March 31, 2014 8:34 am
The official representatives of Caterpillar Inc., which is a manufacturer of construction and mining equipment, will try to prove it shares the responsibility of millions of Americans in filing their income-tax returns. Now it is turn to Caterpillars executive officers to be put under evaluation by the senate committee for allegedly exploiting opportunities to avoid […]
Read moreMarch 28, 2014 2:58 pm
The second-largest bank by assets in Italy – Intesa Sanpaolo SpA made an official statement, posting a fourth-quarter loss estimated to 5.19 billion euro (7.14 billion dollars). The bank also revealed that it has made post-tax writedowns in annual results that amounted to 5.8 billion euros and raised its loan-loss provisions by 51% to 7.1 […]
Read moreMarch 28, 2014 1:48 pm
BlackBerry made an official statement, posting a smaller quarterly loss than previously expected by analysts. The result is considered to be due to the efforts of John Chen, who is the new Chief Executive Officer of the company. However, the companys revenue missed the analysts expectations and fell bellow 1 billion dollars for the first […]
Read moreMarch 28, 2014 12:37 pm
The largest offshore oil and natural gas exporter in China – Cnooc Ltd made an official statement, revealing a lower 2013 profit, which also missed the estimates of analysts. In addition, the companys earnings were influenced by higher operating costs and lower crude prices. However, despite the decreasing profit, the company announced that it plans […]
Read moreMarch 28, 2014 10:04 am
According to people close to Amazon.com, the company is considering the launch of streaming television and music-video service, which are to be supported by advertising. The people familiar with the process revealed that Amazon.com has shared its idea of the new service, which could be released in the months yet to come, with its potential […]
Read moreMarch 28, 2014 9:39 am
The Chief Executive Officer of Microsoft Corp. – Mr. Satya Nadella – made his first public appearance since taking over the position in February. Mr. Nadella chose to launch new Office software that is compatible with the iPad of Apple Inc., which is considered by analysts as a departure from the companys sole focus on […]
Read moreMarch 28, 2014 9:15 am
European equities, along with Britains headline index, rose on Friday after recent weak data points from China, which spurred fears of a slowdown in the worlds second-biggest economy, prompted Premier Li Keqiang to announce that the government will safeguard its growth target and will push ahead with infrastructure investment. A brighter economic outlook in the […]
Read moreMarch 28, 2014 8:19 am
The Chief Executive Officer of Facebook Inc. – Mr. Mark Zuckerberg – announced that the company is working on delivering the Internet even to the most remote areas in the world via drones, satellites, and other new technologies. Mr. Zuckerberg said in a post published on Facebook, which was cited by the Financial Times: “In […]
Read moreMarch 27, 2014 1:13 pm
The largest auto manufacturer in the world – Toyota Motor Corp. made an official statement, revealing that it plans a buyback of its stock for the first time in about five years due to increasing profit. The company explained that it will buy back up to 60 million of its own shares, or 1.89%, for […]
Read moreMarch 27, 2014 10:36 am
The second-largest clothing retailer in Europe – Hennes & Mauritz AB, commonly known as H&M, made an official statement today, revealing that costs of the company for online expansion influenced on its profit for the first quarter of 2014. H&M posted an 8.7% increase of its operating profit, which jumped to 3.4 billion kronor (526 […]
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