April 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 […]
Read moreApril 9, 2014 1:50 pm
The largest retailer worldwide, Wal-Mart Stores Inc., officially announced today that it plans to open 50 new wholesale stores, which will be cash-and-carry outlets, in India. This is going to be the end of the expansion freeze of the company in the region, after dealing with close monitoring and evaluation by the government, as the […]
Read moreApril 9, 2014 11:59 am
Facebook Inc., the leading social network globally, made an official announcement that it has surpassed 100 million active users in India. This proved that India has become social networking groups second-largest national market after the U.S., where such a number has been achieved. This is a considerable growth, given the 8 million users the company […]
Read moreApril 9, 2014 9:32 am
Daimler AG, which manufactures premium cars and commercial vehicles and currently the third-largest luxury cars maker in the world, remains certain about its 2014 forecast after it managed to sell more vehicles during the first quarter of the financial year in comparison with the same period a year earlier. The Chief Executive Officer of Daimler […]
Read moreApril 9, 2014 8:43 am
The largest car manufacturer worldwide – Toyota Motor Corp. made an official statement, revealing that it will recall 6.76 million vehicles all over the world. Considering the fact that some of the vehicles are included in duplicate withdrawals, the total number of companys vehicles is 6.39 million. According to companys statement, a total of 27 […]
Read moreApril 9, 2014 8:07 am
The largest cable company in the U.S. – Comcast Corp. – made an official filing, explaining to countrys regulators that in case it gets the permission to purchase Time Warner Cable Inc. for the sum of 45 billion dollars, it will able to offer advanced video services and distribute high-quality Internet service. The company shared […]
Read moreApril 8, 2014 1:57 pm
According to people with knowledge of the process, the car and trucks manufacturer General Motors Co. is expected to officially announce its decision to invest 450 million dollars in two new plants based in Michigan. General Motors is to take this step in order to boost its research and production of the hybrid-electric vehicles Chevrolet […]
Read moreApril 8, 2014 12:52 pm
According to a letter that was sent on Monday to the shareholders of Room 77, Google Inc., currently the largest Internet-search company, is going to license the hotel-booking software from Room 77 Inc. The deal will expand Google Inc.s reach and provide it with access to technology from Room 77, a company supported by Expedia […]
Read moreApril 8, 2014 11:34 am
Nokia made an official announcement today that its deal with Microsoft Corp. over the acquisition of its handset unit for 5.4 billion euros (7.4 billion dollars) was approved by regulators in China. The company also announced that Chinese regulators had not requested from it to change its patent practices. As reported by Reuters, Nokia said […]
Read moreApril 8, 2014 8:49 am
Takeda Pharmaceutical Co. Ltd, the largest drug manufacturer by revenue in Japan, was imposed a 6-billion dollar fine by a U.S. jury in punitive damages in a case associated with the companys diabetes drug Actos. The company was accused of hiding the cancer risks of the drug in question. The co-defendant of Takeda – Eli […]
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