November 13, 2014 1:45 pm
UnitedHealth Group Inc., the biggest health insurer in the U.S., announced an executive reorganization. The company revealed in an official statement that its Chief Financial Officer, David Wichmann, is to become President with an immediate effect. The Chief Executive Officer Stephen Hemsley said in the statement, cited by Bloomberg: “We are bringing forward the next […]
Read moreNovember 13, 2014 1:42 pm
Hasbro Inc is in talks to acquire DreamWorks Animation SKG, which previously negotiated with several other potential buyers, including SoftBank. The deal would bring the creator of the Shrek and Kung Fu Panda movies under one roof with the maker of My Little Pony, Twister and Monopoly, as both companies seek opportunities to move beyond […]
Read moreNovember 13, 2014 1:32 pm
Ericsson, the world’s biggest maker of wireless networks, announced a plan to cut costs, including the reduction of workforce, as the telecom-equipment supplier aims for around 9 billion Swedish kronor in savings. Stockholm-based Ericsson said the plan is expected to take full effect in 2017. Under the strategy the company will streamline its product portfolio […]
Read moreNovember 13, 2014 12:26 pm
The second-largest brewer in the world, SABMiller Plc, revealed in a statement today that the trading conditions are expected to remain challenging. The company reported an increase in its first-half profit that failed to reach analysts forecasts due to customer demand decline in China and Australia. The Chief Executive Officer of the company, Alan Clark, […]
Read moreNovember 13, 2014 10:33 am
Google Incs YouTube unveiled its long-awaited monthly subscription service called YouTube Music Key. The company announced that its new service is expected to launch in the upcoming weeks. The subscription will start at $7.99 per month and features add-free service with the ability to watch offline videos and listen to music while the phone is […]
Read moreNovember 13, 2014 10:07 am
Today, at Twitter Inc.s first analyst day, the Chief Executive Officer of the company Dick Costolo revealed that 500 million people visit the companys website on a monthly basis without logging in. Mr. Costolo explained that the microblogging service of the U.S.-based company is accessible not only to its subscribers, but also to a large […]
Read moreNovember 13, 2014 9:06 am
E.ON SE reported decreased net income for the first nine months due to lower power prices and weaker Russian ruble. Germanys biggest utility by market capitalization reported underlying net profit of €1.435 billion, a 25% decrease compared with the €1.901 billion a year earlier. Lower power prices in Germany and across Europe crippled E.ONs performance. […]
Read moreNovember 13, 2014 8:53 am
Cisco Systems Inc. reported on first-quarter results and provided its second-quarter projection, which fell short of analysts outlooks. According to Ciscos statement, its profit for the three months ended October 25th declined by 8.4% at a time of weakness in emerging markets which offset a revival in some of the companys flagship networking products. The […]
Read moreNovember 12, 2014 2:39 pm
Yahoo! Inc agreed to acquire the automated advertising service BrightRoll, boosting its presence in the video-ad real-time market. The internet portal announced it would pay around $640 million to purchase the start-up company. This would be the second-largest acquisition since Marissa Mayer became CEO two years ago. The deal would bolster Yahoo!s advertising power and potentially help […]
Read moreNovember 12, 2014 11:23 am
Daimler AG said it would release new high-end versions of its Mercedes-Benz S-Class, including a sports utility vehicle and a luxury limousine carrying the Maybach emblem. Daimler AG said that the Maybach logo will be brought back to life as a sub-brand of Mercedes. The limousine is expected to challenge BWMs ultra-luxury Rolls-Royce brand and […]
Read more