January 14, 2014 10:07 am
Google Inc. announced that it is about to buy Nest Labs Inc. for 3.2 billion dollars in cash. This deal is considered to be the second largest one in Googles history after the 12.4-billion-dollar Motorola Mobility acquisition in 2012. Nest Labs Inc. is a maker of “smart” thermostats and smoke alarms for homes and is […]
Read moreJanuary 14, 2014 9:01 am
The jet maker Airbus Group NV announced that it does not have any intentions in increasing the efforts invested in the production of its best-selling, narrow-bodied A320 line in short term. The A320 family helped the company to post record jet orders and deliveries last year. The Airbus unit announced that a company record was […]
Read moreJanuary 14, 2014 7:48 am
The two Chief Executive Officers of Acer Inc. explained their view of the future of the company, as well as their strategy to make it more successful, while sharing that the strategic miscalculations of Acer have led to three consecutive years of losses. Now it seems that Mr. Stan Shih, who is Acers founder and […]
Read moreJanuary 14, 2014 7:40 am
U.S. stocks retreated the most since November 7, recording the Standard & Poor’s 500 Index’s worst start to a year since 2009 as investors weighed equity valuations and the outlook for economic stimulus. The S&P 500 Index slumped 1.3% by 4:30 p.m. in New York after reaching highest valuation in four years at the end […]
Read moreJanuary 13, 2014 3:15 pm
Alcatel-Lucent SA is currently negotiating with some potential buyers such as Unify GmbH & Co. KG, a Gores Group LLC and Siemens AG venture for selling its enterprise business. The enterprise unit of the company is one of the largest units selling telecommunications equipment and services. It has proved to be quite successful, with its […]
Read moreJanuary 13, 2014 1:58 pm
The largest automaker in the world – Toyota Motor Corp. forecasts sales growth in the U.S. The company expects to reach 2.3 million vehicles sold this year, which is an increase by 100,000 vehicles and about 4-5% more than the units sold in 2013. The forecast was announced yesterday in Detroit by Jim Lentz, who […]
Read moreJanuary 13, 2014 1:36 pm
Google Inc. has managed to enter the top ranks of technology companies building stockpiles of legally-protected innovations, thanks to the fact that the company was awarded nearly 2,000 patents in the U.S. over 2013. This is almost double the number of all previous year combined. Analysis of patent office filings reveal that the rapid growth […]
Read moreJanuary 13, 2014 9:28 am
People with knowledge of the matter revealed that Hewlett-Packard Co. seeks stability and consolidation of the company after a few years of board reorganization. That is the reason why the company plans to renominate its slate of directors, including Mr. Ralph Whitworth, who is an activist investor and interim chairman. According to the director of […]
Read moreJanuary 13, 2014 8:32 am
The great demand for some of Volkswagen AG groups key brands, such as Audi and Porsche on the U.S. and Chinese market resulted in record growth of the global sales of the company. Currently Volkswagen AG is the largest auto maker in Europe. The company made an official statement on Saturday, announcing that its global […]
Read moreJanuary 13, 2014 8:13 am
European stocks rose, recording their first weekly rally of 2014, as investors assessed data that showed the US unemployment rate unexpectedly fell in December while hiring slowed. The Stoxx Europe 600 Index advanced 0.5% to 329.95 at the close of trading, extending its highest level since May 2008. The benchmark rose 0.7% this week as […]
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