August 18, 2014 8:57 am
Google Inc.s acquisition spree continues with the purchase of software developer Jetpac Inc. as the technological giant focuses on organizing gathered information and delivering it together with ads to both PC and mobile devices users. Google Inc. has been focused on a series of acquisitions to boost its mobile and advertising capabilities. Earlier in August […]
Read moreAugust 18, 2014 7:21 am
U.S.- based asset managers Blackstone Group LP and TPG are drawing closer to acquiring British subprime mortgage lender Kensington, which is currently owned by the financial services provider Investec. The deal is considered a sign for increasing global investor interest towards the U.K. market. According to Sky News, which first reported of the deal, the […]
Read moreAugust 17, 2014 3:59 pm
J C Penney Company Inc. made an official statement and shared a smaller second quarter loss due to the fact the company has benefited from promotions and discounts, which attracted more customers over the period. The U.S.based department store chain hasnt posted an annual profit in three years. According to the companys statement, the net […]
Read moreAugust 17, 2014 10:57 am
Swedish appliance maker Electrolux AB revealed that it has held preliminary negotiations with General Electric Co. over the acquisition of the latters appliance business. This step makes the company part of other potential suitors, who have been focused on contracts that would provide them with the opportunity to expand their reach in North America. Still, […]
Read moreAugust 16, 2014 3:20 pm
The largest mining company by market value in the world – BHP Billiton Plc made an official statement today and revealed that it may announce a spinoff of some of its assets next week. The assets in question were purchased by the company three years ago and currently amount to about 12 billion dollars. BHP […]
Read moreAugust 15, 2014 1:50 pm
The biggest beverage company in the world – The CocaCola Co. revealed in a statement that it agreed to exchange some brands and acquire a 17% stake in Monster Beverage Corp. The price of the deal is estimated to about 2.15 billion dollars. Under the terms of the contract, The Coca-Cola Co. gets the right […]
Read moreAugust 15, 2014 1:39 pm
Samsung Electronics Co. Ltd is to acquire the startup SmartThings, which produces mobile applications that remotely control home devices. This step is considered to be provoked by the companys desire to set foot at home automation as a worthy rival of other technology giants such as Apple Inc. and Google Inc. The Chief Executive Officer […]
Read moreAugust 14, 2014 2:05 pm
The biggest retailer in the world – Wal-Mart Stores Inc. reported in an official statement today that its same-store sales were stagnant during the three months ended August 1st. The company also reduced its full-year earnings forecast due to bigger health-care expenses and additional investments made in its e-commerce business. Under the lead of Mr. […]
Read moreAugust 14, 2014 12:40 pm
The Chief Financial Officer of T-Mobile U.S. Inc. said yesterday at an investor conference in Boston that the company considers the majority stake acquisition bid of Iliad SA was too low, as it did not take into account T-Mobiles prospects of growth. T-Mobile U.S. Inc.s Chief Financial Officer Mr. Braxton Carter called the $15 billion […]
Read moreAugust 14, 2014 11:54 am
The German largest electricity producer – RWE AG posted today a 62% profit decline over the second three months of the fiscal year. The company said the downbeat results were tied to the pressure on power prices in Europe, while the demand was affected by weak economic growth and subsidized renewable energies. RWE AG revealed […]
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