March 27, 2014 9:59 am
Babcock International Group Plc made an official statement revealing that it has agreed to purchase private equity-owned Avincis Group in a deal estimated to 920 million pounds (1.52 billion dollars), absorbing 705 million pounds of Avincis debt. Currently, Babcock is trying to expand its reach in helicopter services by acquiring the company that works under […]
Read moreMarch 27, 2014 9:31 am
Britains FTSE 100 index opened lower on Thursday and slid for the first time in three days, tracking a fall in New York overnight on renewed concern that the crisis in Ukraine may escalate. Investors awaited the release of the final US fourth-quarter GDP growth, as well as weekly initial jobless claims numbers and retail […]
Read moreMarch 27, 2014 8:40 am
AOL Inc., which runs a global Web services business that provides a variety of brands and offerings, has been reported to be expanding its reach beyond Web publishing. AOL Inc. announced a system that offers companies a way to automate the process of selling and buying mobile, social media, television and web advertising, becoming the […]
Read moreMarch 27, 2014 7:34 am
The shares of General Motors Co. have fallen by almost 14% since Mary Barra took the position of Chief Executive Officer of the company. At the same time, Standard & Poors 500 Index has risen and so did the shares of Microsoft Corp., which also underwent through management changes. The companys shares were reported to […]
Read moreMarch 26, 2014 3:18 pm
The maker of the popular “Candy Crush” smartphone game – King Digital Entertainment Plc made an official statement, revealing that it managed to raise 500 million dollars in its initial public offering. The valuation of the company after its IPO was 7.09 billion dollars. According to the companys statement, King Digital entertainment Plc and its […]
Read moreMarch 26, 2014 1:18 pm
The largest auto manufacturer in South Korea – Hyundai Motor Co. revealed in an e-mailed statement that it is considering building a fourth vehicle plant in China. The move of increasing the capacity expansion is provoked by the companys attempt to become more competitive on the Chinese auto market, which is known as the worlds […]
Read moreMarch 26, 2014 11:19 am
HTC Corp. announced at a presentation in New York that it is releasing a new version of its flagship One smartphone. The company hopes to make a huge comeback and restore its profitability in the quarter ending June 30th, while trying to become a worthy competitor to Samsung Electronics Co. and Apple Inc. The company […]
Read moreMarch 26, 2014 9:25 am
SSE Plc, which is currently known as one of the biggest energy providers in the U.K., officially announced that it plans to freeze its energy prices until 2016. The company also revealed that it intends to sell some of its assets and cut debt while trying to raise about 1 billion pounds (1.65 billion dollars). […]
Read moreMarch 26, 2014 9:01 am
Britains FTSE 100 index gained after the Stoxx Europe 600 Index rose the most in three weeks as President Mario Draghi restated yesterday that the European Central Bank will act to safeguard the regions economy, if necessary. Optimism in the US recovery state, coupled with receding tension in Ukraine also supported global equities. Britains headline […]
Read moreMarch 26, 2014 8:34 am
Facebook Inc. scored its second-largest acquisition in 2014 after it agreed to acquire Oculus VR Inc. in a deal estimated to 2 billion dollars in cash and stock. Facebook Inc. made an official announcement revealing that it has agreed to purchase Oculus VR Inc., which is one of the newest virtual-reality eyeglasses manufacturers and is […]
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