December 9, 2013 1:15 pm
August 2011 was critical to Adobe Systems Inc., because this was the time when the top executives of the company discussed the “emerging threat” – the cloud. More and more customers were interested in an upstart competitors software, which was easily accessible on the Internet and which, on the other hand, had quite a negative […]
Read moreDecember 9, 2013 9:54 am
QBE Insurance Group Ltd. is currently the largest insurer in Australia, unfortunately announced that it would record a loss this year after dropping by more than one-fifth of its shares value. The losses of the company are due to its problematic business in the U.S., as well as to higher provisions and writedowns. Some of […]
Read moreDecember 9, 2013 8:37 am
A new recent analysis has shown that Motorola, which is owned by Google Inc., is currently selling its new Moto G smartphone at a lower profit margins than its competitors ones. Most market specialists believe this will put a pressure on both Apple Inc. and Samsung Electonics Co., which are considered the leaders on the […]
Read moreDecember 9, 2013 7:57 am
European stocks wrapped up a week of deepest drop since June as better-than-estimated U.S. economic reports caused speculation that the Federal Reserve will begin cutting stimulus measures sooner than forecast. The Stoxx Europe 600 Index fell 2.7% to 316.5 last week. The regional benchmark index has still surged 13% in 2013 as central banks pledged […]
Read moreDecember 8, 2013 10:36 am
The two giants in sport equipment, Nike and Adidas, are preparing themselves for an advertising war for the upcoming World Cup in Brazil next year. Nike currently owns 14.6% of the global sporting goods market to Adidas 11.4%, and is aiming at the German brands No. 1 position in Europe. Adidas held 13.2% of the […]
Read moreDecember 7, 2013 9:53 am
U.S. stocks surged, snapping a five-day slide for the Standard & Poor’s 500 Index, as investors acknowledged better-than-forecast jobs growth to asses the strength of the economy and timing of Federal Reserve stimulus cuts. The S&P 500 gained 1.1% to 1,805.09 at 4 p.m. in New York. The advance almost fully compensated the index’s drop […]
Read moreDecember 6, 2013 2:34 pm
Royal Dutch Shell has been planning to make a multibillion-dollar investment by building a flagship plant in the U.S. The initial idea of the company was to use the plant to convert natural gas into diesel and jet fuel. However, Shell was obviously concerned about the costs of the project and has recently dropped the […]
Read moreDecember 6, 2013 10:23 am
General Motors Co. is the worlds second-largest automobile company, which develops, manufactures and markets cars, trucks and parts. The company announced that it will withdraw its Chevrolet brand from the car market in Europe. This is the outcome of a 10-year-long brand strategy, which proved itself unsuccessful to make a commitment with the customers of […]
Read moreDecember 6, 2013 8:57 am
Although Honda Motor Co. performed quite poorly in its November sales, it still hopes to recover its positions by offering some great cash incentives to U.S. Dealers in order to boost their business during the holiday season. On Wednesday the company announced that it would pay 3,000-dollar bonuses for every vehicle sold above its total […]
Read moreDecember 6, 2013 7:43 am
US stocks drop for a fifth day, signaling the Standard & Poor’s 500 Index would most likely wrap a week of a declines, after improving economic data boosted bets the Federal Reserve will decrease its monthly bond purchases sooner than estimated. The S&P 500-stock index dropped 7.78 points, or 0.4%, to 1785.03. The Nasdaq Composite […]
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