April 30, 2014 9:54 am
The third-biggest luxury car manufacturer in the world – Daimler AG – made an official statement today, revealing that its earnings for the first quarter of the current financial year rose by 95% due to increased demand for new models. The company said that its earnings before interest and taxes increased from 917 million euros […]
Read moreApril 30, 2014 8:25 am
Microsoft Corp. made an e-mailed statement yesterday, revealing that it will start offering its Chinese customers the Xbox One video-game console in September this year. This is going to happen about 8 months after the ban imposed by the Chinese regulatory authorities was lifted in January 2014. The ban was imposed by regulators 13 years […]
Read moreApril 30, 2014 7:32 am
Twitter Inc. made an official statement yesterday, reporting decreasing user growth. The user growth declined to 25% in comparison to the 30% growth posted in the previous period, as the company got 255 million active users over the first quarter of the current financial year. The Chief Executive Officer of Twitter – Mr. Dick Costolo […]
Read moreApril 29, 2014 1:22 pm
The second-largest television manufacturer in the world – LG Electronics Inc. announced its results for the first quarter of the current financial year in an official statement today. The company posted operating profit for the first three months of 2014 that almost doubled analysts forecasts, due to increasing demand for large-screen television sets with high-resolution […]
Read moreApril 29, 2014 12:09 pm
Comcast Corp. and Charter Communications Inc. reached an agreement, according to which the latter is to take over 3.9 million more cable-TV subscribers. The deal is supposed to help Comcast get the approval of regulatory authorities for its 45-billion-dollar acquisition of Time Warner Cable Inc., which was announced earlier this month. About 1.4 million existing […]
Read moreApril 29, 2014 9:41 am
The biggest subscription streaming service in the world – Netflix Inc. made a statement, saying that it reached an agreement with Verizon Communications Inc. over getting a more direct access to its FiOS broadband network. Currently, Netflix Inc. has mainly focused on making its video-streaming services more reliable for its customers, as well as providing […]
Read moreApril 29, 2014 8:32 am
The second-biggest oil manufacturer in the U.K. – BP Plc made an official statement today, revealing a decreasing first-year profit, due to lower production and diminishing earnings at refineries. The announcement comes at a time when the company is still working to reorganize itself after the Deepwater Horizon explosion and the following oil spill in […]
Read moreApril 29, 2014 7:38 am
The biggest smartphone manufacturer in the world – Samsung Electronics Co. made a statement, posting its net profit for the first quarter of the current financial year that managed to surpass the analysts forecasts due to increasing demand for the Galaxy series devices and amid boosted TV sales. The smartphone profit margin remained flat at […]
Read moreApril 29, 2014 6:54 am
Nokia made an official statement, announcing that Mr. Rajeev Suri will take the position of Chief Executive Officer on May 1st. This appointment is to put an end to a several-month search for a person to take the place of the former CEO Elop, who left the company after the 7.5-billion-dollar acquisition of Nokias handset […]
Read moreApril 28, 2014 2:46 pm
Ophir Energy Plc has pulled out its offer to Premier Oil Plc for merging the two companies businesses. According to people with knowledge of the process, Premier Oil has rejected two offers for acquisitions. Ophir Energy has been seeking to finalize a merger with a larger competitor in order to boost its cash flow. As […]
Read more