March 25, 2014 1:39 pm
The Japanese telecoms group Softbank Corp. owns stakes in more than 1 300 other companies. The largest investment made by Mr. Masayoshi Son, who is the head of Softbank, dates from 2000 and amounts to 20 million dollars. The acquisition in question is the purchase of a 36.7% stake in Alibaba, which could be worth […]
Read moreMarch 25, 2014 10:37 am
British insurer RSA Insurance Group made an official statement today, announcing that it is planning to raise about 773 million pounds (1.28 billion dollars) in a rights offering. The company is said to be focused on increasing its capital cushion after an accounting scandal at its Irish division. This step of the company is considered […]
Read moreMarch 25, 2014 10:04 am
Britains FTSE 100 index edged higher on Tuesday, led by British budget airline EasyJet Plc, with investors being encouraged by speculation of fresh economic stimulus in China after recent downbeat figures. Low inflation numbers out of the U.K. supported BOEs view to keep interest rates at a record low. Market players also monitored diplomatic developments […]
Read moreMarch 25, 2014 9:26 am
Centrica Plc, which is currently known as the largest energy supplier and distributor for residential customers in the U.K. and is an integrated energy company that operates in four segments (British Gas, Centrica Energy, Centrica Storage and Direct Energy), made an official announcement that it has reached an agreement for the acquisition of Bord Gais […]
Read moreMarch 25, 2014 8:37 am
Walt Disney Co. made an official announcement that it reached an agreement to buy Maker Studios for at least 500 million dollars. According to the companys statement, it agreed to pay as much as 450 million dollars more in case Maker Studios manages to meet “strong” performance targets, which can increase the total sum of […]
Read moreMarch 25, 2014 7:18 am
Luxottica Group SpA, which is the largest eyeglasses manufacturer in the world and also the owner of the popular Ray-Ban and Oakley eyewear brands, made an official statement, revealing it has been working in cooperation with Google Inc. since last year in order to help with Googles Glass eyewear design, development, tooling and engineering. The […]
Read moreMarch 24, 2014 3:12 pm
Sinopec (China Petroleum & Chemical Corp.), which is currently known as the largest refiner in Asia, officially announced that its first shale-gas field will be put into commercial operation sooner than expected. The company expects its output to reach 10 billion cubic meters a year by 2017. It also became clear that Sinopec plans to […]
Read moreMarch 24, 2014 2:12 pm
People with knowledge of the process reported that Apple Inc. is currently in negotiation with Comcast Corp. over a deal for a streaming-television service, which would use Apples set-top boxes and provide them with the opportunity to bypass congestion on the web. One of the people explained that the companies are not close to reaching […]
Read moreMarch 24, 2014 1:14 pm
Herbalife Ltd made an official announcement today, saying that it had agreed to nominate three of the people proposed by Carl Icahn to the companys board only a few days after its annual meeting. The nomination comes after the opening of a probe into Herbalife by the Federal Trade Commission, which has sent a demand […]
Read moreMarch 24, 2014 11:38 am
Cisco Systems Inc., which has been mainly focused on networking hardware market, officially announced that it plans to start offering the so-called “cloud computing” services to corporate customers by entering the cloud computing market, which is currently dominated by Amazon.com Inc., the largest online retailer in the world. The company said that it intends to […]
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