April 14, 2014 12:58 pm
The biggest property developer by market value in South-East Asia – CapitaLand Ltd made an official announcement that it intends to buy the rest of its mall unit. The company revealed that it made an offer of 3.06 billion Singapore dollars (2.4 billion dollars), or 2.22 Singapore dollars per share for CapitaMalls Asia. CapitaLand is […]
Read moreApril 14, 2014 12:11 pm
The European unit of General Motors Co. – Adam Opel AG, which has been the largest problem of the company for years, seems to be close to breaking even before the predetermined schedule in 2016. The Chief Executive Officer of General Motors Co., Mary Barra felt relieved after announcing the news, as the company is […]
Read moreApril 14, 2014 11:38 am
Glencore Xstrata Plc made an official statement, revealing that it has reached an agreement with a Chinese consortium led by MMG Ltd, over the acquisition of its Las Bambas copper project located in Peru in an all-cash deal estimated to 5.85 billion dollars. This is one of the latest and biggest mining purchases of China. […]
Read moreApril 14, 2014 11:17 am
According to a person with knowledge of the matter, who asked not to be identified because the lay-offs are confidential, Citigroup Inc., the third-largest bank in the U.S., cut from 200 to 300 jobs in its stock and bond trades unit in an attempt to reduce its costs amid a slump. One of the representatives […]
Read moreApril 14, 2014 11:15 am
Peugeot SA, the second-largest auto manufacturer by volume in Europe, revealed that it will cut about a half of its product catalogue. The company also plans to bring back sustainable profitability of its automotive unit after losing more than 7 billion euros in 2012 and 2013 by turning the DS vehicles manufactured by its Citroen […]
Read moreApril 13, 2014 8:39 am
The widespread bug in the widely used Web encryption program OpenSSL, known as “Heartbleed”, can be found not only in hundreds of thousands of websites, email servers, ordinary PCs and firewalls, but on mobile devices as well. The flaw threatens the data privacy of millions of smartphone and tablet users running Google Inc.s Android operating […]
Read moreApril 11, 2014 1:39 pm
The Heartbleed Web-security bug, which affected the hardware, connecting both homes and businesses to the Internet turned out to be more serious than initially expected. The encryption bug has been recently discovered by researchers at Google Inc. and officially disclosed on Monday this week. Two of the largest network equipment makers in the world – […]
Read moreApril 11, 2014 12:50 pm
Activist investor Carl Icahn and eBay Inc. started breaking the ice about a month ago over a dinner at the apartment of Icahn in New York City, which was attended by the Chief Executive Officer of eBay – Mr. John Donahoe. They negotiated over the proposal of Icahn for a spin-off of the companys PayPal […]
Read moreApril 11, 2014 12:13 pm
Japanese electronics and entertainment company Sony Corp. made an official statement today, asking its customers to stop using its Vaio Fit 11A notebook computers as soon as possible due to a battery defect. The company explained there is a risk of batteries overheating that affects the DC jack inlet or LCD surrounding area. Sony Corp. […]
Read moreApril 11, 2014 9:29 am
Zynga Inc. made an official statement, announcing that it appointed Mr. David Lee, who is to take the position of Chief Financial Officer and Chief Accounting Officer of the company, replacing Mr. Mark Vranesh, who leaves after a six-year cooperation. The change in the executive ranks of Zynga Inc. comes as one of the steps […]
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