December 23, 2014 10:46 am
The proposed $45-billion merger of Comcast Corp. with Time Warner Cable Inc. has once again been delayed. This time the postponement of the deal occurred, as Time Warner Cable failed to provide the Federal Communications Commission with the required documents on time. A spokesperson of Comcast, Sena Fitzmaurice, said in an e-mailed comment on the […]
Read moreDecember 23, 2014 10:31 am
Alstom SA pleaded guilty and agreed to pay a total of $772 million in order to end an investigation carried out by the U.S. Justice Department over a “widespread” bribery scheme to win energy contracts in Indonesia and the Middle East. The Chief Executive Officer of Alstom, Patrick Kron, said in a statement, cited by […]
Read moreDecember 22, 2014 4:13 pm
NK Rosneft’ OAO reported that a total of $7 billion in debt was repaid. The company also said it is generating enough profit in order to meet its obligations related to the $55-billion purchase of TNK-BP in 2013. Rosneft claimed its ambitions to become the biggest traded oil producer worldwide. A total of $25 billion […]
Read moreDecember 22, 2014 12:16 pm
Fosun International Ltd revealed that it made another offer for Club Meditarranee SA, which extended the deadlock between the parties. The step also emphasized on the China-based conglomerate’s determination to win the long-lasting takeover battle for the French resort company. According to the announcement, the bid is made in collaboration with some partners of Fosun […]
Read moreDecember 22, 2014 10:32 am
Nissan Motor Co. Ltd, having the largest market share in Russia together with its partners Renault SA and OAO AvtoVAZ, announced that it has decided to stop taking orders for some of its vehicle models in the country. In addition, the company revealed that it intends to continue increasing the prices in case that the […]
Read moreDecember 19, 2014 12:45 pm
Google Inc. shared its concern that state attorneys were made by the Motion Picture Association of America to put the company under pressure over anti-piracy efforts. This move is considered a sign of bringing the tensions between Silicon Valley and Hollywood over a proposed anti-piracy law in the U.S. in 2011. According to Google, the […]
Read moreDecember 19, 2014 9:13 am
Chevron Corp. revealed in a letter to the National Energy Board of Canada that it has decided to “indefinitely” cease plans to drill for oil in the Arctic Beaufort Sea. The companys choice was explained to be due to the lack of certainty in the projection of crude prices. The company owns two licenses that […]
Read moreDecember 18, 2014 9:40 am
The largest liquor manufacturer in the world, Diageo Plc, reported its Thanksgiving sales, which came short of projections, as its growth in the US spirits industry declined. As a result, the companys shares fell the most in eight months in London trade. North America is the largest and most profitable market of the U.K.-based Diageo. […]
Read moreDecember 18, 2014 8:28 am
BlackBerry revealed a new physical keyboard-equipped device, which is expected to bring the Canada-based company back to its roots and lure back traditional customers. The company said that it is planning to work in collaboration with different carriers all over the world in order to reach more customers. The new phone by BlackBerry is currently […]
Read moreDecember 17, 2014 1:03 pm
Philips Electronics made an official statement today that it reached an agreement over the acquisition of Volcano Corp. in a deal estimated to over $1 billion. The step is considered as part of companys strategy to expand its reach in catheter-based imaging of both the heart and blood vessels in an attempt to focus on […]
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