March 13, 2014 1:07 pm
The shares of WM Morrison Supermarkets Plc, which is the fourth-largest grocer by market share in the U.K., were reported to have made their biggest decline since 2008. The company made a statement, revealing it expects its profit to decrease in 2014. The retailer also said that it plans to reduce prices. The Chief Executive […]
Read moreMarch 13, 2014 10:17 am
Deutsche Lufthansa AG, which is currently the second-largest airline in Europe, announced today that its dividend for 2014 is planned to be paid in spite of the fact that it posted a 75% decline in its 2013 net profit. The advance of its passenger unit and enhanced costs control made it possible for the company […]
Read moreMarch 13, 2014 9:59 am
A spokesman of Bouygues SA confirmed today that the company has increased its offer for the SFR phone unit of Vivendi SA. The cash component of the offer is said to have been raised by Bouygues SA to 11.3 billion euros (15.8 billion dollars). The statement of Bouygues spokesman was cited by the Wall Street […]
Read moreMarch 13, 2014 8:35 am
According to people familiar with the matter, Alibaba Group Holding Ltd, which is the biggest e-commerce company in China, is almost certain to prefer New York over Hong Kong for its initial public offering. The companys IPO is said to be one of the biggest ones ever. As reported by the Financial Times, one of […]
Read moreMarch 13, 2014 7:22 am
The Chairman of Infosys Ltd, which is currently the second-largest software exporter by sales in India – Mr. N.R. Narayana Murthy – informed the company investors that its annual sales growth is expected to be at the lower end of the previous forecasts, and the companys shares have been steadily going down headed to their […]
Read moreMarch 12, 2014 3:56 pm
The shares of General Motors Co., the largest auto manufacturer in the U.S., fell 5% on Tuesday and extended losses on Wednesday amid the new investigations against the company, which withdrew cars with defects associated with more than 10 death cases. The company cut the number of deaths associated with its cars from 13 to […]
Read moreMarch 12, 2014 2:00 pm
King Digital Entertainment Plc, which was founded in 2003, and is the maker of “Candy Crush Saga”, “Pet Rescue Saga” and other popular smartphone games, announced in a filing with the Securities and Exchanges Commission that it would sell 15.5 million shares in its yet-to-come initial public offering for between 21 and 24 dollars a […]
Read moreMarch 12, 2014 12:59 pm
E.ON SE is engaged in supplying energy solutions and is currently the largest utility by market value in Germany. The company announced that it plans to reduce its dividend by almost a half to between 1.5 and 1.9 billion euros from 2.24 billion euros last year. After posting a 2013 operating profit decline estimated to […]
Read moreMarch 12, 2014 10:09 am
Bayer AG made an official statement today, revealing that it expects its average annual revenue from the companys pharmaceutical business to increase by 8%, with a margin for earnings before interest, tax, amortization and depreciation of at least 33%. The company also forecast a 6% growth in the HealthCare and Crop Protection units profit due […]
Read moreMarch 12, 2014 9:19 am
Along with employees of other Japanese companies such as Honda Motor Co. Ltd and Toshiba Corp., the workers of Toyota Motor Corp. have received their first base pay rise in 6 years amid record profit of 1.9 trillion yen posted by the company for the year through March 31st. This step is considered as a […]
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