September 16, 2014 6:24 am
According to the first batch of applications to a victims compensation fund, a total of 125 claims of fatalities related to defective ignition switches have been received so far by General Motors, the largest auto maker in the U.S. The compensation expert hired by GM to vet which applications were valid – Kenneth Feinberg – […]
Read moreSeptember 15, 2014 3:10 pm
Google Inc. launched a new line of affordable smartphones on Monday in India. The Android One – a low-cost device capable of Internet access, is aimed at persuading more people in the fastest-growing smartphone market, as well as other emerging markets, to upgrade their handsets. Mr. Sundar Pichai, senior vice president of Google said in […]
Read moreSeptember 15, 2014 2:52 pm
Microsoft Corp, the worlds biggest software maker, announced it has reached an agreement to acquire the “celebrated” Swedish game developer Mojang and its iconic Minecraft franchise for $2.5bn. The move follows vibrant speculation and some outcries by the most loyal of Minecrafts cult following, and is the biggest deal by Microsofts new chief executive since […]
Read moreSeptember 15, 2014 2:22 pm
China Petroleum & Chemical Corp. (Sinopec) registered its largest daily decline in more than three years after revealing that it intends to sell a stake of its fuel-retailing unit at the price of CNY107 billion ($17.5 billion), which was lower than the one initially expected by analysts. Sinopec, as the company is more commonly known, […]
Read moreSeptember 15, 2014 1:01 pm
Air France KLM SA is facing its most disturbing pilot strike in 16 years. The company announced that the airline would only operate four out of ten scheduled flights on Monday due to the walkout. The pilots are starting the strike after their negotiations with the companys management over the weekend turned out unsuccessful. Air […]
Read moreSeptember 15, 2014 12:19 pm
Hennes & Mauritz AB, the second-top global clothing retailer, reported upbeat sales figures for August and the whole third quarter, boosting the companys stock to a new all-time high. The Swedish companys sales in local currencies increased 19% on an annual basis in August, while sales for the third quarter ended August 31st were up […]
Read moreSeptember 15, 2014 11:46 am
The telecom unit of France-based Bouygues SA launched the on-demand video streaming service of Netflix on its TV set-top boxes on Monday. This is considered a crucial step for Netflix, which will launch in France for the first time. The company also explained that it will feature access to Netflix directly through the viewers television […]
Read moreSeptember 15, 2014 9:21 am
Danaher Corp. revealed that it has reached an agreement over the acquisition of Nobel Biocare Holding AG. The price of the deal is estimated at $2.2 billion, including debt, and comes at a time when health companies are seeking consolidation through mergers and acquisitions in the medical-device sector. “This combination will help us build a […]
Read moreSeptember 15, 2014 8:12 am
Heineken announced that it rejected a takeover offer made by SABMiller Plc because the family that controls the company prefers it to remain independent. According to people familiar with the process, who asked not to be named because the information is not public, the preliminary acquisition bid of SABMiller was turned down by the owners […]
Read moreSeptember 14, 2014 7:00 am
Fosun International Ltd and its partners made a new offer to Club Mediterranee SA, restarting the battle over the French resort company by posting a larger bid than its Italian rival, Global Resorts. The renewed bid amounts to €22 per share. Fosuns improved offer values Club Med at €839 million ($1.08 billion), including convertible bonds. […]
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