October 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 […]
Read moreOctober 15, 2014 1:46 pm
BG Group Plc, the third-largest oil and gas producer in the U.K., announced that Helge Lund was appointed at the position of Chief Executive Officer. The former CEO of the company, Mr. Chris Finlayson, left BG Group in April 2014, after spending only 16 months as head of the U.K. oil and gas producer. Chairman […]
Read moreOctober 15, 2014 12:25 pm
On Wednesday, Danone SA reported better-then-expected Q3 revenue, boosted by improving infant food sales in Asia, while it is still trying to recover from a large product recall in the region. The French yogurt maker said that total Q3 sales rose to €5.42 billion from €5.26 billion, up 3% from a year earlier. On an […]
Read moreOctober 15, 2014 10:07 am
The largest health-care manufacturer in the world – Johnson & Johnson made an official statement that its net income increased over the third quarter of the fiscal year. The company also boosted its annual earnings projection thanks to its new hepatitis C drug called Olysio. Mr. Caruso, the Chief Executive Officer of the company, said […]
Read moreOctober 15, 2014 9:34 am
SoftBank Corp. has agreed to buy DramaFever, an online video streaming service that provides mostly Korean and Spanish television shows and movies. Tokyo-based SoftBank continues its buying spree of digital content in order to supply the networks it owns, like the U.S. Sprint Corp., which it purchased last year. So far the company has invested […]
Read moreOctober 15, 2014 8:48 am
Intel Corp. reported a rise in Q3 earnings and revenue, and gave a forecast for fourth-quarter revenue above analysts expectations, ensuring that its supply chain was well prepared for the holiday season. The California-based company reported a 12% increase in net income and a 7.9% rise in revenue in the quarter ended September 27. The […]
Read moreOctober 15, 2014 8:33 am
Yahoo! Inc. announced that it intends to shut down its office located in Amman, Jordan, as the company is seeking to reduce the size of its international operations. A person with knowledge of the situation, who asked not to be identified, because the information is still private, revealed that almost 80 job positions will be […]
Read moreOctober 15, 2014 7:50 am
The board of directors of AbbVie Inc. revealed that it intends to reconsider its decision to recommend the companys investors to support the takeover of Shire Plc amid changing tax rules in the U.S. The acquisition of Shire is estimated to $55 billion. AbbVie said in an official statement, cited by Bloomberg, that there is […]
Read moreOctober 14, 2014 3:07 pm
Dominos Pizza Inc reported on Tuesday that Q3 profit surpassed Wall Streets estimates, another better-than-expected performance, thanks to strong sales overseas and on home turf in the US, where competitors struggle. For the quarter ended September 7th, the second-largest U.S. pizza chain by store count reported a $35.6 million net income, or 63 cents per […]
Read more