January 16, 2014 7:39 am
People with knowledge of the matter revealed that the Chief Operating Officer of Yahoo! Inc. – Henrique de Castro – is about to be dismissed by Marissa Mayer, who is currently the Chief Executive Officer of the company. The reason for the dismissal after 14 months of collaboration is the fact Mrs. Mayer felt disappointed […]
Read moreJanuary 16, 2014 7:34 am
US stocks rose, with the Standard & Poor’s 500 Index erasing a loss for 2014 to close at a record, as the World Bank lifted its global growth forecast and Bank of America Corp.’s profit spurred a rally in financial shares. The S&P 500 added 0.5% to 1,848.38 at 4 p.m. in New York, surpassing […]
Read moreJanuary 15, 2014 3:46 pm
Google Inc. is currently spending more money than five of its most serious competitors in the U.S. combined. The company is trying to occupy some new markets, because its growth in Web advertising industry has become slower. This week the company made an official announcement that it is going to acquire Nest Labs Inc. in […]
Read moreJanuary 15, 2014 1:54 pm
The largest luxury-goods maker in the United Kingdom – Burberry Group Plc announced that its quarterly revenue has beaten the analysts forecasts, no matter that customers spend more money shopping online. The companys forecasts repeat the ones from November 2013. Burberry said to be targeting a “modest” increase in full-year retail/wholesale operating profit margin. The […]
Read moreJanuary 15, 2014 12:33 pm
The largest chipmaker in the world – Intel Corp. officially announced that has decided to delay the opening of new factory in Arizona. The company explained that the main reason for this decision is the fact that its main source of revenue – the demand for personal-computer microprocessors has sharply decreased. Chuck Mulloy, who is […]
Read moreJanuary 15, 2014 10:11 am
GameStop Corp. has been currently undergoing through the most serious difficulties in 11 years. The company reduced its earnings forecast due to games sales, which were lower than the initially expected, and reduced profit margin from consoles in the holiday period. The shares of the company had their biggest decline since December 2002, by falling […]
Read moreJanuary 15, 2014 8:57 am
General Motors Co. announced that it was resuming dividend payments for the first time since its government-managed bankruptcy in 2009. This makes its remarkable recovery from the auto industry recession certain. The company is expected to pay a 30 cent a share dividend on March the 28th. Only five weeks ago the U.S. Treasury sold […]
Read moreJanuary 15, 2014 7:51 am
Mercedes-Benz announced that it is currently negotiating with Infiniti over jointly developing of a second shared vehicle platform. The platform is planned to be used for building larger Sedans and SUVs. There is already another agreement between the two premium brands, which work together on a smaller platform for compact cars. The Chief Executive of […]
Read moreJanuary 15, 2014 7:24 am
US stocks advanced, with benchmark indexes bouncing back from their biggest drops this year, as retail sales climbed more than economists expected in December. The Standard & Poor’s 500 Index added 1.1%, the biggest one-day advance since December 18 after sliding 1.3% yesterday. The Dow Jones Industrial Average rose 115.92 points, or 0.7%, to 16373.86. […]
Read moreJanuary 14, 2014 2:45 pm
Google Inc. announced that it is going to launch its flagship Moto X smartphone in the U.K., France and Germany. This is a strategic move of Google, which is trying to get a greater share of the handset market. This month the price of the cheapest version of the Moto X device was cut by […]
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