June 5, 2014 1:24 pm
International Business Machines Corp. made an official statement revealing that it reached an agreement to work in collaboration with the Shanghai Airport Authority. The alliance is expected to build a software system to assist it manage the Hongqiao International Airport. The company said in its statement that its cloud computing work in partnership with Shanghai […]
Read moreJune 5, 2014 12:31 pm
The shares of the biggest online-only fashion retailer in the U.K. – Asos Plc sharply decreased by as much as 42% in early trading Thursday, reducing its market value by about 1.7 billion pounds (2.9 billion dollars). This happened after the company warned that it expects its annual profit to be lower than initially projected, […]
Read moreJune 5, 2014 10:07 am
Henkel & Co. KgaA AG made an official statement today, announcing that it agreed to purchase Spotless Group SAS for 940 million euros (1.3 billion dollars). The deal for Spotless would be the largest deal of the companys Chief Executive Officer since taking the position in April 2008. This is Henkels second acquisition in a […]
Read moreJune 5, 2014 8:55 am
According to a person with knowledge of the process, General Motors Co. will reveal the results of its internal investigation into why it took more than ten years in order to withdraw potentially dangerous vehicles that are considered related to 13 fatal accidents. The person close to the company, who asked not to be named […]
Read moreJune 5, 2014 7:45 am
According to a person familiar with the process, Amazon.com Inc., which is currently the biggest online retailer, is considering to reveal a smartphone later this month. The step would be part of the companys strategy to get a larger piece of the highly-competitive mobile-device market. The company announced in a tweet that it is planing […]
Read moreJune 5, 2014 7:29 am
According to people familiar with the process, Sprint Corp. is coming closer to an agreement on the price, termination fee and capital structure of the T-Mobile U.S. Inc. takeover. The acquisition could estimate the wireless carrier at almost 40 dollars per share. The two companies are reported to have reached an agreement on the broader […]
Read moreJune 4, 2014 2:34 pm
The largest car manufacturer in Europe – Volkswagen AG made an official statement today, revealing that it sold 2 billion euros (2.7 billion dollars) in preferred stock. The company explained that the proceeds gained by the sale are intended to be used for partly funding the 6.7-billion-euro acquisition of the Swedish truck manufacturer Scania AB. […]
Read moreJune 4, 2014 1:19 pm
Frasers Centrepoint Ltd, which is a property company based in Singapore, made a bid for the acquisition of the Australian residential developer and office landlord Australand Property Group. Australand Property Group itself made a regulatory filing today, revealing that the price of the deal amounts to 2.6 billion Australian dollars (2.4 billion dollars). This is […]
Read moreJune 4, 2014 12:20 pm
General Motors Co. made an official e-mailed statement, revealing that it posted its best auto sales on a monthly basis in the U.S. The company joined a number of auto manufacturers, which also reported better-than-expected sales results in the previous month, due to increased customer demand for pickups and sport-utility cars. One of the analysts, […]
Read moreJune 4, 2014 9:41 am
Tesco Plc, the largest grocery chain in the U.K., announced a 3.7% decline in its sales over the first financial quarter of the year. The announcement comes at a time when the company is facing a fierce price competition with discount rivals. The Chief Executive Officer of Tesco Plc – Mr. Philip Clarke said in […]
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