December 12, 2013 2:30 pm
Avon Products Inc. is putting an end to a 125-million-dollar software overhaul the company has been working on for four years now. Complicated utilization of the system forced many of the companys salespeople to quit their jobs after a test of the software in Canada, causing the company to pull the plug on the project. […]
Read moreDecember 12, 2013 1:14 pm
Airbus SAS and Boeing Co. have been leading a fierce battle over the supremacy in the biggest segment of the aircraft market for years. Finally, Airbus SAS was replaced as Air Canadas primary supplier of body-jets by Boeing Co., which won a grand order estimated at 6.5 billion dollars for its 737 Max model. The […]
Read moreDecember 12, 2013 10:41 am
It seems that Facebook has put an end to the hard time it experienced after last years disappointing initial public offering. The company announced that it will join the benchmark Standard & Poors 500 Index (SPX) next week, replacing Teradyne Inc., a manufacturer of products for testing computer chips worth $3.2 billion. The replacement will […]
Read moreDecember 12, 2013 9:03 am
Samsung Electronics Co. has managed to build the largest smartphone business in the world by taking advantage of the cheap and abundant workforce in China. This, however, will not last much longer, because the company is shifting its production to Vietnam. This decision was prompted by the fact that Vietnam offers even cheaper workforce, which […]
Read moreDecember 12, 2013 7:29 am
Yesterday it became clear that more than 5.6 billion dollars will be spent by some advertisers on YouTube in 2013. Companiess advertisement expenditures are expected to exceed the amount spent in 2012 by more than 50%. This considerable rise is due to the fact that most advertisers are constantly trying to reach more and more […]
Read moreDecember 11, 2013 3:28 pm
Bayerische Motoren Werke AG, one of the largest manufacturers and sellers of luxury cars and motorcycle worldwide, has announced that it is considering to start building engines in North America and make steps towards expanding its vehicle production in the region. The company hopes its efforts will result in capitalizing on the growing customers demand […]
Read moreDecember 11, 2013 2:54 pm
Costco Wholesale gave investors a glimpse into how it fared in a challenging retail environment heading into the holiday season as the largest U.S. warehouse-club chain, reported fiscal first-quarter profit that trailed analysts’ estimates even as sales climbed as it offered greater discounts. Analysts were off on target, predicting Costco would step up the pace […]
Read moreDecember 11, 2013 12:31 pm
FirstGroup Plc., one of the largest transport operators in both the U.K. and North America, did not wait for a minute longer before striking back after one of its shareholders called for the company to sell its business in the U.S. Sandell Asset Management, a hedge fund with a stake estimated to about 3%, have […]
Read moreDecember 11, 2013 10:30 am
The largest foreign auto makers have recently started a fierce competition after three years of seizing market share from Chinese rivals. The goal of highest priority for Ford Motor Co., Volkswagen AG and Hyundai Motor Co. is to record significant market-share gains on the Chinese auto market, the largest one in the world. All three […]
Read moreDecember 10, 2013 1:48 pm
General Motors Co., or the company recently called “Government Motors” because of the huge help it received from US Government, is officially free from U.S. taxpayer ownership, signaling the domestic auto industry’s rebound from the deepest downturn since the Great Depression. Bailouts from the George W. Bush and Barack Obama administrations helped GM avoid liquidation […]
Read more