April 15, 2014 9:18 am
Infosys Ltd, the second-largest exporter of software services in India, made an official statement today, projecting that its dollar-denominated revenue will increase from 7 to 9% for the 12 months that started on April 1st. The full-year sales growth forecast of the company surpassed the median analysts estimate of an increase between 6 and 8.3%. […]
Read moreApril 15, 2014 9:12 am
The largest food company in the world – Nestle SA – made a statement today, revealing its worst first-quarter sales growth since 2009. The company announced that its sales increased by 4.2% excluding acquisitions, divestments and currency shifts in the first quarter of the current financial year. The result matched the median analyst forecast and […]
Read moreApril 15, 2014 6:32 am
Google Inc. made an official statement, revealing that it has acquired the start-up Titan Aerospace, which is known for specializing in high-altitude drones powered by solar light. Purchasing Titan Aerospace would expand the companys reach all over the world providing it with access to a vast range of data services. Google said that the new […]
Read moreApril 14, 2014 2:58 pm
The US chip manufacturer Intel Corp., is to become more focused on Chinese tablet makers in an attempt to escape a slump it was currently facing, amid slowing sales in the PC market. The idea of the Chief Executive Officer of the company – Mr. Brian Krzanich is to shift the focus from the currently […]
Read moreApril 14, 2014 12:58 pm
The biggest property developer by market value in South-East Asia – CapitaLand Ltd made an official announcement that it intends to buy the rest of its mall unit. The company revealed that it made an offer of 3.06 billion Singapore dollars (2.4 billion dollars), or 2.22 Singapore dollars per share for CapitaMalls Asia. CapitaLand is […]
Read moreApril 14, 2014 12:11 pm
The European unit of General Motors Co. – Adam Opel AG, which has been the largest problem of the company for years, seems to be close to breaking even before the predetermined schedule in 2016. The Chief Executive Officer of General Motors Co., Mary Barra felt relieved after announcing the news, as the company is […]
Read moreApril 14, 2014 11:38 am
Glencore Xstrata Plc made an official statement, revealing that it has reached an agreement with a Chinese consortium led by MMG Ltd, over the acquisition of its Las Bambas copper project located in Peru in an all-cash deal estimated to 5.85 billion dollars. This is one of the latest and biggest mining purchases of China. […]
Read moreApril 14, 2014 11:17 am
According to a person with knowledge of the matter, who asked not to be identified because the lay-offs are confidential, Citigroup Inc., the third-largest bank in the U.S., cut from 200 to 300 jobs in its stock and bond trades unit in an attempt to reduce its costs amid a slump. One of the representatives […]
Read moreApril 14, 2014 11:15 am
Peugeot SA, the second-largest auto manufacturer by volume in Europe, revealed that it will cut about a half of its product catalogue. The company also plans to bring back sustainable profitability of its automotive unit after losing more than 7 billion euros in 2012 and 2013 by turning the DS vehicles manufactured by its Citroen […]
Read moreApril 13, 2014 8:39 am
The widespread bug in the widely used Web encryption program OpenSSL, known as “Heartbleed”, can be found not only in hundreds of thousands of websites, email servers, ordinary PCs and firewalls, but on mobile devices as well. The flaw threatens the data privacy of millions of smartphone and tablet users running Google Inc.s Android operating […]
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