June 29, 2014 8:22 am
Shares in the United Kingdom surged on Friday, following a three-day loss, which pared the weekly drop to 0.74%. The FTSE 100 Index (UKX) gained 22.65 points, or 0.34% to close at 6,757.77 in London on Friday. The broader benchmark, FTSE All-Share Index, climbed 0.3%. The number of shares of FTSE 100-listed companies, traded on […]
Read moreJune 28, 2014 8:59 am
General Motors Co, the biggest US car manufacturer, recalled around 500 000 vehicles worldwide on Friday, the majority of which due to a software issue, bringing the total number of recalls to more than 20 million so far this year. The company announced that a software problem which affects the four-wheel drive of SUVs and […]
Read moreJune 27, 2014 1:53 pm
New York Attorney General Eric Schneiderman filed a lawsuit against Barclays Plc on June 25th, accusing the bank of misleading customers, including malicious moves and decisions by executives, the Wall Street Journal reported. Barclays was “telling investors they were diving into safe waters”, while its dark pool “was full of predators – there at Barclays’ […]
Read moreJune 27, 2014 1:17 pm
The biggest oil producer in Russia – NK Rosneft OAO announced today that it stroke a $1.5 billion deal with BP Plc. According to the terms of the deal, Rosneft is to supply BP with crude oil and fuel over the next five years. The Chief Executive Officer of NK Rosneft OAO – Mr. Igor […]
Read moreJune 27, 2014 11:52 am
Ranbaxy Laboratories Ltd rose in Mumbai trading after it managed to get the approval of the U.S. to start manufacturing a generic version of the blood pressure drug Diovan that is originally made by Novartis AG. This happens about two years after the 3.5-billion-dollar patent protection of the medicine was lost. In May, Mr. Arun […]
Read moreJune 27, 2014 9:49 am
The biggest sporting-goods manufacturer in the world – Nike Inc. – made a statement and shared its results for the fourth quarter of the financial year. The company announced that its profit over the period beat the initial analysts forecasts due to increased sales of running and basketball gear goods in North America. According to […]
Read moreJune 27, 2014 9:01 am
The shares of GoPro Inc., which produces wearable high-definition cameras used primarily by extreme sports enthusiasts, jumped by more than 30% yesterday, making an impressive stock-market début. Mr. Nicholas Woodman, the Chief Executive Officer of GoPro Inc., commented in a statement that was cited by Bloomberg: “Everybody of course was very curious about our media […]
Read moreJune 27, 2014 7:57 am
Alcoa Inc., the biggest aluminium manufacturer in the U.S., made a statement revealing that it reached an agreement over the acquisition of Firth Rixson Ltd, a UK-based aerospace-components producer. The cash-and-stock deal is estimated to about 2.85 billion dollars. “This falls right into our strategy of building Alcoa out into a lightweight metals innovation powerhouse,” […]
Read moreJune 26, 2014 2:19 pm
Mr. Al Verney, who is a spokesman of the biggest search provider in the world – Google Inc. – announced that the company has started removing some content in the European Union after it was forced by an EU court to respond to customers requests, who are seeking the “right to be forgotten” in case […]
Read moreJune 26, 2014 12:15 pm
Glencore Plc made an official statement today, announcing that it appointed Ms. Partice Merrin, who previously occupied the position of Canadian mining executive, as an independent non-executive director. The Chairman of the company – Mr. Tony Hayward commented the appointment in the statement, which was cited by Bloomberg: “Patrice’s in-depth experience of operating across the […]
Read more