September 9, 2014 1:47 pm
The biggest restaurant chain in the world – McDonalds Corp. revealed that its sales at stores open at least 13 months fell by 3.7% in August, as the decline in the companys home market continued for the fourth consecutive month. Analysts had expected a 3.1% sales decline. The company also said same-store sales in the […]
Read moreSeptember 9, 2014 1:03 pm
Apple Inc, the worlds most valuable company, is already reaping rewards from the yet-to-come official presentation of its latest gadgets, as investors bump up their valuation of Apples stock in pre-market and European trade. In just a few hours Apple will take central stage and keep corporate and consumer eyes locked at this pivotal event […]
Read moreSeptember 9, 2014 12:59 pm
The Chief Executive Officer of ABB Ltd Ulrich Spiesshofer officially announced an unexpected $4-billion-share buyback in a push to restore investor confidence in the worlds biggest power-grid manufacturer. The move comes as a sweetener to investors after its stock underperformed some of its rivals, including Siemens AG over the past year. As Mr. Spiesshofer explained […]
Read moreSeptember 9, 2014 10:12 am
General Mills Inc. revealed in a statement that it has agreed to acquire Annies Inc. in a deal estimated to about $820 million. The acquisition, which is expected to be finalized by the end of 2014, will further expand General Mills range of natural and organic foods that includes the Cascadian Farm and Food Should […]
Read moreSeptember 9, 2014 8:52 am
The antitrust authorities of the European Union are seeking “to extract” concessions from Google Inc. after they were planning to settle a four-year antitrust probe over the U.S.-based companys search practices in Europe. This once again opens the possibility that Google may be subject to fines amounting to up to $6 billion. “Some complainants have […]
Read moreSeptember 9, 2014 7:31 am
The biggest home-improvement chain – Home Depot Inc. made an official statement and confirmed a computer system breach at nearly 2 200 of its stores located in the U.S. and Canada. According to the companys statement, there is no proof that debit-card PINs have been compromised at the time of the breach. The number of […]
Read moreSeptember 9, 2014 6:45 am
The market capitalization of Facebook Inc. surpassed $200 billion on Monday, which puts the U.S.-based company in the ranks of the worlds largest corporations. According to data compiled by Bloomberg, the shares of the company increased by 0.82% and reached $77.89 at yesterdays close in New York, which valued the company at $201.2 billion. This […]
Read moreSeptember 8, 2014 3:00 pm
Nathan Hubbard, Twitter’s head of commerce, revealed in an interview that the US-based microblogging company is running tests of a “buy” button that will provide its users with the opportunity to make purchases directly from tweets posted on its service. Mr. Hubbard explained that Twitters buy button” is in an advanced development phase, and is […]
Read moreSeptember 8, 2014 1:40 pm
Boeing Co, the world’s largest aerospace company, revealed it has secured an $11bn order from Ireland-based Ryanair, Europes largest discount airline, which also only flies Boeing 737 jets, with additional $11bn options. The order for 100 units of the 737 Max 200 model, a variant of the 737 Max 8, in addition to the 100 […]
Read moreSeptember 8, 2014 1:39 pm
Facebook, which is already a huge distributor of Internet video content, has just revealed that it delivers 1 billion video views on a daily basis. The U.S.-based company continues to consider new ways by which to become more attractive for video-content publishers. According to the companys statement, video views climbed by about 50% in the […]
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