March 24, 2014 9:42 am
Nokia Oyj announced that the planned 5.44-billion-euro (7.5-billion dollar) sale of its mobile-phone division to Microsoft Corp. is going to be delayed as the companies are waiting for the Asian regulators approval for the transaction. Still, both companies confirmed that they remain committed to the deal and are confident that the transaction will be finalized. […]
Read moreMarch 24, 2014 9:28 am
Britain’s FTSE 100 index fell in early European trade on Monday after a weak showing in New York on Friday and downbeat overnight manufacturing data from China that spurred fears of economic slowdown, which is expected to drag on the regions stock markets. Upbeat Eurozone manufacturing and services PMIs provided support. Investors also eyed upcoming […]
Read moreMarch 24, 2014 8:41 am
Volvo AB announced that it plans to double its marketing budget in the U.S. in an attempt to bring a new life to its stumbling business in the region that has been suffering over the last five years. An action plan, which consists of four points, has been proposed by the Chief Executive of the […]
Read moreMarch 21, 2014 2:27 pm
Nike Inc., which is the largest sports wear brand in the world, warned that its sales growth during the quarter that is to end in May 2014 may turn out to be lower than initially expected due to a stronger US dollar which has cut the value of Nikes international profit and revenue. The companys […]
Read moreMarch 21, 2014 12:57 pm
The Chief Executive Officer of Netflix Inc. – Reed Hastings shared the companys opinion that broadband companies should be required to connect their networks to major content providers such as Netflix itself. The company also attacked some large internet providers such as Comcast, saying they use their “market position” in order to impose fees for […]
Read moreMarch 21, 2014 12:07 pm
Bouygues SA announced that it has upgraded its offer for Vivendi SAs SFR telecom unit. This move restarted the fierce bidding war with Altice SA that seemed to have been finalized after Vivendi chose the competitive offer less than a week ago. The new proposition is said to be able to make the decision for […]
Read moreMarch 21, 2014 10:23 am
Symantec Corp., which is the largest manufacturer of personal computer security and anti-virus software in the world, decided to fire Steve Bennett, who has been occupying the position of President and Chief Executive Officer of the company for less than two years, due to declining revenue and decreasing sales. The companys revenue has decreased in […]
Read moreMarch 21, 2014 9:53 am
The access to Twitter in Turkey was blocked late on Thursday after Prime Minister Recep Tayyip Erdogan announced that the company ignored court orders to remove content concerning government corruption just ahead of elections scheduled on March 30th. Recently the Turkish government had to deal with a series of voice recordings and documents that became […]
Read moreMarch 21, 2014 9:35 am
Britains FTSE 100 index opened higher on Friday but remained steady through the course of trading as investors eyed rising tensions between Russia and the West after Washington extended the list of prominent Russian individuals to be sanctioned due to their close ties to President Vladimir Putin. Companies with a big exposure to Russia could […]
Read moreMarch 21, 2014 8:26 am
Microsoft Corp. announced its policies for accessing user information are to be changed as it faces scrutiny for looking into a private e-mail account when investigating a leak of company software. According to federal court filings, one of the former employees of the company – Alex Kibkalo was accused of stealing the companys trade secrets, […]
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