September 24, 2014 12:38 pm
According to a report by Crittercism Inc., the latest software update of Apple Inc. for its iPhone and iPad units is causing some popular applications to crash more frequently than usual, among other glitches. Crittercisms Chief Executive Officer Mr. Andrew Levy said for Bloomberg: “It just goes to show how hard it is to test […]
Read moreSeptember 24, 2014 11:05 am
Starbucks Corp., the biggest coffee-shop chain in the world, revealed that it had reached an agreement over the acquisition of the remaining 61% stake in its Japanese operations for $913.5 million. The acquisition will include purchasing a 40% stake from Sazaby League for $505 million and a 21% stake held by public investors for $408.5 […]
Read moreSeptember 24, 2014 8:49 am
According to people familiar with the situation, Actavis was approached for acquisition talks by Pfizer Inc in the US companys latest attempt to reduce its tax rate. The people close to the process, who asked not to be named, because the information is still private, shared that no formal negotiations between the two companies have […]
Read moreSeptember 24, 2014 8:01 am
Alibaba Group Holding Ltd, the largest e-commerce company in China, will use its finance arm to create a marketplace for 1 trillion yuan ($163 billion) of loans. The company is stimulating more Chinese citizens to borrow and lend money and is planning to bring its idea to life in as soon as two years. The […]
Read moreSeptember 23, 2014 2:00 pm
Tesco Plc revealed in an official statement today that Mr. Alan Stewart will take the position of Chief Financial Officer today. Mr. Stewart was released early from Marks & Spencer Group Plc to take over the U.K.-based grocers finances more than two months ahead of his start date, which was initially scheduled for December 1st. […]
Read moreSeptember 23, 2014 1:59 pm
Hyundai Motor Co., the biggest car manufacturer in South Korea, earned wide condemnation, reflected heavily in the stock, last week, by spending almost $10bn on a real estate asset, set to become its new HQ. The price tag was about three times the perceived value of the property, and the move drew heavy criticism from […]
Read moreSeptember 23, 2014 1:34 pm
Raiffeisen Bank International AG, the second-biggest bank operating in Eastern Europe, fell the most in three years after projecting its first annual loss due to surging bad-debt provisions. According to a statement by the banks Chief Executive Officer Mr. Karl Sevelda, Raiffeisens loss may widen to between €50 million ($64 million) and €500 million. He […]
Read moreSeptember 23, 2014 11:59 am
According to people familiar with the matter, Allergan Inc. has renewed negotiations over the acquisition of Salix Pharmaceuticals Ltd, which first started in July, as it seeks to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc. The acquisition of Salix, if finalized, is likely to be valued at more than $10 billion […]
Read moreSeptember 23, 2014 9:18 am
Philips Electronics revealed in an official statement today that its Chief Executive Officer Mr. Frans van Houten intends to split the companys operations in two new companies. This step will allow Philips to prepare its lighting unit for a future as an independent entity, while the rest of the company will focus on its health-care […]
Read moreSeptember 23, 2014 8:03 am
Apple Inc. managed to sell a record number of iPhones over the first weekend after its two new flagship models were released. The company said in an official statement that its iPhone sales rose to a record of more than 10 million and beat the 9 million units sold by the company in 2013 after […]
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