April 1, 2014 12:30 pm
According to a report by the Australian Financial Review, the largest mining company in the world by market capitalization – BHP Billiton Plc is considering a big spin-off of its nickel, manganese, and aluminium businesses into a separate division in order to increase its efficiency and become more focused on iron ore, copper, coal and […]
Read moreApril 1, 2014 11:13 am
Bouygues SA made an official statement today, revealing that it has extended the deadline of its offer to Vivendi SA for the acquisition of its SFR phone division from April 8th to April 25th. The company said in its statement, which was cited by Bloomberg, that it would provide Vivendi SA with “time to examine […]
Read moreApril 1, 2014 9:26 am
The total compensation of the Chief Executive Officer and founder of Facebook Inc. – Mark Zuckerberg, who is also considered as the 22nd richest person in the world according to Bloombergs Billionaires Index, fell by 67% to $653 165 in 2013. Mr. Zuckerberg made a decision not to participate in the 2013 bonus plan of […]
Read moreApril 1, 2014 8:54 am
Global equities, along with Britains headline index, edged higher at the start of Q2 amid renewed expectations for stimulus in China and dovish comments by Fed Chief Janet Yellen. Markets also drew support as manufacturing activity in the euro area expanded for a ninth straight month, with most of its leading economies posting better-than-expected performance. […]
Read moreApril 1, 2014 8:01 am
A Senate investigative committee released a report today, revealing that 2.4 billion dollars in taxes were avoided to be paid by Caterpillar Inc. in the U.S. through a corporate restructuring, under which the company shifted most of its profits from overseas replacement-part sales to a subsidiary in Switzerland. Caterpillar Inc., which is currently considered as […]
Read moreApril 1, 2014 6:33 am
The explanation of General Motors Co. why it is expanding the recall of models made between 2008 and 2011 is being questioned by congressional investigators. Yesterday the company announced that it is withdrawing more vehicles. In addition, General Motors Co. has more than doubled the costs estimates of the recalls during the first quarter. As […]
Read moreMarch 31, 2014 2:58 pm
KKR & Co. LP is planning to support a European train leasing venture to tap the liberalization of rail traffic in the region. The new company European Locomotive Leasing, which is based in Germany and Austria, made a deal for the acquisition of 50 Vectron electrical locomotives from Siemens AG. The price of the agreement […]
Read moreMarch 31, 2014 11:13 am
Huawei Technologies Co., which is based in China and is considered as the second-largest telecom services supplier in the world, made an official statement today, revealing that it projects a rising revenue of about 435.7 billion yuan (70 billion dollars) in 2018. The company said that its net profit increased by 34% in 2013. As […]
Read moreMarch 31, 2014 10:27 am
Britains headline index extended last weeks gains into Monday, buoyed by speculations the Chinese government will step in to stimulate its cooling economy, while the European Central Bank could further ease policy amid fears of deflation. Upbeat data from the US last week kept global equities underpinned, with investors eyeing the upcoming payrolls and manufacturing […]
Read moreMarch 31, 2014 8:51 am
ING Groep NV, a Netherlands-based company focused on providing its customers with financial services, announced that it is considering selling shares in its European insurance division and plans to resume paying dividends in 2015. ING Groep NV made an official statement today, revealing that the dividend will be paid after the company fully repays a […]
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