February 5, 2014 9:29 am
Sony Corp. is currently negotiating with the buyout firm Japan Industrial Partners Inc. about selling its Japanese personal-computer business, a person familiar with the matter said. The person with knowledge of the situation, who asked not to be named before an official public announcement is made, revealed that a memorandum of agreement for a sale, […]
Read moreFebruary 5, 2014 8:16 am
Apple Inc., which is considered to be one of the largest designers, manufacturers and sellers of personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals and networking solutions, announced that its iOS smartphone operating system made a considerable progress in the U.S. during the final […]
Read moreFebruary 4, 2014 2:59 pm
Lenovo Group Ltds shares fell the most in five years in Hong Kong after the stock was downgraded by at least five brokerages. In January, the company announced deals estimated to 5 billion dollars in order to boost its server and smartphone businesses. The companys shares decreased by 16% and reached 8.41 Hong Kong dollars […]
Read moreFebruary 4, 2014 1:43 pm
The new leadership of Microsoft Corp. could help it almost double its valuation by parting with a large piece of the business it currently uses to attract consumers. Schwartz Investment Counsel Inc. revealed that now as Microsoft prepares to appoint Satya Nadella for its new Chief Executive Officer, jettisoning units such as Xbox video-game consoles […]
Read moreFebruary 4, 2014 12:06 pm
Facebook Inc. turns ten today, marking the tenth year since the founder of the company Mark Zuckerberg and his fellow students created a social network, which turned out to grow to more than a billion users. In 2013 Facebook shifted Yahoo! from its comfortable position and became the U.S. second largest digital advertising platform after […]
Read moreFebruary 4, 2014 9:52 am
International Business Machines Corp. announced that its tax rate has been reduced to a two-decade low with some help from a tax strategy that sends profits through a Dutch subsidiary. The company was facilitated to gradually reduce its tax rate over 20 years by an approach, which involves routing almost all sales in Europe, the […]
Read moreFebruary 4, 2014 8:47 am
The largest chipmaker in the world – Intel Corp. – announced that more executives will be required to own stock and tie bonuses to operating goals as an attempt to connect pay more closely with the financial performance of the company. Yesterday, Intel sent a letter to its shareholders, explaining that 350 senior leaders of […]
Read moreFebruary 4, 2014 7:28 am
Hewlett-Packard Co. officially announced that some accounting errors at Autonomy Corp. have forced the company to cut the software makers reported 2010 revenue at its largest unit by 54%. These actions aggravated a legal dispute over the Hewlett-Packard acquisition of Autonomy Corp. According to U.K. regulatory filings, the operating profit of Autonomy Systems Ltd for […]
Read moreFebruary 3, 2014 4:09 pm
SFRs Chief Executive Officer announced that a spinoff of the French phone company from its owner Vivendi SA is the only plan for the unit in question. An alternative merger involving the second-largest carrier in the country was also dismissed. The Chairman and Chief Executive Officer of SFR – Jean-Yves Charlier explained to reporters that […]
Read moreFebruary 3, 2014 3:49 pm
Lloyds Banking Group Plc reported 1.8 billion pounds in fresh provisions for the mis-selling of payment protection insurance, which made it the third British lender to announce bad news before the official start of the annual bank results season next week. These new figures, which are practically released in an unscheduled update, take the total […]
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