May 30, 2014 1:45 pm
The Chief Executive Officer of Siemens AG – Mr. Joe Kaeser announced at a webcast conference that the company, which is currently the biggest engineering enterprise on the territory of Europe, will cut at least 11 600 jobs. The step is needed, because the company attempts to reduce its expenses by about 1 billion euros […]
Read moreMay 30, 2014 12:47 pm
Reliance Industries Ltd., which is owned by Mr. Mukesh Ambani, said in an exchange filing that it has reached an agreement to purchase the Indian partner of Viacom Inc. The deal, which is estimated to 40 billion rupees (678 million dollars) is expected to provide Reliance Industries with a huge library of both news and […]
Read moreMay 30, 2014 11:38 am
Google Inc. launched a special service and formed an Internet committee of experts in order to provide its European customers with the opportunity to make requests for removing certain materials. This is the first step the company makes in order to comply with the court ruling related to the “right to be forgotten”. One of […]
Read moreMay 30, 2014 9:52 am
Cheniere Energy Inc., which is on the way to becoming the first company that exports liquefied natural gas produced over the shale boom in the U.S., is facing a record growth after regulatory proposal to make the projects approval procedure simpler. Currently, Cheniere is the only company, whose liquefied natural gas project has been approved […]
Read moreMay 30, 2014 8:41 am
The largest auto manufacturer in India – Tata Motors Ltd made an official statement yesterday, revealing its fourth quarter results. The companys profit for the period missed analysts estimates due to losses in Tatas local business that eroded the gains generated from its Jaguar Land Rover business. As reported by the Wall Street Journal, the […]
Read moreMay 30, 2014 7:25 am
Ford Motor Co., the second-largest auto manufacturer in the U.S., made an official statement today, revealing that it is to recall about 1.1 million sport-utility cars in North America in order to repair sensor and electronic flaws. The vehicle withdrawal is being made for the company to replace parts like torque sensors and steering columns […]
Read moreMay 29, 2014 1:44 pm
According to Frank Lowy, founder of the largest shopping mall operator in Australia, Westfield Group should separate its global and local businesses. Mr. Lowys plan is to divide the businesses into two separate companies, but his proposal was delayed by the board of Westfield Retail Trust (WRT) because the plan is said to have greatly […]
Read moreMay 29, 2014 11:59 am
Costco Wholesale Corp., the biggest US warehouse-club chain announced its results for the third quarter of the current financial year. The company, which sells a variety of products, including groceries and other items in bulk, made an official statement, posting its profit for the three months ended May 11 that missed analysts expectations despite the […]
Read moreMay 29, 2014 9:47 am
The biggest publicly traded hedge-fund manager in the world – Man Group Plc made an official statement today, revealing that it is currently negotiating with Numeric Holdings LLC. The company, however, explained in its announcement that the talks are still “ongoing” and may not result in finalizing a deal. Numeric was founded in 1989 by […]
Read moreMay 29, 2014 8:25 am
Apple Inc. officially announced that it managed to reach an agreement over the acquisition of Beats Electronics LLC. The deal is estimated to 3 billion dollars and is considered its largest one so far. Both companies confirmed that the founders of Beats Electronics – Dr. Dre and Jimmy Iovine will join Apple Inc.s team. The […]
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