agreement. The sum in question is […]
Read moreJune 6, 2014 7:44 am
A person familiar with the process reported that the private equity firm KKR & Co. LP agreed to purchase a stake in the Chinese meat-processing division of Cofco Group through a group led by it, including Baring Private Equity Asia, Hopu Investment Management Co. and Boyu Capital. According to the person, the deal is estimated […]
Read moreJune 5, 2014 1:24 pm
International Business Machines Corp. made an official statement revealing that it reached an agreement to work in collaboration with the Shanghai Airport Authority. The alliance is expected to build a software system to assist it manage the Hongqiao International Airport. The company said in its statement that its cloud computing work in partnership with Shanghai […]
Read moreJune 5, 2014 12:31 pm
The shares of the biggest online-only fashion retailer in the U.K. – Asos Plc sharply decreased by as much as 42% in early trading Thursday, reducing its market value by about 1.7 billion pounds (2.9 billion dollars). This happened after the company warned that it expects its annual profit to be lower than initially projected, […]
Read moreJune 5, 2014 10:07 am
Henkel & Co. KgaA AG made an official statement today, announcing that it agreed to purchase Spotless Group SAS for 940 million euros (1.3 billion dollars). The deal for Spotless would be the largest deal of the companys Chief Executive Officer since taking the position in April 2008. This is Henkels second acquisition in a […]
Read moreJune 5, 2014 8:55 am
According to a person with knowledge of the process, General Motors Co. will reveal the results of its internal investigation into why it took more than ten years in order to withdraw potentially dangerous vehicles that are considered related to 13 fatal accidents. The person close to the company, who asked not to be named […]
Read moreJune 5, 2014 7:45 am
According to a person familiar with the process, Amazon.com Inc., which is currently the biggest online retailer, is considering to reveal a smartphone later this month. The step would be part of the companys strategy to get a larger piece of the highly-competitive mobile-device market. The company announced in a tweet that it is planing […]
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