September 26, 2014 8:10 am
Intel Corp. said in a statement on Friday that it intends to spend as much as 9 billion yuan ($1.5 billion) to acquire a stake in state-affiliated Tsinghua Unigroup Ltd in a push to gain a greater foothold in the Chinese mobile chip market. “China is now the largest consumption market for smartphones and has […]
Read moreSeptember 25, 2014 2:08 pm
BP, one of the six “oil majors”, was denied the option to pursue redress over “excessive compensation” the company paid to settle claims over the Deepwater Horizon disaster, limiting what the company could salvage from the legal debacle. As reported by the New York Times, the judge said that the earlier claims “were paid under […]
Read moreSeptember 25, 2014 1:27 pm
The worlds second-largest clothing retailer – H&M Hennes & Mauritz AB reported today that third-quarter profitability fell further and warned that higher garment costs will drag on margins through the end of the year. The company reported quarterly profit in line with expectations but unusually warm weather held back customers from renewing their autumn wardrobes, […]
Read moreSeptember 25, 2014 12:23 pm
GlaxoSmithKline Plc revealed in an official statement today that it will appoint Mr. Philip Hampton as next chairman to succeed Christopher Gent at a time when the company is trying to deal with downbeat sales in the U.S. and a bribery fine in China. Mr. Philip Hampton, currently chairman of Royal Bank of Scotland Plc, […]
Read moreSeptember 25, 2014 10:07 am
The biggest postal service in Europe – Deutsche Post AG will start delivering medicine and other urgent goods to a German island located in the North Sea using unmanned helicopters. The service marks the first routine drone delivery to customers and comes at a time when global companies such as Amazon.com Inc. and Google Inc. […]
Read moreSeptember 25, 2014 9:06 am
BlackBerry officially presented its square-screen Passport phone at events all over the world in a push by Chief Executive Officer Mr. John Chen to attract business users. The Canadian companys new Passport phone is the first new major product launched worldwide since Mr. Chen took over the position of Chief Executive Officer in November 2013. […]
Read moreSeptember 25, 2014 7:52 am
Apple Inc. withdrew its latest update for the iOS operating system as the new software was reported to have caused problems that resulted in some customers losing cellular service. According to some users, the fingerprint reading Touch ID feature was also not working properly after the software update. The U.S.-based tech giant apologized for the […]
Read moreSeptember 24, 2014 3:00 pm
Samsung Electronics Co. will start selling its Galaxy Note 4 smartphone in China by the end of September, sooner than initially planned, amid persisting concerns over the companys declining earnings. The step will provide the company with a head start on Apple and its new iPhone 6 and iPhone 6 Plus models, which are currently […]
Read moreSeptember 24, 2014 2:10 pm
The mysterious next-gen MMO project Titan, developed by Blizzard for seven years, had been canceled, the companys CEO said in an interview for Polygon, souring some of the hype as fans look to BlizzCon in November. The game had never been announced in the first place, though it was acknowledged by Blizzard and quite discussed […]
Read moreSeptember 24, 2014 1:53 pm
The Chief Executive Officer of U.K.-based Vodafone Group Plc – Mr. Jeroen Hoencamp revealed that his main goal is to return the company back to growth in the next two years. The company, which is the largest mobile phone carrier outside of Asia, will battle a long-term decline with growth in both sales and profits […]
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