October 16, 2014 1:02 pm
Roche Holding AG made an official statement today that its sales over the third fiscal quarter increased by 1.8%, as its revenue rose because of the new cancer drugs Kadcyla and Perjeta. Chi Tran-Brändli, an analyst at J. Safra Sarasin, commented on the companys performance over the quarter for the Wall Street Journal: “Roche delivered […]
Read moreOctober 16, 2014 12:29 pm
Nestlé SA reported on Thursday a fall in sales for the nine months of this year, forecasting a challenging fourth quarter as the company continues to face weak worldwide demand. The worlds largest food company stated 66.2 billion francs of revenue for the nine months ended September 30, 3.1% less compared to a year earlier […]
Read moreOctober 16, 2014 9:45 am
Google Inc. officially revealed three new Android-based devices under its Nexus brand, including a smartphone, a tablet and a set-top box for TVs. The new products announcement comes at a time, when the company is facing the fierce rivalry of Apple Inc. for high-end customers. The largest search engine in the world, also said it […]
Read moreOctober 16, 2014 9:26 am
AbbVie Inc.s board advised shareholders to vote against the takeover deal with Shire Plc., due to new tax rules imposed by the U.S. Treasury Department. The U.S. government has been trying to tune down overseas mergers for some time now and in September the Treasury Department revealed new rules in an effort to restrain corporate […]
Read moreOctober 16, 2014 8:51 am
eBay Inc. announced its sales forecast for the fourth quarter of the fiscal year, which missed initial analysts projections. The lower forecast comes as a result of the fact that the U.S.-based company is still recovering after it was hurt by a security breach, which affected customer growth. The company made an official statement, revealing […]
Read moreOctober 16, 2014 8:13 am
Wal-Mart Stores Inc. cut its projection for full-year sales on Wednesday, citing a stronger dollar and the impact of food stamp reductions, and said its future profits will grow slower, as it is shifting attention to its online business. The revision caused a lot of attention from analysts and investors as they pointed out how the […]
Read moreOctober 16, 2014 7:42 am
Netflix Inc. said in a report that its subscriber growth over the third financial quarter failed to reach the initial companys projection due to the fact that new contracts for its video-streaming service were affected by a recent price increase. The Chief Executive Officer of the company, Reed Hastings, and Chief Financial Officer, David Wells, […]
Read moreOctober 15, 2014 3:01 pm
Qualcomm Inc. agreed to buy the UK bluetooth specialist CSR, as the U.S. wireless-technology group aims to expand into the fast growing Internet-of-Things industry. Qualcomm reported that CSRs board has accepted a cash offer of 900 pence a share, a premium of 37% compared to Tuesdays close. People familiar with the matter suggested that Qualcomm […]
Read moreOctober 15, 2014 2:38 pm
Hewlett-Packard Co. revealed in an official statement today that it will resume its share buyback program. This decision of the company eliminated speculations that HP is still considering the takeover of EMC Corp. According to the statement by Hewlett-Packard, its share repurchase program had been stopped due to the possession of “material non-public information”. The […]
Read moreOctober 15, 2014 2:01 pm
Toyota Motor Corp. said it would recall more than a million vehicles globally to address three separate defects, two months after being placed under more strict supervision in the U.S. The car manufacturer said a total of 1.75 million cars will be recalled. Around 1.05 million vehicles will be pulled back from Japan and 750 […]
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