July 11, 2014 1:40 pm
Friends Life Group Ltd made a statement today, announcing its intentions to return cash to its shareholders, after Blackstone Group LP reached an agreement to acquire its European wealth-management division in a deal valued at about 356 million pounds (610 million dollars). The Chief Executive Officer of Friends Life Group Ltd – Mr. Andy Briggs […]
Read moreJuly 11, 2014 12:52 pm
Imperial Tobacco Group Plc, which is the fourth-biggest cigarette producer in the world, made a statement that it is currently having talks with Reynolds American Inc. and Lorillard Inc. over the acquisition of brands that are property of the two U.S. tobacco companies in the event of a merger between them. As reported by the […]
Read moreJuly 11, 2014 11:39 am
The second-biggest software services company in India – Infosys Ltd made an official statement today, posting its profit for the first fiscal quarter of the year that surpassed the median analysts forecast due to a larger number of orders the company received. The newly-appointed Chief Operating Officer of Infosys Ltd – Mr. U.B. Pravin Rao […]
Read moreJuly 11, 2014 9:17 am
The President of Nissan Motor Co.s Infinity luxury brand – Mr. Johan de Nysschen – is leaving the unit after spending two years on the position. One of Infinitis spokesmen – Mr. Stefan Weinmann revealed that the news of the resignation was announced internally today. The divisions spokesman also shared that the control of Nissans […]
Read moreJuly 11, 2014 8:31 am
The worlds top two container-shipping carriers – AP Moeller Maersk A/S and MSC Mediterranean Shipping Co. revealed yesterday that they have reached an agreement to share vessels on some of the busiest trade routes in the world. The step of the two companies comes after a proposal for a three-way alliance was banned by the […]
Read moreJuly 11, 2014 7:41 am
Amazon.com Inc. sought permission from US aviation regulatory authorities to expand the testing of its drones outside the companys research laboratory in a letter published on a government website. According to the web retailers statement, it has set a goal of delivering packages weighing less than 5 pounds (2.3 kilograms) with automated aircraft that will […]
Read moreJuly 10, 2014 1:25 pm
The 2008 economic crisis that has affected most of the worlds markets also had its impact on the Doityourself (DIY) multiples market in the U.K. over the last six years. The overall economic and construction declined in the U.K. DIY market made the situation pretty unstable even for the market leaders. Currently, the DIY multiples […]
Read moreJuly 10, 2014 12:34 pm
The biggest UK luxury-goods manufacturer – Burberry Group Plc made a statement today, posting its revenue over the first fiscal quarter, that surpassed the median analysts forecast due to successful digital marketing initiatives, which increased the companys sales. The Chief Executive Officer of the company – Mr. Christopher Bailey, who is also Burberrys creative head […]
Read moreJuly 10, 2014 11:57 am
Samsung Electronics Co., the biggest smartphone manufacturer in the world, made an official e-mailed statement today, saying that it is to investigate accusations of child labor at one of its suppliers. A New York-based labor protection group, China Labor Watch, had said gross violations of Samsungs ethics code were conducted, only days after the company […]
Read moreJuly 10, 2014 8:14 am
International Business Machines Corp. made an official statement, revealing that it intends to invest 3 billion dollars on semiconductor research and development over the next five years, despite the company is considering selling its chip-manufacturing unit. According to IBMs statement, two programs for smaller and more powerful chips development and manufacturing will be funded. The […]
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