March 17, 2014 12:48 pm
The Chief Executive Officer of Twitter Inc. – Mr. Dick Costolo is going on a business trip to China in order to get more information about the technology sector of the country in spite of the fact that the global platform for public self-expression and real-time conversation is banned there. Twitter Inc. confirmed its Chief […]
Read moreMarch 17, 2014 10:15 am
RWE AG, which is the second-largest German electricity and gas company by market value, made an official statement, saying that it has reached an agreement to sell its Dea oil and gas exploration unit to Russian billionaire Mikhail Fridmans LetterOne Energy in a deal amounting to 5.1 billion euros (7.1 billion dollars) including debt. The […]
Read moreMarch 17, 2014 9:30 am
The largest auto manufacturer in the world – Toyota Motor Corp. made an official statement, saying that it is ceasing its production in India after it reached a deadlock with union employees over wages. The operations of two auto assembly plants in India, which are located near Bangalore, have been suspended as Toyota failed to […]
Read moreMarch 17, 2014 8:26 am
People with knowledge of the matter, who asked not to be identified because the financial details of the deal are not public yet, reported that Vodafone Group Plc has reached an agreement to acquire Grupo Corporativo Ono SA, which is a Spanish cable operator. The deal is said to be estimated to 7.2 billion euros […]
Read moreMarch 14, 2014 2:21 pm
General Electric Co. revealed that it intends to sell a part of its credit-card unit in an initial public offering due to increased investor interest towards the card business. Currently the companys Synchrony Financial credit-card unit is considered the biggest issuer of credit cards in the names of retailers and other partners on the territory […]
Read moreMarch 14, 2014 12:47 pm
The client-focused financial services company UBS AG announced that the compensation of its Chief Executive Officer Sergio Ermotti was increased by 21% to 10.73 million Swiss francs (12.3 million dollars) in 2013. Different compensation and benefits were included in the 8.23 million francs Mr. Ermotti got, and his salary was said to be 2.5 million […]
Read moreMarch 14, 2014 10:03 am
The bidding war over Vivendi SAs phone unit SFR between Bouygues SA and Altice SA seems to be heating up after Arnaud Montebourg, who is the French Industry Minister, said that according to him Vivendi SA prefers the offer of Altice SA cable holding. Mr. Montebourg said in an interview for Europe1 radio station, which […]
Read moreMarch 14, 2014 9:16 am
The largest restaurant chain in the world – McDonalds Corp. – is facing lawsuits by its employees in three states in the U.S. – Michigan, California and New York. The company and its franchises are being accused of systematic wage theft, and the suits were filed yesterday by the lawyers of the companys workers. McDonalds […]
Read moreMarch 14, 2014 8:24 am
An agreement has been reached between BP Plc, which is the third-largest oil company in Europe, and the U.S. Environmental Protection Agency. The accord puts an end to a ban the oil and gas company received over doing business with the federal government. After the Deepwater Horizon rig explosion in 2010 and the oil spill […]
Read moreMarch 13, 2014 2:11 pm
The largest luxury cars manufacturer in the world – Bayerische Motoren Werke AG (BMW) surprisingly posted a 4.2% growth of its fourth-quarter profit due to increased demand for the companys 3-Series sedan and wagon. Mr. Norbert Reithofer, who is the Chief Executive Officer of the company, said in a statement, which was cited by Bloomberg: […]
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