March 20, 2014 2:07 pm
The activist investor Carl Icahn seems to have decided to try a new tactic in his battle with eBay Inc. – a partial spin-off of its PayPal payments unit. He suggested an initial public offering for 20% of PayPal. This move has been received gladly by the online marketplace. As reported by the Wall Street […]
Read moreMarch 20, 2014 12:46 pm
Hermes International SCA posted an 8.9% increase in its 2013 profit. The company also explained that its performance was not damaged by the decreasing luxury goods sales in China due to the fact that the overall sales in Asia, Europe and the U.S. kept its profitability to a record high. However, the company flagged risks […]
Read moreMarch 20, 2014 10:08 am
The second-largest clothing retailer in the U.K. – Next Plc posted a 12% higher pretax full-year profit for 2013. The results are at top end of the companys estimates. Next Plc also shared that it managed to generate more money than Marks & Spencer Group Plc for the first time in its history and forecast […]
Read moreMarch 20, 2014 9:50 am
The Chief Executive Officer of Starbucks Corp – Mr. Howard Schultz officially announced at the companys annual investor meeting held in Seattle that the company wants to reach a market capitalization of 100 billion dollars, or almost double its current value. The announcement comes at a time when the company is seeking to expand its […]
Read moreMarch 20, 2014 8:45 am
Alibaba Group Holding Ltd has made a 215-million-dollar investment in TangoMe Inc. This step is considered quite beneficial for the companys access to the mobile-messaging competition and comes at a moment when Alibaba is preparing for an initial public offering in the U.S. as soon as April 2014. This is the companys largest investment into […]
Read moreMarch 20, 2014 7:20 am
BP Plc was reported as the highest bidder in the latest auction of acquiring drilling rights in the Gulf of Mexico. This happened less than a week after the US government lifted a 16-month ban on the company. BP was imposed a ban for signing contracts with the federal government in November 2012 after it […]
Read moreMarch 19, 2014 3:39 pm
FedEx Corp, which is currently the biggest cargo airline in the world, reduced its full-year profit forecast due to harsh winter weather that resulted in declining third-quarter results, which trailed analysts estimates. The company made an official statement, explaining that “unusually severe winter storms” during the quarter had caused damage to its operations and raised […]
Read moreMarch 19, 2014 1:58 pm
Bayerische Motoren Werke AG, which is currently known as the largest luxury cars manufacturer in the world, announced it is expecting “significant” profit growth this year due to the fact that some of its new and upgraded vehicle models seem to be able to reach record sales. Shares rallied to an all-time record. The German […]
Read moreMarch 19, 2014 12:50 pm
According to people familiar with the matter, the Board of PSA Peugeot Citroën has reached a unanimous decision of appointing Louis Gallois, who is a former Chief Executive Officer of Airbus Group NV, to the position of Chairman and a successor of Thierry Peugeot, who is stepping down. The board is also said to be […]
Read moreMarch 19, 2014 10:25 am
According to two people with knowledge of the situation, who asked not to be identified because the information is not public yet, Toyota Motor Corp. has reached a settlement to put an end to a criminal probe related to false or incomplete disclosures of safety issues in the U.S. Both the Manhattan offices of the […]
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