November 29, 2013 1:36 pm
One of the greatest deals for Orange SA is about to happen. The biggest telecommunication company in France announced that it has agreed to sell its Dominican Republic unit to Altice. The deal is estimated to 1,4 billion dollars and will be executed after the approval of the Dominican authorities. The use of the Orange […]
Read moreNovember 29, 2013 12:03 pm
One of the most famous multinational luxury jewellery and retailers – Tiffany & Co announced on Tuesday that its sales rose last quarter thanks to its Chinese jewellery customers. This is quite a promising sign, because it means that positive full-year profit forecast is still on the agenda. The companys global sales rose 7% in […]
Read moreNovember 29, 2013 9:44 am
Sony, which recently appointed Bain & Co to advise it on cost-cutting in its Sony Pictures unit, is relying in part on growing mobile sales to lead the company at the top of technology business once again. The Xperia smartphone maker expects handset shipments in the 2013 fiscal year to rise by more than a […]
Read moreNovember 29, 2013 8:57 am
We have been all waiting for the moment when television will become what we call “revolutionary”. Probably all gadget fans eagerly expect things such as screen personalization, voice recognition and great choice of TV programs, shows and other video services provided by various devices. These were obviously the plans of Apple, or at least this […]
Read moreNovember 29, 2013 7:55 am
European stocks climbed to their highest level since May 2008 as Germanys annual inflation rate rose diminishing chances the European Central Bank will loosen monetary policy. The Stoxx Europe 600 Index gained 0.4% to the highest close since May 2008, and yields on Spanish five-year notes rose to 2.66%. Most Brazilian stocks fell while Canadian […]
Read moreNovember 28, 2013 2:21 pm
The merger of American Airlines and US Airways is officially given a green light by a federal bankruptcy court judge. This way the airline passengers who were trying to prevent the deal from happening by their objection are deprived of the opportunity to take further actions, which provoked a true pre-Thanksgiving storm in the country. […]
Read moreNovember 28, 2013 12:53 pm
Jolla Oy, a freshly founded Finnish smartphone maker formed by Nokia Oyj engineers, is stepping up its challenge to iOS and Android OS after its first handsets attracted vast interest from consumers looking for change. The Jolla phone costs 399 euros ($542) stripped of wireless-carrier subsidies. The company received pre-orders from 136 countries and plans […]
Read moreNovember 28, 2013 12:37 pm
The French multinational mass media and telecommunication company Vivendi SA announced that its board approved a spin-off plan that is expected to be executed over the next year. Moreover, the companys board also chose the leaders, who are supposed to be dealing with the remaining assets in order to turn the company into a smaller […]
Read moreNovember 28, 2013 10:06 am
The largest luxury-goods maker in the United Kingdom – Burberry Group Plc – made an announcement that it is going to appeal the Chinese regulators decision for restricting the companys hallmark trademark for leather goods, which is the famous check pattern design. The company made an online statement that the decision of the Chinese regulator […]
Read moreNovember 28, 2013 9:24 am
Charter Communications has reviewed a $25 billion financing deal that may clear the road for its increasingly public battle to acquire rival cable-TV provider Time Warner Cable. The US fourth largest cable operator which has been interested in Time Warner rival since the summer, has been in talks about debt financing for the deal with […]
Read more