November 20, 2014 9:24 am
Yahoo! Inc. managed to strike a five-year contract with Mozilla Corp., which would make it the default search engine on the Firefox browser in the U.S. This puts an end to the unprofitable partnership with Google Inc. The Chief Executive Officer of the company, Marissa Mayer, revealed in a statement, cited by Bloomberg: “At Yahoo, […]
Read moreNovember 20, 2014 8:23 am
Apple Inc will start distributing its iOS operating system-based devices with subscription to the music service it acquired from Beats, challenging the market leader in music streaming Spotify. According to people with knowledge of the matter, the implementation of the Beats service may start in March next year. Apple bought the headphone manufacturer earlier this […]
Read moreNovember 20, 2014 8:04 am
The largest mobile-phone chips manufacturer, Qualcomm Inc., said it intended to set foot at the lucrative server chips market and enter a fierce competition with Intel Corp. The company is to provide big data centres operators with server processors, which are based on a technology of ARM Holdings Plc that is widely used in mobile […]
Read moreNovember 19, 2014 4:02 pm
Alibaba Group Holding and Tencent Holding push further into entertainment as their top executives increased their stakes in a Chinese television and film production company. Huayi Brothers Media Corp introduced a plan to strengthen its relationship with Alibaba and Tencent by jointly producing movies in the future and said it will start distributing films through […]
Read moreNovember 19, 2014 3:45 pm
The biggest office-supply chain in the world, Staples Inc., revealed in a filing today that it is not able to “reasonably” estimate the potential losses and expenses it will probably be affected by. The company has recently been faced with difficulties, because of a possible credit-card data breach, which Staples disclosed in October. According to […]
Read moreNovember 19, 2014 2:28 pm
Royal Mail Plc reported a decreased first-half profit and alerted that Amazon.coms move to create its own delivery network will reduce the parcel market for other carriers. The British postal service hoped its parcel division will drive future growth, however parcel revenues slid 1%, despite the 2% increase in volumes in the six months ended […]
Read moreNovember 19, 2014 2:25 pm
Maersk Line, the largest operating unit of AP Moeller Maersk A/S, introduced a plan to cut unprofitable long-term contracts and increase its shipping rate. “We need to be more disciplined in pushing the general rate increase to make sure it is sustainable” said Silvia Ding, head of South China operations. She also mentioned that the […]
Read moreNovember 19, 2014 2:22 pm
Areva SAs shares plunged to levels untouched in nearly 16 years after the French nuclear group abandoned its financial targets for the next two years. The company, 87% owned by the French state, dropped its financial targets for 2015 and 2016, blaming delays of its Finnish Olkiluoto 3 nuclear project, the later than expected restart […]
Read moreNovember 19, 2014 2:21 pm
The second-biggest wireless carrier in the U.S., AT&T Inc., made an official statement that it is to reduce its shared 15-gigabyte data plan, fixing the cost to $100 per month. This is the second price reduction in a period of two months. AT&T is preparing for the holiday season, which usually is the time of […]
Read moreNovember 19, 2014 12:52 pm
Royal Dutch Shell Plc won a $1.4-billion tax dispute against the Indian authorities after the Bombay High Court ruled in favour of the companys unit located in the country. The Indian division of the London-based company was accused of transferring under-pricing shares to its patent firm at the amount of $2.5bn (£1.6bn) in February 2013. […]
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