March 10, 2014 12:45 pm
According to a filing, Tencent Holdings Ltd, which is currently considered as the largest Internet company in Asia, has reached an agreement with the Chinese e-commerce website JD.com Inc. to acquire a 15% stake in it. This is considered a strategic move as Tencent Holdings Ltd tries to become more competitive in order to meet […]
Read moreMarch 10, 2014 10:29 am
Bouygues SA made an offer to Iliad SA to sell its mobile-phone network and some radio spectrum in a deal estimated to 1.8 billion euros (2.5 billion dollars). The company has been in talks with Vivendi SA over its largest mobile operator – SFR, which is said to be exactly the reason why it has […]
Read moreMarch 10, 2014 9:14 am
Twitter Inc. is a global social network that provides its users with the opportunity to express themselves and communicate in real time. According to a company filing, Twitter paid 36 million dollars for the acquisition of a total 900 patents from International Business Machines Corp. Twitter revealed in its filing on March 6th, which was […]
Read moreMarch 10, 2014 8:39 am
Google Inc. announced that it is planning to release tools that will provide software developers with the opportunity to make wearable-computing devices software. The company is said to be trying to bring back the success it had when releasing the Android mobile-operating system for smartphones and by this dominate a new generation of wearable technology. […]
Read moreMarch 9, 2014 10:18 am
Price of shares of Coupons.com (COUP), an online discounter based in Mountain View, California, almost doubled in their debut, after the company raised $168 million in an initial public offering (IPO), which was managed by Goldman Sachs Group Inc., Allen & Co., Bank of America Corp. and Royal Bank of Canada. The company makes money, […]
Read moreMarch 8, 2014 11:56 am
According to a company spokesman, Boeing is inspecting the wings of 43 undelivered jets of its 787 Dreamliner model after their supplier warned that a change in the manufacturing process may have led to the formation of hairline cracks, causing Boeing to further delay deliveries. The plane manufacturer experienced major difficulties with its marquee jet, […]
Read moreMarch 7, 2014 1:43 pm
Cerberus Capital Management LP and the board of Safeway Inc. have reached an agreement for a takeover of Safeway. The deal is estimated to 9 billion dollars and is known as the latest acquisition of the private equity group, which intends to use the newly-purchased company after the merger with its Albertsons in order to […]
Read moreMarch 7, 2014 12:58 pm
Telecom Italia SpA posted a smaller full-year net loss estimated of 674 million euros (927.9 million dollars) for 2013. The company made an official statement, announcing that its sales declined by 9.1% and reached 23.4 billion euros. The company was also reported to have suspended its ordinary dividend for common shares, while the Italian market […]
Read moreMarch 7, 2014 10:36 am
Walt Disney Co. plans to reduce the number of employees working in its interactive unit by a quarter. About 700 jobs will be cut by the company, which is in pursue of restructuring its online and videogame businesses. The company also shared that it will reduce the headcount at its Internet advertising sales team in […]
Read moreMarch 7, 2014 9:25 am
Boeing Co. is currently the largest plane maker in the world, manufacturing commercial jetliners and defence, space and security systems. The company has been following the example of other companies located in U.S. in moving away from traditional pension plans. As a result of the companys efforts to reduce its costs, Boeing Co. made an […]
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