April 29, 2014 8:32 am
The second-biggest oil manufacturer in the U.K. – BP Plc made an official statement today, revealing a decreasing first-year profit, due to lower production and diminishing earnings at refineries. The announcement comes at a time when the company is still working to reorganize itself after the Deepwater Horizon explosion and the following oil spill in […]
Read moreApril 29, 2014 7:38 am
The biggest smartphone manufacturer in the world – Samsung Electronics Co. made a statement, posting its net profit for the first quarter of the current financial year that managed to surpass the analysts forecasts due to increasing demand for the Galaxy series devices and amid boosted TV sales. The smartphone profit margin remained flat at […]
Read moreApril 29, 2014 6:54 am
Nokia made an official statement, announcing that Mr. Rajeev Suri will take the position of Chief Executive Officer on May 1st. This appointment is to put an end to a several-month search for a person to take the place of the former CEO Elop, who left the company after the 7.5-billion-dollar acquisition of Nokias handset […]
Read moreApril 28, 2014 2:46 pm
Ophir Energy Plc has pulled out its offer to Premier Oil Plc for merging the two companies businesses. According to people with knowledge of the process, Premier Oil has rejected two offers for acquisitions. Ophir Energy has been seeking to finalize a merger with a larger competitor in order to boost its cash flow. As […]
Read moreApril 28, 2014 11:38 am
Panasonic Corp. made an official statement today, revealing projections for its full-year profit. The company announced that its net income is expected to increase by 16% and to reach 140 billion yen (1.4 billion dollars) over the current financial year, which started April 1st. The company also added that it will continue following the strategy […]
Read moreApril 28, 2014 9:39 am
The largest pharmaceutical company in Europe – Bayer AG – made an official statement today, posting a 23% boost in its net profit for the first quarter of the current financial year, due to increased demand for its newest drugs and crop-protection products. The companys results surpassed the median analysts forecast. In its statement, the […]
Read moreApril 28, 2014 8:32 am
According to people with knowledge of the matter, who asked not to be identified because the negotiations are still private, Siemens AG offered a deal to exchange train and energy assets with Alstom SA, in an attempt to beat the General Electric Co.s bid. The people reported that according to the terms proposed by Siemens, […]
Read moreApril 28, 2014 7:26 am
According to people with knowledge of the matter, who asked not to be named because the issues are still not public, the largest drug manufacturer in the U.S. – Pfizer Inc. – intends to start over the negotiations over the acquisition of AstraZeneca Plc. This may be one of the biggest mergers in the health-care […]
Read moreApril 27, 2014 7:05 am
The second-biggest auto-manufacturer in the U.S. – Ford Motor Co. – made an official statement on Friday, announcing that its net income for the first quarter of the current financial year declined by 39% to 989 million dollars in comparison to the results posted for the same period in 2013. According to the companys statement, […]
Read moreApril 26, 2014 5:30 pm
Microsoft Corp. finalized the takeover of Nokia Oyjs mobile phone unit, allowing the software giant to renew its push into the mobile market and ridding Nokia, once market leader in mobile phone sales, of a steadily declining business. The two companies announced the 5.44-billion-euro deal nearly eight months ago, although the final price may be […]
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