March 21, 2014 9:35 am
Britains FTSE 100 index opened higher on Friday but remained steady through the course of trading as investors eyed rising tensions between Russia and the West after Washington extended the list of prominent Russian individuals to be sanctioned due to their close ties to President Vladimir Putin. Companies with a big exposure to Russia could […]
Read moreMarch 21, 2014 8:26 am
Microsoft Corp. announced its policies for accessing user information are to be changed as it faces scrutiny for looking into a private e-mail account when investigating a leak of company software. According to federal court filings, one of the former employees of the company – Alex Kibkalo was accused of stealing the companys trade secrets, […]
Read moreMarch 20, 2014 2:07 pm
The activist investor Carl Icahn seems to have decided to try a new tactic in his battle with eBay Inc. – a partial spin-off of its PayPal payments unit. He suggested an initial public offering for 20% of PayPal. This move has been received gladly by the online marketplace. As reported by the Wall Street […]
Read moreMarch 20, 2014 12:46 pm
Hermes International SCA posted an 8.9% increase in its 2013 profit. The company also explained that its performance was not damaged by the decreasing luxury goods sales in China due to the fact that the overall sales in Asia, Europe and the U.S. kept its profitability to a record high. However, the company flagged risks […]
Read moreMarch 20, 2014 10:08 am
The second-largest clothing retailer in the U.K. – Next Plc posted a 12% higher pretax full-year profit for 2013. The results are at top end of the companys estimates. Next Plc also shared that it managed to generate more money than Marks & Spencer Group Plc for the first time in its history and forecast […]
Read moreMarch 20, 2014 9:50 am
The Chief Executive Officer of Starbucks Corp – Mr. Howard Schultz officially announced at the companys annual investor meeting held in Seattle that the company wants to reach a market capitalization of 100 billion dollars, or almost double its current value. The announcement comes at a time when the company is seeking to expand its […]
Read moreMarch 20, 2014 9:34 am
Britains FTSE 100 index opened lower and fell further on Thursday, tracking a drop in global equities overnight, after the Federal Reserve suggested its unprecedented bond-buying program will be brought to an end by the end of 2014 and a following interest rate hike will come earlier than expected. The UK blue chip index stood […]
Read moreMarch 20, 2014 8:45 am
Alibaba Group Holding Ltd has made a 215-million-dollar investment in TangoMe Inc. This step is considered quite beneficial for the companys access to the mobile-messaging competition and comes at a moment when Alibaba is preparing for an initial public offering in the U.S. as soon as April 2014. This is the companys largest investment into […]
Read moreMarch 20, 2014 7:20 am
BP Plc was reported as the highest bidder in the latest auction of acquiring drilling rights in the Gulf of Mexico. This happened less than a week after the US government lifted a 16-month ban on the company. BP was imposed a ban for signing contracts with the federal government in November 2012 after it […]
Read moreMarch 19, 2014 3:39 pm
FedEx Corp, which is currently the biggest cargo airline in the world, reduced its full-year profit forecast due to harsh winter weather that resulted in declining third-quarter results, which trailed analysts estimates. The company made an official statement, explaining that “unusually severe winter storms” during the quarter had caused damage to its operations and raised […]
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