April 16, 2014 9:36 am
Danone SA, the largest yoghurt manufacturer in the world, made an official statement today, announcing a 5.2% decline in its sales during the first quarter of the current financial year. The results are due to foreign-exchange movements in some of the companys key emerging markets. Over the last couple of years, the company has been […]
Read moreApril 16, 2014 8:43 am
The Chief Executive Officer of General Motors Co. – Ms. Mary Barra – said that she intends to create a team of experts in order to make General Motors vehicles absolutely safe. In the light of recent massive recalls due to ignition-switch problems, Ms. Barra promised to shift the companys focus to the new vehicles […]
Read moreApril 16, 2014 7:52 am
The Coca-Cola Co., the worlds biggest soda manufacturer seems to be slowly gaining momentum in the first quarter of 2014. The companys profit, excluding some items was 44 US cents per share in the Q1, in line with analysts estimates. In addition, the sales growth in China was robust during the first three months of […]
Read moreApril 15, 2014 1:15 pm
According to a statement posted today, Zebra Technologies Corp. managed to reach an agreement with Motorola Solutions Inc. over the acquisition of Motorolas enterprise unit in a deal estimated to 3.45 billion dollars. The deal is expected to be finalized by the end of 2014. Zebra revealed on Tuesday that the company will finance the […]
Read moreApril 15, 2014 12:11 pm
The Swiss drug manufacturer Roche Holding AG made an e-mailed statement today, announcing that the first-quarter sales of its breast-cancer drugs increased by 17%, as its new drugs outstripped analysts estimates, compensating for the decrease of Roches overall revenue. The company announced that its overall group sales decreased to 11.496 billion Swiss francs (13.06 billion […]
Read moreApril 15, 2014 9:28 am
The global liquor giant Diageo Plc, which is based in the U.K. and is also known as the maker of Johnnie Walker scotch and Smirnoff vodka revealed in an e-mailed statement today that it offered to acquire a 26% stake in United Spirits Ltd for 3 030 rupees a share. The overall price of the […]
Read moreApril 15, 2014 9:18 am
Infosys Ltd, the second-largest exporter of software services in India, made an official statement today, projecting that its dollar-denominated revenue will increase from 7 to 9% for the 12 months that started on April 1st. The full-year sales growth forecast of the company surpassed the median analysts estimate of an increase between 6 and 8.3%. […]
Read moreApril 15, 2014 9:12 am
The largest food company in the world – Nestle SA – made a statement today, revealing its worst first-quarter sales growth since 2009. The company announced that its sales increased by 4.2% excluding acquisitions, divestments and currency shifts in the first quarter of the current financial year. The result matched the median analyst forecast and […]
Read moreApril 15, 2014 6:32 am
Google Inc. made an official statement, revealing that it has acquired the start-up Titan Aerospace, which is known for specializing in high-altitude drones powered by solar light. Purchasing Titan Aerospace would expand the companys reach all over the world providing it with access to a vast range of data services. Google said that the new […]
Read moreApril 14, 2014 2:58 pm
The US chip manufacturer Intel Corp., is to become more focused on Chinese tablet makers in an attempt to escape a slump it was currently facing, amid slowing sales in the PC market. The idea of the Chief Executive Officer of the company – Mr. Brian Krzanich is to shift the focus from the currently […]
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