June 19, 2014 9:54 am
The second-biggest commercial aircraft engines manufacturer in the world – Rolls-Royce Holdings Plc made an official statement today, revealing that it intends to buy back 1 billion pounds ($1.7 billion) in stock. Following the announcement, the companys shares rose as much as 7.2%, the most since July 2012. The share buy back represents about 5% […]
Read moreJune 19, 2014 8:47 am
The CEO of General Motors Co. – Ms. Mary Barra made her second appearance before a subcommittee of the U.S. House of Representatives, which interrogated her for almost three hours on the matters of the slow recall of vehicles with an ignition switch defect, linked to the death of at least 13 people. Ms. Barra, […]
Read moreJune 19, 2014 7:53 am
Citigroup Inc., the third-biggest bank by assets in the U.S., revealed in an e-mailed statement today that it appointed Mr. Mark Slaughter as a corporate and investment banking Chief in Asia, succeeding Mr. Farhan Faruqui, who left the company last month. One of the bank’s spokesmen – Mr. James Griffiths – explained that Mr. Slaughter […]
Read moreJune 19, 2014 7:32 am
The Chief Executive Officer of Amazon.com Inc. – Mr. Jeff Bezos – officially revealed the company’s first smartphone, which features some characteristics that undoubtedly distinguish it from other products of such type, at the event on June 18th. Amazon.com Inc. officially announced that its Fire Phone will be released on July 25th and will be […]
Read moreJune 18, 2014 2:15 pm
Citigroup Inc. revealed that the global head of foreign exchange unit of the bank – Mr. Jeff Feig is departing from the company after working there for more than 25 years. As reported by Reuters, one of the Citigroup Inc.s spokesmen explained: “Given his tenure in his role, his departure was well-anticipated, and part of […]
Read moreJune 18, 2014 12:41 pm
According to people with knowledge of the process, General Electric Co. is currently negotiating with France in order to bring more clarity on jobs guarantees, planned investments and nuclear technology access as well. As reported by the people, who asked not to be named, because the talks are still not public the company is trying […]
Read moreJune 18, 2014 12:09 pm
Zoopla Property Group Plc, which owns the real estate websites Zoopla and PrimeLocation increased on its first day of trading. The successful performance can be attributed to the fact that Zooplas controlling investor Daily Mail & General Trust Plc (DGMT) benefits from the climbing housing market in the U.S. One of the analysts, who work […]
Read moreJune 18, 2014 10:02 am
The second-largest clothing retailer in Europe – Hennes & Mauritz AB made an official statement today, posting its biggest quarterly profit growth in a period larger than four years. The company said that its sales growth in the three months ended May 31st was benefited from its online expansion and new store formats. Mr. Karl-Johan […]
Read moreJune 18, 2014 8:36 am
BP Plc made an official statement, revealing that it sealed a contract to supply China National Offshore Oil Corp. with liquefied natural gas. The deal is valued at about 20 billion dollars and is considered one of the series of deals that will be unveiled during the Chinese Premier Li Keqiangs visit to the U.K. […]
Read moreJune 18, 2014 8:08 am
The Australian Securities and Investments Commission (ASIC) made an official statement, revealing that the largest gold manufacturer by market value in Australia – Newcrest Mining Ltd agreed to pay 1.2 million Australian dollars (1.1 million dollars) in fines. The company was reported to have confessed that it disclosed market-sensitive information in June last year and […]
Read more