April 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 […]
Read moreApril 11, 2014 8:50 am
General Motors Co. made an official statement, revealing that it is charged 1.3 billion dollars for the cost of recall-related repairs during the financial quarter that was through on March 31st. This makes the situation for the company even tougher, as it may post its first quarterly loss since 2009. Before the recalls, the company […]
Read moreApril 11, 2014 8:22 am
Amazon.com Inc., the biggest online retailer globally, made a filing with the Securities and Exchange Commission in the U.S., saying that Jeff Bezos, who is the founder and the Chief Executive Officer of the company, was paid a total of 1.68 million dollars in 2013. The payment was not changed for a second straight year […]
Read moreApril 10, 2014 1:55 pm
The largest clothing retailer in Asia – Fast Retailing Co. – made an official statement today, revealing that it reduced its initial projection for its annual profit due to increasing costs and decreasing demand. The company posted a net profit decline, which amounted to 1.4% during the first half of its financial year. Fast Retailing […]
Read moreApril 10, 2014 12:10 pm
Vodafone Group Plc made an official announcement, that it has reached an agreement with Piramal Enterprises Ltd to buy out Piramals stake in its mobile-phone unit in India. The deal equals 11% of Vodafone India and is estimated to 89 billion rupees (1.48 billion dollars). According to Piramal, the company is valued at 1,960 rupees […]
Read moreApril 10, 2014 11:44 am
The biggest retailer in France and the second-largest one by sales worldwide – Carrefour SA made an official announcement today, posting a revenue for the first quarter of the financial year that matches analysts forecasts. The company, however, explained that its sales were influenced by losses from weakening currencies of emerging markets and lower fuel […]
Read moreApril 10, 2014 8:40 am
The largest apparel retailer on the territory of the U.K. – Marks and Spencer Group Plc, made an official statement today, revealing that it has managed to post a lesser than projected drop in general merchandise sales during the last quarter of 2013, as demand for womens clothing increased. Non-food sales at stores open at […]
Read moreApril 10, 2014 8:08 am
The Motorola Mobility unit of Google Inc. officially announced on its website that the executive of the product management division – Mr. Rick Osterloh was appointed as president of the entire unit. Mr. Osterloh will report directly to the operating board of Motorola Mobility until the planned 2.91-billion-dollar acquisition of the handset business by Lenovo […]
Read moreApril 10, 2014 7:49 am
AT&T Inc. made an official statement today, revealing that it is in advanced process of negotiations over offering the so-called U-verse GigaPower fibre-optic service, which is considered to be the fastest Internet service so far with a speed of up to one gigabit per second. The company has decided to launch the service in six […]
Read moreApril 9, 2014 2:40 pm
Woolworths Holdings Ltd reached an agreement to acquire the Australian retailer David Jones Ltd in a deal estimated to 2.15 billion Australian dollars (2 billion dollars). Woolworths Holdings has been recently trying to expand its reach on the Australian market, which is an attractive destination not only for the company, but also for some of […]
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