March 19, 2014 1:58 pm
Bayerische Motoren Werke AG, which is currently known as the largest luxury cars manufacturer in the world, announced it is expecting “significant” profit growth this year due to the fact that some of its new and upgraded vehicle models seem to be able to reach record sales. Shares rallied to an all-time record. The German […]
Read moreMarch 19, 2014 12:50 pm
According to people familiar with the matter, the Board of PSA Peugeot Citroën has reached a unanimous decision of appointing Louis Gallois, who is a former Chief Executive Officer of Airbus Group NV, to the position of Chairman and a successor of Thierry Peugeot, who is stepping down. The board is also said to be […]
Read moreMarch 19, 2014 10:25 am
According to two people with knowledge of the situation, who asked not to be identified because the information is not public yet, Toyota Motor Corp. has reached a settlement to put an end to a criminal probe related to false or incomplete disclosures of safety issues in the U.S. Both the Manhattan offices of the […]
Read moreMarch 19, 2014 10:10 am
Sony Corp. is entering a brand new field of virtual reality devices as a part of its attempt to find a way to stand out from its rivals in the field of video games. The President of Sony Worldwide Studios – Shuhei Yoshida officially revealed a prototype of a virtual-reality headset called Project Morpheus at […]
Read moreMarch 19, 2014 9:55 am
Britains FTSE 100 index marked a minor daily decline on Wednesday after rising for two sessions. Prices opened slightly higher but edged lower in the course of trading. Market players abstained from entering big positions ahead of the outcome of FOMCs two-day policy meeting which concludes today. The UK blue chip index stood at 6 […]
Read moreMarch 18, 2014 2:18 pm
Hyatt Hotels Corp., which in February announced that its fourth-quarter revenue had doubled, is planning to open a luxury Park Hyatt in August 2014. The super-luxurious complex is going to be situated on 57th Street. It is supposed be a part of Hyatt Hotels Corp.s strategy for global expansion under the lead of CEO Mark […]
Read moreMarch 18, 2014 1:06 pm
Scania AB rejected the 6.7-billion-euro (9.3-billion-dollar) offer of Volkswagen AG for the companys shares Volkswagen doesnt own. As reported by the Wall Street Journal, an independent board committee said: “Based on the long-term prospects of Scania, its growth outlook, technological excellence and the synergy potential, the committee believes the offer does not reflect the long-term […]
Read moreMarch 18, 2014 10:28 am
The Chief Executive Officer of Vodafone Group Plc – Vittorio Colao claims that the company has underwent through transformation over the past couple of years. Mr. Colao endorses that the company evolved from a mobile operator and is now also focused on broadband and TV markets. The cable acquisitions of Vodafone Group Plc in Germany […]
Read moreMarch 18, 2014 9:19 am
General Electric Co., Bombardier Inc. and two Chinese companies are reported to have been chosen from the South African state-owned ports and rail operator Transnet SOC Ltd to supply it with new locomotives. This is reported to be part of an investment, which is estimated to 4.7 billion dollars, and aims to restore the aging […]
Read moreMarch 18, 2014 8:39 am
The share price of Maruti Suzuki India Ltd, which is the largest car manufacturer by sales in India, increased by more than 7% on Tuesday morning in Mumbai trading as the company announced it is planning to invest about 500 million dollars in a factory construction deal and asked for the opinion of its minority […]
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