March 22, 2014 8:29 am
One day after Netflix CEO Reed Hastings shared the company’s opinion that broadband companies should not violate the principle of net neutrality and called for free interconnection, particularly citing Comcast, AT&T retaliated against Netflix, calling the proposition of the content providers CEO arrogant. Netflix CEO Reed Hastings said in a blogpost on Thursday: “Without strong […]
Read moreMarch 21, 2014 2:27 pm
Nike Inc., which is the largest sports wear brand in the world, warned that its sales growth during the quarter that is to end in May 2014 may turn out to be lower than initially expected due to a stronger US dollar which has cut the value of Nikes international profit and revenue. The companys […]
Read moreMarch 21, 2014 12:57 pm
The Chief Executive Officer of Netflix Inc. – Reed Hastings shared the companys opinion that broadband companies should be required to connect their networks to major content providers such as Netflix itself. The company also attacked some large internet providers such as Comcast, saying they use their “market position” in order to impose fees for […]
Read moreMarch 21, 2014 12:07 pm
Bouygues SA announced that it has upgraded its offer for Vivendi SAs SFR telecom unit. This move restarted the fierce bidding war with Altice SA that seemed to have been finalized after Vivendi chose the competitive offer less than a week ago. The new proposition is said to be able to make the decision for […]
Read moreMarch 21, 2014 10:23 am
Symantec Corp., which is the largest manufacturer of personal computer security and anti-virus software in the world, decided to fire Steve Bennett, who has been occupying the position of President and Chief Executive Officer of the company for less than two years, due to declining revenue and decreasing sales. The companys revenue has decreased in […]
Read moreMarch 21, 2014 9:53 am
The access to Twitter in Turkey was blocked late on Thursday after Prime Minister Recep Tayyip Erdogan announced that the company ignored court orders to remove content concerning government corruption just ahead of elections scheduled on March 30th. Recently the Turkish government had to deal with a series of voice recordings and documents that became […]
Read moreMarch 21, 2014 9:35 am
Britains FTSE 100 index opened higher on Friday but remained steady through the course of trading as investors eyed rising tensions between Russia and the West after Washington extended the list of prominent Russian individuals to be sanctioned due to their close ties to President Vladimir Putin. Companies with a big exposure to Russia could […]
Read moreMarch 21, 2014 8:26 am
Microsoft Corp. announced its policies for accessing user information are to be changed as it faces scrutiny for looking into a private e-mail account when investigating a leak of company software. According to federal court filings, one of the former employees of the company – Alex Kibkalo was accused of stealing the companys trade secrets, […]
Read moreMarch 20, 2014 2:07 pm
The activist investor Carl Icahn seems to have decided to try a new tactic in his battle with eBay Inc. – a partial spin-off of its PayPal payments unit. He suggested an initial public offering for 20% of PayPal. This move has been received gladly by the online marketplace. As reported by the Wall Street […]
Read moreMarch 20, 2014 12:46 pm
Hermes International SCA posted an 8.9% increase in its 2013 profit. The company also explained that its performance was not damaged by the decreasing luxury goods sales in China due to the fact that the overall sales in Asia, Europe and the U.S. kept its profitability to a record high. However, the company flagged risks […]
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