June 26, 2014 9:52 am
The Initial Public Offering of the manufacturer of wearable cameras used primarily by extreme sports enthusiasts – GoPro Inc. – raised a total of 427 million dollars after the companys shares were priced at the top end of marketed range. GoPro Inc. made a statement revealing that the company and its existing shareholders managed to […]
Read moreJune 26, 2014 8:50 am
General Mills Inc. made a statement, reporting its earnings over the fiscal fourth quarter that trailed analysts projections. The U.S.-based company, which is known for making the Cheerios cereal, also reported that it began a revision of its manufacturing and distribution network located in North America as part of a strategy that aims to cut […]
Read moreJune 26, 2014 7:44 am
Barnes & Noble Inc. made an official statement, revealing that it intends to split its bookstore chain and its Nook electronic-reader division into independent businesses that will be traded separately. This move of the company is provoked by the falling sales of both units and is planned to improve their performance, which has currently been […]
Read moreJune 26, 2014 7:31 am
General Motors Co., which has recently recalled more than 20 million vehicles in North America, may now face a problem related with the air bag of its top-selling Chevrolet Cruze. Mr. Jim Cain, who is one of the official representatives of the company, announced in a statement that about 33 000 vehicles may be equipped […]
Read moreJune 25, 2014 2:17 pm
The biggest smartphone manufacturer in the world – Samsung Electronics Co. Ltd made an announcement, confirming the initially reported data by a South Korean media that it expects its performance over the second quarter of the current financial year to be problematic due to increasing competition, which affects the profit growth of the companys mobile […]
Read moreJune 25, 2014 1:06 pm
Etihad Airways confirmed today that it reached an agreement to acquire Italy-based Alitalia in a deal that is believed to become the largest investment of the airline in a foreign carrier to date. Earlier in June the airline, which is based in Abu Dhabi revealed that it would purchase Alitalia in case it agrees to […]
Read moreJune 25, 2014 11:35 am
The new Chairman of Vivendi SA, who headed the company on June 24th – Mr. Vincent Bollore made a statement saying that he intends to lead the transformation of the French company into a media business and look for cooperation between the separate TV and music divisions. Mr. Bollore said in the statement, which was […]
Read moreJune 25, 2014 9:27 am
Ford Motor Co. presented a redesigned version of its Edge mid-sized SUV, which is going to be provided for sale in more than 100 countries worldwide. According to the companys statement yesterday, the upgraded 2015 Edge will be built on the same mechanical basis as the Fusion sedan model, but will have a new design […]
Read moreJune 25, 2014 8:27 am
The Spain-based Telefonica SA made an official statement today, revealing that it reached an agreement with Drillisch AG to sell 20% of its network capacity in an attempt to win the approval of antitrust regulators for its acquisition of the E-Plus division of Royal KPN NV. The company said in its statement, which was cited […]
Read moreJune 25, 2014 7:28 am
The Chief Executive Officer of AT&T Inc. – Mr. Randall Stephenson explained before the Congress that an eventual merger with DirecTV will bring more bargaining power with television programmers. Mr. Stephenson added that such a collaboration can put “downward pressure” on prices. Some analysts and politicians think there may be too much consolidation in the […]
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