December 1, 2014 12:19 pm
E.ON SE, Germanys biggest utility by market value, said it would split into two companies, spinning off its fossil fuel and nuclear generation power plants into a new company while turning its attention to renewable energy sources. The new publicly listed company would consist of E.ONs conventional generation, global energy trading, and exploration and production […]
Read moreDecember 1, 2014 10:24 am
Altice SA announced that it has started exclusive negotiations to acquire the Portuguese assets of Oi SA. The price of the deal is estimated to about €7.4 billion ($9.2 billion). The bid of Mr. Patrick Drahis company is considered to fend off a competitive acquisition offer made by Apax Partners LLP and Bain Capital LLC. […]
Read moreDecember 1, 2014 9:13 am
The pilots union said in a written statement that pilots at the largest airline in Europe, Deutsche Lufthansa AG, are expected to go on strike. The walkouts come after the failure of the retirement benefits negotiations and will ground more than 1 000 passenger flights and some cargo transport out of the country on December […]
Read moreNovember 30, 2014 9:58 am
According to a report, one of the official representatives of Samsung Electronics Co. revealed that the company is planning to delay the launch of its Galaxy A lineup in China from November to December 2014. The company is said to be currently facing some headwinds producing its new metal-clad Galaxy A product line. A representative […]
Read moreNovember 29, 2014 11:17 am
Novartis AG announced that an accelerated review by the European authorities has been granted to a new drug for treating heart failure, improving its chances for getting a regulatory approval in Europe within 2015. The Committee for Medicinal Products for Human Use, part of the European Medicines Agency which reviews drugs and makes recommendations related […]
Read moreNovember 28, 2014 3:30 pm
ThyssenKrupp AG unveiled a design for the worlds first cable-free elevator that utilizes magnets and can move in both horizontal and vertical line. Describing its creation as the “holy grail of the elevator industry”, the German steel and technology conglomerate said the new system would enable multiple elevators to use the same shaft. The implemented […]
Read moreNovember 28, 2014 1:43 pm
Rio Tinto Plc, the world’s second-biggest mining company, has not detoured from its plan to deliver increased dividends, after it rebuffed a takeover offer earlier this year from Glencore. The company, one of the leading iron ore producers, also announced it deferred plans to invest in Australias Silvergrass mine until “at least the third quarter […]
Read moreNovember 28, 2014 12:28 pm
The second-biggest oil producer on the territory of Russia, NK Lukoil OAO, said that its project in Iraq, called West Qurna-2 is starting to pay off. According to the companys statement, the project has helped the Russia-based company add $1.25 billion to its earnings during the third quarter of the fiscal year. The beneficial impact […]
Read moreNovember 28, 2014 12:17 pm
Germanys biggest power utility E.ON SE has agreed to sell its Spanish operations to Australian infrastructure investor Macquarie Group and Kuwait’s sovereign-wealth fund. Under a plan to withdraw its operations from Southern Europe’s electricity market, E.ON has agreed to sell 60% of its Spanish assets to Macquarie and 40% to Wren House Infrastructure Management, which […]
Read moreNovember 28, 2014 8:54 am
Uber Technologies Inc. has been forced to temporarily suspend its service in Nevada because of a state court ruling, marking the first statewide ban, which the company has faced in the U.S. A preliminary injunction was issued by the court and prevented the U.S.-based company from its statewide operations across the state. The injunction was […]
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