May 22, 2014 1:28 pm
The Chief Executive Officer of Sony Corp. – Mr. Kazuo Hirai once again promised to swing the company back to profit. Mr. Hirai shared the ambitious goal set by Sony to increase its operating profit three times by next fiscal year. As reported by the Wall Street Journal, Chief Executive Officer Hirai said in a […]
Read moreMay 22, 2014 12:19 pm
Vivendi SA made an official statement, revealing that it intends to sell about half of its remaining stake in Activision Blizzard Inc. The offering is estimated to more than 850 million dollars. The company also shared that the sale is going to be made under an existing agreement. The deal includes selling a total of […]
Read moreMay 22, 2014 9:53 am
SABMiller Plc also revealed its full-year earnings in the statement. As reported by the Wall Street Journal, Mr. Alan Clark, who is the current Chief Executive Officer of the company, said: “We have produced a resilient performance in the face of a number of headwinds”. Mr. Clark also added in the companys statement, which was […]
Read moreMay 22, 2014 8:36 am
General Electric Co. is planning to carry out an initial public offering of its consumer-lending division, saying that it expects another “staged exit”. The company is considering to dispose of assets that amount to more than 4 billion dollars until the end of 2014. It had first used the term “staged exit” when it shared […]
Read moreMay 22, 2014 7:47 am
Google Inc. made a disclosure in a letter to the U.S. regulatory authorities, saying that it may spend as much as 30 billion dollars on eventual acquisitions outside its home market. Recently, the company has concentrated on purchases into overseas markets and foreign businesses. The company wrote in its letter to the Securities and Exchange […]
Read moreMay 22, 2014 7:29 am
The Chinese online retailer JD.com Inc., which has just had its initial public offering, has managed to raise 1.78 billion dollars. The result is higher than the initially expected and indicates that e-commerce companies in the country are subject to increased investors interest. The company was reported to be also selling shares to the biggest […]
Read moreMay 21, 2014 2:20 pm
The second-biggest US home-improvement retailer – Lowes Companies Inc. made an official statement today, revealing its results for the first financial quarter of the year. The company posted profit for the three months that ended May 2nd, that surpassed analysts estimates, despite demand was weaker over the period, due to unfavourable weather conditions. Mr. Robert […]
Read moreMay 21, 2014 1:03 pm
AP Moeller Maersk A/S, which owns the biggest container-shipping line globally, made an official statement sharing its results for the first quarter of the current financial year. The company revealed that the profit of Maersk Line unit, which transports about 15% of the worlds containers, more than doubled in the first three months of 2014. […]
Read moreMay 21, 2014 12:06 pm
According to people familiar with the process, Twitter Inc. has started talks to acquire or partner with several music startups as part of its strategy to focus on increasing its user growth. One of the people with knowledge of the matter, who asked not to be named because the information is still not public, reported […]
Read moreMay 21, 2014 9:45 am
The biggest UK luxury-goods manufacturer – Burberry Group Plc made an official statement today, revealing full-year profit, that surpassed analysts estimates. These are the first results posted by the company since the position of Chief Executive Officer was occupied by Mr. Christopher Bailey in May this year. Burberry Group Plc revealed in its statement that […]
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