August 25, 2014 9:34 am
The PlayStation Network of Sony Corp. was back online today after a cyber attack overloaded it, which resulted in taking it down over the weekend. No user details were accessed or stolen, the company said. “The PlayStation Network and Sony Entertainment Network have been impacted by an attempt to overwhelm our network with artificially high […]
Read moreAugust 25, 2014 8:57 am
Burger King, the second-biggest burger chain in the US, made a joint statement with Tim Hortons, Canadas largest fast food service, to reveal that the two companies are negotiating a merger, with the former buying a stake in the latter. “The new company would be the world’s third-largest quick service restaurant company, with approximately $22bn […]
Read moreAugust 25, 2014 7:40 am
Roche Holding AG, the biggest cancer drugs manufacturer in the world, announced an agreement was reached acquire InterMune Inc. for $8.3 billion, as the Swiss pharmaceutical giant seeks to further expand its portfolio. “It’s a perfect fit from a portfolio point of view,” Severin Schwan, CEO of Roche, said. The deal “will allow Roche to […]
Read moreAugust 24, 2014 7:44 am
Vodafone Group Plc, the worlds second-largest telecommunications company, said in a statement on Friday, that it has reached an agreement to acquire 72.7% of Greek broadband company Hellas Online for €72.7 million (~$96.45 million), adding to the 18.5% Vodafone already owned. The London-based telecomm also said it also plans to acquire the rest of the […]
Read moreAugust 23, 2014 8:33 am
T-Mobile U.S. Inc. has decided to enter a direct competition with Sprint Corp. in order to “steal” each others customers after only a few weeks ago the two companies were considering a merger. The Chief Executive Officer of the company – Mr. John Legere said in the companys announcement, which was cited by Bloomberg: “It […]
Read moreAugust 22, 2014 1:54 pm
Royal Bank of Canada posted Q3 earnings today, beating estimates and logging the best results on record in its capital markets, insurance and wealth management divisions. RBC, Canadas second-largest banks by assets, logged sales of 8.98 billion Canadian dollars (~$8.20bn), up 25% from a year ago. Net income was C$2.38bn, up 3.9% on an annual […]
Read moreAugust 22, 2014 11:32 am
Comcast Corp. revealed in a statement that it will focus on attracting younger audiences in order to expand its reach. The company is to offer students at seven US colleges live TV and video on-demand on their computers and mobile devices. The Executive Vice President of consumer services of Comcast Corp. – Mr. Marcien Jenckes […]
Read moreAugust 22, 2014 10:06 am
The video-game chain GameStop Corp. posted quarterly profit that surpassed estimates, bumping shares higher in afterhours trade. Results were boosted by next-gen consoles sales, which helped the companys hardware sales. According to the companys statement, its net income increased more than two times on an annual basis to $24.6 million, or $0.22 per share, beating […]
Read moreAugust 22, 2014 9:45 am
Salesforce.com Inc., the largest customer-management software maker, posted quarterly earnings today, to reveal a massive increase in revenue and an upgrade to its guidance for future results. Revenue for the second quarter of the 2015 fiscal year, ended July 31 2014, totaled $1.32 billion, up 37.5% on an annual basis, while the net result of […]
Read moreAugust 22, 2014 8:33 am
Britains headline index was mostly flat on Friday with a quiet corporate diary and economic calendar and as investors awaited Fed Chairwoman Janet Yellens speech for signs whether the central bank will raise its benchmark interest rate sooner than expected. The FTSE 100 index stood at 6 775.30 points at 8:24 GMT, down 0.03% on […]
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