December 17, 2014 9:49 am
General Electric Co. projected that profit at its industrial divisions will increase by at least 10% next year. The outlook was found surprising by some analysts, considering the fact that the U.S.-based company has been affected by the sharp decline in oil prices. Chief Executive Officer Mr. Jeffrey Immelt said for NBC: “We’ve done what […]
Read moreDecember 17, 2014 8:19 am
Apple Inc. discharged of a lawsuit estimated to $1 billion after a jury ruled in favour of the U.S.-based tech giant in a case filed by some iPod users, who claimed that the company violated antitrust laws by suppressing competition through some software updates for the mobile device. The jurys decision was unanimous. Apple said […]
Read moreDecember 16, 2014 1:01 pm
BT Group revealed that it started exclusive negotiations over the acquisition of the British wireless joint venture of Deutsche Telekom AG and Orange SA, called EE. The value of the deal, which has been discussed over the talks, amounted to £12.5 billion ($19.5 billion). BT also said that the period of exclusive talks is expected […]
Read moreDecember 16, 2014 9:05 am
Google Inc. is facing another round of European fines after the data regulatory authorities in the Netherlands issued an ultimatum to the company, commanding it to improve its renovated privacy policy. The company, which is an owner of the largest search engine in the world, may be imposed a fine estimated to about €15 million […]
Read moreDecember 15, 2014 3:28 pm
The UberPop car service of Uber Technologies Inc. is to be banned by France only three days after a bid to block the companys smartphone application was rejected by a Paris judge. The ban is to take effect on January 1st 2015. Currently the U.S.-based company has about 500 000 regular customers in France, and […]
Read moreDecember 15, 2014 10:45 am
Volvo AB is changing strategy to appeal more directly to buyers, particularly focusing on online marketing instead of depending on auto shows as before. According to an official statement, the car maker will be taking part in only one motor show per region as of 2015. Volvo also revealed that it intends to invest more […]
Read moreDecember 15, 2014 9:22 am
Sony Pictures Entertainment issued a request that news organizations stop unveiling materials from a serious computer hack. Attorney David Boies wrote in a statement to news organizations that any information that has been stolen and illegally acquired should be destroyed by media companies. According to Mr. Boies, such companies will be held responsible for any […]
Read moreDecember 14, 2014 1:27 pm
Tesla Motors Inc. announced that its top executive in China is to leave the company. According to a statement taken by the electric-car makers spokesman, Richard Lan, the President of the China-based operations of Tesla, Veronica Wu, has issued her resignation. Mr. Lan refused to reveal when the last day of Ms. Wus tenure will […]
Read moreDecember 13, 2014 7:59 am
The largest dairy manufacturer in the world, Danone SA, revealed in an official statement on Friday that it intends to keep its medical-nutrition operations, after spending several months in negotiations with eventual buyers. The companys decision triggered speculations that the France-based company could be considering a larger deal on the way to its goal to […]
Read moreDecember 12, 2014 11:53 am
The third-largest airline in the U.S., Delta Air Lines Inc., projected that its profit over the upcoming year would be boosted by declining fuel prices. However, the company said that lower prices could also have a negative effect, forcing it to give up from a total of $1.2 billion from fuel hedging. Delta Air forecast […]
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