September 30, 2014 1:47 pm
The largest online marketplace – eBay Inc. revealed in a statement today that it intends to spin off its payments unit PayPal next year, turning it into a separate entity. The company finally gave in to pressure from activist shareholder Carl Icahn who had been pushing for a split for the past nine months. The […]
Read moreSeptember 30, 2014 12:51 pm
The Chief Executive Officer of Yahoo! Inc. – Marissa Mayer – has been put under a lot of pressure lately to sell the U.S.-based company or change its cash management policy. After a recent call from Starboard Value LP for Yahoo to merge with AOL Inc., a letter was sent yesterday to Mrs. Mayer and […]
Read moreSeptember 30, 2014 11:44 am
Royal Bank of Scotland Group Plc saw its stock jump today, as the company brightened the projected results through years end, as an improving economic situation in the lenders top markets buoys margins. According to its statement, RBS is to “significantly outperform” its initial projection that 2014 total impairments would reach as much as £1bn […]
Read moreSeptember 30, 2014 9:57 am
Toyota Motor Corp. announced that it will recall 690 000 Tacoma pickup trucks, while as many as 1.69 million Toyota Corollas built between 2006 and 2010 could be investigated amid complaints of “unintended low-speed surging”, according to the National Highway Traffic Safety Administration. The NHTSA has also formally started to review a complaint stating that […]
Read moreSeptember 30, 2014 8:23 am
Apple Inc. secured the last approval needed from Chinas regulatory authorities and will start selling its new iPhone 6 and iPhone 6 Plus models in the Asian country on October 17th after addressing user security and privacy issues. “We are thrilled to bring iPhone 6 and iPhone 6 Plus to our customers in China on […]
Read moreSeptember 30, 2014 7:39 am
The second-biggest auto manufacturer in the U.S. – Ford Motor Co. revealed in an official statement that it expects to earn a full-year pretax profit estimated to $6 billion dollars, falling short of the targeted range of $7 billion to $8 billion due large car withdrawals and disappointing results in South America and Europe. At […]
Read moreSeptember 29, 2014 2:14 pm
GoPro Inc, the maker of miniature cameras used by thrill seekers such as extreme snowboarders and cliff divers, refreshed its Hero camera lineup on Monday, offering a significantly improved and pricier top-end model, while lowering the price tag of its baseline camera. GoPros three refreshed models – the Hero, the Hero4 Silver and the Hero4 […]
Read moreSeptember 29, 2014 12:37 pm
Air France, the French flag carrier, announced an agreement was reached with the pilots union to resume flight operations after a 14-day strike, which reportedly cost the airline more than €280 million (~$356 million). “Air France welcomes the end of the strike action, which it called for firmly and repeatedly. The strike has been costly […]
Read moreSeptember 29, 2014 12:35 pm
Lenovo, the worlds biggest personal computer manufacturer, will close its acquisition of IBMs x86 server division on Wednesday for $2.1 billion, $200 million less than the initial announcement in January. After overtaking Hewlett-Packard as top PC maker last year, Lenovo now seeks a new “growth engine” beyond the highly competitive PC market, challenging HP and […]
Read moreSeptember 29, 2014 10:16 am
The Chief Executive Officer of Russian state oil producer OAO Rosneft Igor Sechin said that US sanctions imposed on Russia due to its intervention in Eastern Ukraine will not bar the exploration and discoveries of oil wells in the Arctic Ocean. Mr. Sechin, a close ally to President Vladimir Putin, announced on Saturday that Rosneft, […]
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