February 18, 2014 10:07 am
Samsung Electronics Co. became the largest smartphone manufacturer in the world mostly without help of its own retail stores. The company has been dealing with a bunch of new competitors as well as with the anticipation of slowing growth. That is one of the main reasons why the company is now seeking to increase its […]
Read moreFebruary 18, 2014 8:59 am
As reported by the Financial Times, the managers of Hewlett-Packard Co. received information on Autonomy Corp.s accounting in the months before the signaling of misconduct practices which incited a writedown. The newspaper reported that auditors documented Autonomy Corp.s practice of providing customers with hardware at a loss. The records were given to Hewlett-Packard after the […]
Read moreFebruary 18, 2014 7:40 am
BHP Billiton Ltd, currently considered as the largest mining company in the world, officially announced that its first-half profit increased by more-than-projected 31% as its iron ore earnings rose, while costs dropped amid improving global economic growth. BHP made a statement today, revealing that its underlying profit increased from 5.9 billion dollars from a year […]
Read moreFebruary 17, 2014 3:42 pm
U.K. prosecutors charged three former employees of Barclays Plc with conspiring to manipulate Libor. These actions bring the number of people accused in global probes to more than twelve. Serious Fraud Office made an official e-mailed statement today, announcing that Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas were charged with conspiring to defraud. […]
Read moreFebruary 17, 2014 2:10 pm
Novartis AG made an official announcement, saying that it reached an agreement to purchase CoStim Pharmaceuticals Inc. in order to expand its reach in immunotherapeutics. The latter is considered to be a new field of cancer drugs and is projected to reach 35 billion dollars in annual sales. Novartis, which is based in Basel, Switzerland, […]
Read moreFebruary 17, 2014 1:00 pm
Rakuten Inc., a Japanese online retailer, sharply dropped in Tokyo trading after making an official announcement that it has made a decision to acquire the Viber Internet messaging and calling services in a 900-million-dollar deal. The companys shares dropped 9.5%, which is their most serious decline in more than four months. In his attempt to […]
Read moreFebruary 17, 2014 12:15 pm
Bouygues SA, which offers construction and cellular communications services, develops real estate, produces television programming and movies and manages utilities, announced that it will book a 1.4-billion-Euro (1.9-billion-dollar) writedown on its stake in Alstom SA, which has been suffering from a slowing demand for thermal-power equipment. The company revealed that it will book the expense […]
Read moreFebruary 17, 2014 9:53 am
Biogen Idec Inc., the third-largest biotechnology company in the world, which develops, manufactures, and commercializes therapies focusing on neurology, oncology, and immunology is going to name director Stelios Papadopoulos as new chairman, which is to replace William Young on the position. The people familiar with this processes, who asked not to be identified, because the […]
Read moreFebruary 17, 2014 8:36 am
Lloyds Banking Group Plc is seeking for gentler treatment from the regulator on new “ringfencing” rules due to the fear that otherwise it will be forced to shut down its activities in the field of investment banking. Lloyds Banking Group Plc is currently negotiating with the Prudential Regulation Authority over the detailed requirements of the […]
Read moreFebruary 16, 2014 7:57 pm
Deutsche Telekom AG (DTE) seeks to become a dominant player in all of its markets in Central and Eastern Europe by 2018, as the company purchases assets and bolsters its networks. Deutsche Telekom has again begun to buy assets outside Germany, after CEO Timotheus Hoettges sees improving demand in the region between the Baltic Sea […]
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