October 21, 2014 2:07 pm
Amazon.com and Simon & Schuster have agreed on a multiyear contract for the sale of print and digital books, as the internet retailer continues to battle Hachette. Amazon, the biggest paper and e-book supplier in the U.S., has been involved in a public dispute with another publisher, Lagardère SCA’s Hachette. The companies disagreed on e-book […]
Read moreOctober 21, 2014 1:59 pm
The largest online-only fashion retailer Asos Plc reported on its annual profit, which surprised analysts estimates. Shares of the company surged the most since late August during the London trading session, following the announcement. Jamie Merriman and Noelle Guo, analysts at Sanford C. Bernstein Ltd, commented in a report, cited by Bloomberg: “Investors will be […]
Read moreOctober 21, 2014 12:30 pm
AbbVie Inc. confirmed that its has agreed on the termination of its deal with Shire Plc, after the companys investors did not back the transaction amid proposed changes to the U.S. rules, which regulate such deals. The two companies expressed their disappointment in separate statements. As reported by Bloomberg, AbbVie said that the new rules […]
Read moreOctober 21, 2014 12:16 pm
Tata Motors Ltd.s Jaguar Land Rover opened its first overseas manufacturing unit in China in an effort to cut costs and continue its expansion. As part of the expansion, JLR opened a new manufacturing unit in Changshu, about 100 km north from Shanghai, in a joint venture with state-owned Chery Automobile. The factorys early production […]
Read moreOctober 21, 2014 9:43 am
International Business Machines Corp. reported a decrease in third-quarter sales and net income as the company faces difficulties shifting to cloud technology. On Monday IBM released its results for the three months ended September 30. The company stated a 4% decline in revenue, down to $22.4 billion, while net income fell to $18 million, or […]
Read moreOctober 21, 2014 9:32 am
Apple Inc. reported its results during the quarter that ended on September 27th along with the launch of its new digital payments service called Apple Pay. The U.S.-based company said in its official statement that its revenue for the period increased by 12% and amounted to $42.1 billion. This revenue growth has been the strongest […]
Read moreOctober 21, 2014 8:42 am
Actelion Ltd, the largest biotech company in Europe, made an official statement today that it boosted its full-year earnings projection. The company increased its forecast for a second time, after it reported its third-quarter results, with profit surpassing initial analysts estimates due to the new lung drug sales. According to the statement, the Switzerland-based company […]
Read moreOctober 21, 2014 8:11 am
On Monday Canadian Pacific Railway Ltd. reported it has ended exploratory talks with CSX Corp. regarding a possible merger, eliminating the option of forming a transcontinental railroad and dismissing plans for further discussions. Canadian Pacific didnt give the exact reason why the company has given up on the merger, but strongly hinted that regulatory concerns […]
Read moreOctober 21, 2014 7:22 am
Toyota Motor Corp. withdrew a total of 247 000 vehicles in the U.S. due to a problem with their air bags. This is the latest vehicle withdrawal in a series of recalls, which affected other models. One of the spokesmen of Toyota, John Hanson, did not immediately respond to e-mailed requests for comments, sent after […]
Read moreOctober 20, 2014 2:57 pm
This Monday Apple Inc. launched Apple Pay in the U.S., its new digital payment service, as the phone maker takes on a new market. The iPhone has already taken the place of many devices, including music players, GPS systems, watches, cameras, calendars and many more. Now the tech-giant found another target, the wallet. With the […]
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