February 4, 2014 12:06 pm
Facebook Inc. turns ten today, marking the tenth year since the founder of the company Mark Zuckerberg and his fellow students created a social network, which turned out to grow to more than a billion users. In 2013 Facebook shifted Yahoo! from its comfortable position and became the U.S. second largest digital advertising platform after […]
Read moreFebruary 4, 2014 9:52 am
International Business Machines Corp. announced that its tax rate has been reduced to a two-decade low with some help from a tax strategy that sends profits through a Dutch subsidiary. The company was facilitated to gradually reduce its tax rate over 20 years by an approach, which involves routing almost all sales in Europe, the […]
Read moreFebruary 4, 2014 8:47 am
The largest chipmaker in the world – Intel Corp. – announced that more executives will be required to own stock and tie bonuses to operating goals as an attempt to connect pay more closely with the financial performance of the company. Yesterday, Intel sent a letter to its shareholders, explaining that 350 senior leaders of […]
Read moreFebruary 4, 2014 7:28 am
Hewlett-Packard Co. officially announced that some accounting errors at Autonomy Corp. have forced the company to cut the software makers reported 2010 revenue at its largest unit by 54%. These actions aggravated a legal dispute over the Hewlett-Packard acquisition of Autonomy Corp. According to U.K. regulatory filings, the operating profit of Autonomy Systems Ltd for […]
Read moreFebruary 3, 2014 4:09 pm
SFRs Chief Executive Officer announced that a spinoff of the French phone company from its owner Vivendi SA is the only plan for the unit in question. An alternative merger involving the second-largest carrier in the country was also dismissed. The Chairman and Chief Executive Officer of SFR – Jean-Yves Charlier explained to reporters that […]
Read moreFebruary 3, 2014 3:49 pm
Lloyds Banking Group Plc reported 1.8 billion pounds in fresh provisions for the mis-selling of payment protection insurance, which made it the third British lender to announce bad news before the official start of the annual bank results season next week. These new figures, which are practically released in an unscheduled update, take the total […]
Read moreFebruary 3, 2014 2:22 pm
Mason Morfit, who is the President of ValueAct Holdings LP and an investor, who is set to join the Board of Directors of Microsoft Corp., is said to seek a change in Microsofts tradition concerning how it sells its flagship products. The company is currently believed to be preparing Satya Nadella for the position of […]
Read moreFebruary 3, 2014 2:07 pm
Merck & Co Inc. announced it has reached an agreement with Ablynx – a biotech company that uses antibodies from llamas and alpacas to fight disease. The deal is considered to be able to help Merck become more competitive and bring a new generation of cancer drugs to market. The companies said that Merck will […]
Read moreFebruary 3, 2014 9:35 am
People with knowledge of the two deals reported that Lenovo Group Ltd has turned to national security insiders in order to win the approval of the U.S. to buy the Motorola Mobility phone unit of Google Inc. and the low-end server business of International Business Machines Corp. Currently, the company is the largest personal-computer maker […]
Read moreFebruary 3, 2014 8:27 am
LinkedIn – the one major U.S. Social network not blocked in China – has announced that it started to expand its presence on the largest market in the world. Unlike Facebook, Twitter and Google, LinkedIn is not banned by state censors in China. George Shen, who is the companys first president for China, has been […]
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