October 3, 2014 1:21 pm
British budget airline EasyJet Plc raised its full-year earnings projection, boosted by lower-than-expected fuel costs and by extra passengers during a recent two-week pilot walkout at Air France-KLM. According to EasyJets statement, the company expects a pretax profit estimated in the range from £575 million to £580 million in the fiscal year ended September 30th, […]
Read moreOctober 3, 2014 12:19 pm
According to people with knowledge of the situation, who asked not to be named because the information is still private, Iliad SA is planning to make a new bid for a larger stake in T-Mobile U.S. Inc., the US division of Deutsche Telekom AG. In July 2014, the France-based company made an offer for the […]
Read moreOctober 3, 2014 10:04 am
General Motors Co. is conducting its 69th recall this year to bring the total number of vehicles pulled back to over 29 million. The largest US car manufacturer is withdrawing a total of 117 651 cars and trucks from the 2013-2014 model years due to a possible manufacturing defect in a chassis control module. GM […]
Read moreOctober 3, 2014 9:16 am
According to a person with knowledge of the matter, cash-strapped electronics chain RadioShack Corp. managed to reach an agreement with a consortium led by Standard General LP to refinance loans estimated to about $590 million to re-stock ahead of the holiday season. In September 2014, RadioShack warned it may be forced to file for bankruptcy […]
Read moreOctober 3, 2014 8:25 am
SoftBank Corp. revealed in a statement it will spend $250 million to acquire a minority stake in closely-held Legendary Entertainment, providing the Japan-based company with online rights to the merchandise, TV and film business of the studio. Tomoaki Kawasaki, an analyst at Iwai Cosmo Securities Co Ltd commented on the companies settlement for Bloomberg: “The […]
Read moreOctober 3, 2014 7:39 am
JPMorgan Chase and Co, the largest US bank, said that a cyber breach that was first reported in August had given hackers access to the personal information of 76 million households and 7 million businesses, one of the largest attacks on a financial institution. According to people familiar with the matter, the attack remained unnoticed […]
Read moreOctober 2, 2014 2:25 pm
Samsung Electronics Co. Ltd announced its intentions to build a $560-million factory in Vietnams Ho Chi Minh City as part of its strategy to expand production in the country, benefiting from its cheap labor costs. The 700 000-square-meter complex, where Samsung will manufacture TVs and other home appliances, will be used to meet mid- and […]
Read moreOctober 2, 2014 12:44 pm
Toulouse-based Airbus Group NV was reported to be closing in on a settlement with Japans third-biggest carrier, Skymark Airlines Inc, over a canceled order of six Airbus A380 superjumbo jets. The shares of both companies rose, with Skymark surging by an intraday 11%, as investors greeted the possible resolution after months-long quarrel. The Japanese carrier […]
Read moreOctober 2, 2014 12:19 pm
DirecTV reached an agreement with the National Football League to continue airing games every Sunday for a reported price of $1.5bn per year for eight years, costing the network $12bn. “NFL Sunday Ticket has always been the centerpiece of DirecTV’s sports leadership and we’re pleased to continue our relationship with the NFL and be a […]
Read moreOctober 2, 2014 11:40 am
Verizon Communications Inc., the biggest wireless carrier in the US, launched its October promotional line-up, meeting expectations to double data offers, following suit after top rivals Sprint and AT&T had already launched the “price war”. The announcement comes after on Saturday AT&T said that it intends to double the data amount available on higher-end share […]
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