November 19, 2014 10:50 am
Netflix Inc. made an official statement that it is to launch the biggest subscription-streaming service in the world to Australia and New Zealand in March 2015. The company is following a strategy of expansion and bets on its growth in Europe this year. As reported by Bloomberg, the Chief Executive Officer of the company, David […]
Read moreNovember 19, 2014 9:39 am
Samsung Heavy Industries called off a merger with Samsung Engineering that would have helped them compete better against European rivals. The worlds third-largest ship builder scrapped a merger with Samsungs engineering unit, due to requests of share buybacks from investors. Under South Korean regulations, a merger could be canceled by a company should the requested […]
Read moreNovember 19, 2014 8:47 am
International Business Machines Corp. revealed its new service called IBM Verse, which comes as a rival of the companies in the e-mail market, including Google Inc. The new product of the U.S.-based IBM is to be offered to end clients, a quite unusual approach for the company since the sale of its personal-computer unit almost […]
Read moreNovember 19, 2014 8:15 am
French financial prosecutors opened a preliminary probe into suspected insider trading at BNP Paribas SA. This would be a second hit for Frances biggest bank by market capitalization, which earlier this year was fined $8.9 billion for US trade sanctions violations. The investigation was launched by the “le parquet national financier” led by Eliane Houlette. […]
Read moreNovember 18, 2014 4:08 pm
Actavis PLC projected optimistic earnings per share growth as the drugmaker reached the worlds top 10 pharmaceutical companies by market value after a series of deals. With the $66 billion, or $219 per share, purchase of Botox maker Allergan, Actavis achieved a combined market value of $120 billion, up from less than $5 billion at […]
Read moreNovember 18, 2014 2:58 pm
The second-largest clothing retailer on the territory of Europe – H&M Hennes & Mauritz AB made an official statement that its sales growth increased in October. The result eased some concerns related to the impact of mild weather conditions on autumn apparel collections. Simon Bowler, an analyst at Exane BNP Paribas said in a note, […]
Read moreNovember 18, 2014 2:32 pm
Home Depot Inc, the largest U.S. home-improvement retailer, reported Q3 profit that beat analysts expectations as improved U.S. job market motivated consumers to spend more. Sales for the three months ended November 2 increased 5.4% to $20.52 billion, compared with last years result of $19.47 billion. Performance was boosted by a 3.2% growth in transactions […]
Read moreNovember 18, 2014 1:44 pm
Nokia revealed a tablet that operates under the Android software of Google Inc. at the Slush technology conference in Helsinki today. The Head of products division at Nokia, Sebastian Nystrom, said that the device runs Nokias software on top of the Android operating system. Mr. Nystrom said in an interview, cited by Bloomberg: “We wanted […]
Read moreNovember 18, 2014 12:42 pm
Toyota Motor Corp said that the Mirai, or “future” in Japanese, will be released on the market on December 15 in Japan, with launches in the U.S. and Europe due next summer and September, respectively. In the U.S. the fuel-cell technology car will be purchased for $57 500, in Europe the vehicle will be priced […]
Read moreNovember 18, 2014 10:40 am
EasyJet Plc reported an increased full-year pre-tax profit as Europes second largest budget airline benefited from strikes at rival carriers. The British company stated a 21.5% increase in pre-tax profit for the year ended September 30 to £581 million, slightly above the companys projection of £580 million. Revenue for the period increased 6.3% to £4.53 […]
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