August 6, 2014 7:46 am
The worlds largest auto manufacturer – Toyota Motor Corp. made an official statement yesterday, reporting that its profit jumped to a record over the last financial quarter. The upbeat results were tied to the rising SUV in the U.S., which managed to neutralize the negative impact of the decreasing demand in Japan. According to the […]
Read moreAugust 5, 2014 2:07 pm
Telefonica SA, the second-largest phone carrier in Europe, offered to buy Vivendi SA’s Brazilian Internet-provider unit GVT for 6.7 billion euros (9 billion dollars), in a move to shore up its leadership in Latin Americas largest market. The Spanish telecom giant made an official statement today, announcing that it offered Vivendi 11.96 billion reals (5.3 […]
Read moreAugust 5, 2014 12:49 pm
The largest luxury auto manufacturer in the world – Bayerische Motoren Werke AG (BMW) made an official statement today, posting the highest profitability from car manufacturing in three years. The upbeat result was tied to increasing demand in China and a larger number of customers attracted by the X5 sport-utility vehicle, the company said in […]
Read moreAugust 5, 2014 9:40 am
Hewlett-Packard Co. accused the former Autonomy Chief Executive Officer Mr. Mike Lynch in fraud and explained that it is also preparing to sue Autonomys ex Chief Financial Officer Mr. Sushovan Hussain. The executives of Autonomy and Hewlett-Packard have been attacking each other over the causes of the $8.8 billion writedown taken by HP Co. a […]
Read moreAugust 5, 2014 8:42 am
American International Group Inc. made an official statement yesterday, posting a 13% jump in second-quarter profit on a gain tied to the divestiture of an aircraft-leasing division. According to the statement of American International Group Inc., its net income increased from 2.73 billion dollars, or 1.84 dollars per share over the same period last year, […]
Read moreAugust 5, 2014 8:09 am
LinkedIn Corp., which is currently the biggest professional social-networking company in the world, revealed in a statement that it agrred to pay 6 million dollars in unpaid wages and damages to a total of 359 current and ex employees of the company in Illinois, New York, California and Nebraska. The administrator of the Department of […]
Read moreAugust 5, 2014 7:55 am
Roche Holding AG made an official statement, revealing that it is to acquire the privately held Danish biopharmaceutical company Santaris Pharma in a deal valued at up to 450 million dollars. Roche also announced that the acquisition would give it access to a series of drugs for diseases that have proved hard to treat. Mr. […]
Read moreAugust 4, 2014 2:25 pm
Russia-based OAO Aeroflot made an e-mailed statement yesterday, saying that it suspended the flights of its low-cost division because of some sanctions, which were imposed to the company by the European Union as punishment over the crisis in Ukraine. According to the statement of OAO Aeroflot, which is a state-run flag carrier, servicing, insurance and […]
Read moreAugust 4, 2014 1:36 pm
McDonalds Corp., which is currently the biggest restaurant chain by sales in the world, made an official statement today, revealing that it intends to resume the sale of beef and chicken burgers in some Chinese cities. The company suspended the sale of some of its products two weeks ago, after one of its main suppliers […]
Read moreAugust 4, 2014 1:17 pm
HSBC Holdings PLC, Europe’s biggest bank, reported declining profits for the first half of 2014 earlier today. The company highlighted the growing regulatory pressure has made its staff more “risk averse”, eroding earnings in a “risk-managing business”. Revenue for the first half was down 9% on an annual basis to $31.17 billion, while pretax profits […]
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