November 26, 2014 10:38 am
Apple Inc reached a market capitalization of more than $700 billion during the morning trading session on Tuesday, double the value compared to 2011 when Tim Cook was appointed as CEO. In August Apple passed the $100 level and pushed further, reaching several consecutive highs thanks to the built up hype around the release of […]
Read moreNovember 26, 2014 10:25 am
According to a regulatory filing posted today, the largest mobile-phone manufacturer in the world – Samsung Electronics Co. – will buy back a total of 1.65 million common and 250 000 preferred shares, which are estimated to KRW2.19 trillion ($2 billion). The regulatory filing comes at a moment when the parent group of the South […]
Read moreNovember 26, 2014 8:38 am
Hewlett-Packard Co. made an official statement that there was a decline in its printing, services and enterprise units during the fourth quarter of the fiscal year. According to Hewlett-Packard, growth was registered only in its personal-systems group in the three months ended on October 31st. The U.S.-based company said that its total sales declined by […]
Read moreNovember 25, 2014 4:07 pm
News Corp, owned by Rupert Murdoch, bought a minority share in the Indian property website PropTiger.com, as the first deal to come in an acquisition-spree in Indias developing e-commerce sector. “We see a big digital opportunity in India, where digital use is booming and demographics are favourable, and this is the first stage of that” […]
Read moreNovember 25, 2014 3:01 pm
Honda made an official announcement that it failed to report more than 1 700 claims of injury or death cases related to its cars to U.S. regulatory authorities. This is considered one of the largest violations in the history, which could result in a fine estimated to $35 million. The Executive Vice President of Honda […]
Read moreNovember 25, 2014 2:26 pm
Tencent Holdings Ltd, the Chinese internet gaming and social media group, is teaming up with Time Warners HBO network to distribute its TV series to online viewers in China. However, HBOs TV shows, including Game of Thrones, Boardwalk Empire and True Blood, are known for their provocative content and may attract the attention of China’s […]
Read moreNovember 25, 2014 12:51 pm
Sony Corp released an updated view of its electronics businesses financial targets for the 2018 fiscal year, betting on strong performance of the PlayStation 4. The company projected revenue from its video game segment to range between ¥1.4 trillion and ¥1.6 trillion in the fiscal year ending March 31, 2018, an increase compared to the […]
Read moreNovember 25, 2014 10:43 am
The third-biggest bank in the U.S. – Citigroup Inc. – was imposed a fine of $15 million by the Financial Industry Regulatory Authority as it failed to monitor research analysts and the way they have been operating with material non-public information. The Executive Vice President of Finra’s Office of Fraud Detection and Market Intelligence – […]
Read moreNovember 25, 2014 10:23 am
Tesla Motors Incs CEO Elon Musk told the German weekly magazine Der Spiegel that the electric car manufacturer is negotiating with BMW over a probable co-operation in batteries and lightweight components. In an interview published on Sunday, Mr. Musk said that the two companies have engaged in talks about a potential collaboration in developing battery […]
Read moreNovember 25, 2014 8:31 am
United Technologies Corp. made an official announcement that its Chief Executive Officer, Louis Chenevert, has decided to leave the company. The statement comes at a time when the U.S.-based company is facing difficulties to increase growth in some of its major divisions. The announcement also comes right ahead of the companys investor meeting, which is […]
Read more