September 17, 2014 11:31 am
Sony Corp. made an official statement today and warned it would report a larger than initially expected full-year loss because it was writing down the value of its underperforming smartphone business. The companys decision was commented for Bloomberg by Masahiko Ishino, an analyst at Advanced Research Japan Co.: “Sony should have done it earlier. A […]
Read moreSeptember 17, 2014 11:05 am
Moscow SE has temporarily suspended trading with shares of Sistema, the largest publicly-traded diversified holding company in Russia, after the stock plunged on news of the arrest of Vladimir Evtushenkov, who owns 64.2% of Sistema and is chairman of its board. Mr Evtushenkov was accused of money laundering related to Sistemas acquisition of Bashnesft, an […]
Read moreSeptember 17, 2014 8:40 am
Boeing Co. was awarded a contract valued at about $4.2 billion by NASA. The company will split federal funding of as much as $6.8 billion with its competitor Space Exploration Technologies Corp. in order to help the U.S. resume manned missions and cut its reliance on Russian rockets. As reported by the Financial Times, NASA […]
Read moreSeptember 17, 2014 7:30 am
The Chief Strategy Officer of AT&T Inc. – Mr. John Stankey said that the carrier saw a lot of near-term and long-term options for AT&T in Latin America and is poised for acquisitions in Mexico. “In particular, Mexico, if you step back and think about Mexico, is the place that is prone to move into […]
Read moreSeptember 16, 2014 2:12 pm
Publicis Groupe SA announced in an official statement today that it extended Chief Executive Officer Maurice Lévys term by 18 months after more than 40 years spent in the company, highlighting its struggle to find a successor. Mr. Lévys tenure extension comes only months after plans for a $35-billion megamerger with Omnicom Group Inc. collapsed. […]
Read moreSeptember 16, 2014 12:42 pm
Asos Plc, Britains largest online-only fashion retailer, posted a warning for its 2015 profit due to lower selling prices and investments in logistics and technology. The companys shares declined as much as 15% after the third profit reduction for 2014. Asoss Chief Executive Officer Mr. Nick Robertson said in a statement, which was cited by […]
Read moreSeptember 16, 2014 12:37 pm
Mail.Ru, one of the internet leaders in Russia, announced the acquisition of the 48.01% of dominant Russian social media VKontakte it didnt already own for $1.47bn, settling shareholder disputes and looking to tap into the 92m monthly average user base of VK.com. The move follows almost a year-long confrontation between Mail.Ru and VK.coms now-former minority […]
Read moreSeptember 16, 2014 10:08 am
The largest aerospace group in Europe – Airbus Group NV revealed that it plans to focus its defence activities primarily on space launchers and satellites, military aircraft and missiles. The France-based company shared it intends to sell a group of assets as part of a restructuring strategy that includes significant lay-offs. “The portfolio review is […]
Read moreSeptember 16, 2014 9:07 am
France-based Orange SA revealed that it made an acquisition bid of about €3.4 billion ($4.4 billion) in cash to the Spanish broadband provider Jazztel Plc., the French companys largest takeover offer in almost ten years. “We are doing this deal to accelerate our growth in Spain, particularly in fixed-mobile convergent offers,” said Orange Chief Executive […]
Read moreSeptember 16, 2014 8:21 am
Alibaba Group Holding Ltd, which is still preparing its Initial Public Offering that could become the largest one in the world, increased the amount it is seeking to raise on Friday to as much as $21.8 billion following strong investor demand. According to a regulatory filing, Alibaba, the largest e-commerce company in China, is now […]
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