November 18, 2014 10:35 am
AstraZeneca Plc made an official statement today that it expects its drugs pipeline to generate stable and consistent revenue growth. The U.K.-based pharmaceutical company also stated that its annual revenues are to exceed $45 billion by 2023. The companys Chief Executive Officer, Pascal Soriot, said in a statement, cited by Reuters: “We have more than […]
Read moreNovember 18, 2014 9:51 am
According to people with knowledge of the matter, Blackstone Group LP has managed to reach an agreement to sell a Manhattan office tower to Ivanhoe Cambridge Inc. at the price of $2.25 billion. The people close to the process, who asked not to be identified, because the deal is still not officially announced, reported that […]
Read moreNovember 18, 2014 9:30 am
SunEdison Inc announced it will purchase privately-owned FirstWind, expanding its portfolio types of renewable-energy and turning into the world’s largest developer of wind and solar power. SunEdison said it will share the acquisition with its 64% owned TerraForm Power unit. The parent company will spend $1 billion for obtaining a portfolio of wind power development […]
Read moreNovember 18, 2014 8:21 am
Samsung Electronics Co. revealed that it is to cut the number of smartphone models in its portfolio in 2015. The companys decision is part of its strategy to reduce expenses in order to cope with contracting profit. The South-Korea-based company did not officially reveal the exact number of models, which would be affected by the […]
Read moreNovember 18, 2014 8:08 am
Honda Motor Co Ltd postponed the launch of its hydrogen fuel-cell car as it deals with increased number of safety recalls. Honda announced it will release its first fuel-cell car on the Japanese market by the end of March 2016. The technology uses hydrogen to power up the car and emits only vapor and heat. […]
Read moreNovember 17, 2014 4:03 pm
Majestic Wine, the British wine warehouse chain, stated a decline in profit for the first half, due to increased competition and higher investment costs. Pre-tax profit fell 10% to £8.5 million compared to last years result. The company explained that the “previously announced investments” to upgrade its distribution network, website and customer database hurt performance, […]
Read moreNovember 17, 2014 3:45 pm
The second-largest oilfield services provider in the world, Halliburton Co., reached an agreement to acquire Baker Hughes Inc., which is currently ranked third. The company is trying to take advantage of declining crude prices in order to organize the largest takeover deal in the U.S. energy sector since 2011. The Chief Executive Officer of Halliburton, […]
Read moreNovember 17, 2014 2:37 pm
The Chief Executive Officer of Fiat Chrysler Automobiles NV, Sergio Marchionne, was ordered by a Georgia judge to give a deposition in a lawsuit that involves the death of a 4-year-old boy killed in a Jeep fuel-tank fire. Fiat said in an official statement, cited by Bloomberg: ““Chrysler Group recognizes that this matter has raised […]
Read moreNovember 17, 2014 2:30 pm
Reckitt Benckiser Group PLC has launched a plan to spin off its pharmaceutical division and list it on the London Stock Exchange as a stand-alone company under the name of Indivior Plc. Investors will get one share in the new demerged company for every share they own in RB. The spin-off, if approved by shareholders […]
Read moreNovember 17, 2014 1:25 pm
Royal Bank of Scotland Group PLC, 81% owned by the British government, is faced with a fine worth tens of millions of pounds for a big IT breakdown that left customers without access to their banking accounts. RBS could be fined with as much as £50 million by the Financial Conduct Authority over its IT […]
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