June 4, 2014 8:45 am
AT&T Inc. explained that its acquisition of DirecTV will provide it with the opportunity to cut its TV content expenses, which is considered one of its largest video costs, by about 20%. The company also posted an increased 2014 revenue projection. The company made a regulatory filing yesterday, revealing that about 60% of its revenue […]
Read moreJune 4, 2014 7:48 am
The second-biggest life insurer in Japan by premium revenue – Dai-ichi Life Insurance Co. Ltd revealed that it will acquire the US-based Protective Life Corp. The two companies made an official joint statement, explaining that the Japanese company will pay 582.2 billion yen (5.7 billion dollars) to acquire the US company. The acquisition is considered […]
Read moreJune 3, 2014 2:21 pm
The largest auto manufacturer by revenue in India – Tata Motors Ltd. made an official statement that its non-executive vice chairman Mr. Ravi Kant has retired. The decision of Mr. Kant to step down comes in line with the policy of the auto maker, which requires its non-executive directors to retire once they turn 70. […]
Read moreJune 3, 2014 12:36 pm
Foxtons Group Plc made an official statement today, revealing that its Chief Executive Officer – Mr. Michael Brown has decided to depart from the company for personal reasons. The announcement of his departure comes about eight months after the property broker organized its initial public offering. According to the companys statement, Mr. Michael Brown will […]
Read moreJune 3, 2014 9:57 am
A person familiar with the process reported that the second-largest bank by assets in the U.K. – Barclays Plc plans to start cutting 100 jobs across its investment-banking and markets units in Asia and the Pacific until the end of the week. Recently, the British lender shared that it plans to reduce the number of […]
Read moreJune 3, 2014 8:41 am
According to an official e-mailed statement made by the U.S. research company Morningstar Inc., Pimco Total Return Fund, which is currently the biggest bond fund in the world and is run by Bill Gross, suffered a 4.3-billion-dollar loss in redemptions last month. One of the spokesmen of Pimco Total Return Fund – Mr. Mark Porterfield […]
Read moreJune 3, 2014 7:56 am
The annual conference of Apple Inc. that took place in San Francisco yesterday, proves on the efforts of the companys Chief Executive Officer Mr. Tim Cook to prevent programmers from choosing some of its competitors such as Google Inc. The research Chief at Kantar Worldwide – Mrs. Carolina Milanesi commented on the companys performance for […]
Read moreJune 3, 2014 7:37 am
Pilgrims Pride Corp., 75% of which is being held by the world largest meat company JBS SA, intends to increase its offer for Hillshire Brands Co. According to a person with knowledge of the issue, the companys new offer amounts to 55 dollars per share and beats the 50-dollars-a-share bid made by Tyson Foods Inc. […]
Read moreJune 2, 2014 2:28 pm
The Chief Executive Officer of Det Norske Oljeselskap ASA – Mr. Karl Johnny Hersvik announced at a presentation today that the company is to acquire the Norwegian business of Marathon Oil Corp. in a transformational deal that is estimated at 2.7 billion dollars. The purchase is considered to be beneficial for the company and would […]
Read moreJune 2, 2014 1:01 pm
The Switzerland-based Novartis AG made an official statement, revealing that Mr. Bruno Strigini was appointed as head of the companys cancer unit. Mr. Stirgini, who is going to occupy the leading position at one of Novartis most important unit – the oncology division, is known for previously taking the position of president of the European […]
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