March 10, 2014 9:14 am
Twitter Inc. is a global social network that provides its users with the opportunity to express themselves and communicate in real time. According to a company filing, Twitter paid 36 million dollars for the acquisition of a total 900 patents from International Business Machines Corp. Twitter revealed in its filing on March 6th, which was […]
Read moreMarch 10, 2014 8:39 am
Google Inc. announced that it is planning to release tools that will provide software developers with the opportunity to make wearable-computing devices software. The company is said to be trying to bring back the success it had when releasing the Android mobile-operating system for smartphones and by this dominate a new generation of wearable technology. […]
Read moreMarch 7, 2014 1:43 pm
Cerberus Capital Management LP and the board of Safeway Inc. have reached an agreement for a takeover of Safeway. The deal is estimated to 9 billion dollars and is known as the latest acquisition of the private equity group, which intends to use the newly-purchased company after the merger with its Albertsons in order to […]
Read moreMarch 7, 2014 12:58 pm
Telecom Italia SpA posted a smaller full-year net loss estimated of 674 million euros (927.9 million dollars) for 2013. The company made an official statement, announcing that its sales declined by 9.1% and reached 23.4 billion euros. The company was also reported to have suspended its ordinary dividend for common shares, while the Italian market […]
Read moreMarch 7, 2014 10:36 am
Walt Disney Co. plans to reduce the number of employees working in its interactive unit by a quarter. About 700 jobs will be cut by the company, which is in pursue of restructuring its online and videogame businesses. The company also shared that it will reduce the headcount at its Internet advertising sales team in […]
Read moreMarch 7, 2014 9:25 am
Boeing Co. is currently the largest plane maker in the world, manufacturing commercial jetliners and defence, space and security systems. The company has been following the example of other companies located in U.S. in moving away from traditional pension plans. As a result of the companys efforts to reduce its costs, Boeing Co. made an […]
Read moreMarch 7, 2014 9:10 am
Samsung Electronics Co., which is currently known as the largest smartphone manufacturer in the world, managed to defeat Apple Inc. in a patent case. This is the second time when a judge rejects a request of Apple Inc. to officially forbid more than 20 smartphones manufactured by Samsung issued in the first patent case of […]
Read moreMarch 6, 2014 3:00 pm
Merck KGaA operates as a pharmaceutical, chemical and life science company that is engaged in innovative drugs and chemicals research and development. The company posted a fourth-quarter profit that increased by 0.7% due to restructuring that helped Merck KGaA counterbalance currency swings effects. Merck KGaA made an official statement today, which was cited by Bloomberg: […]
Read moreMarch 6, 2014 1:56 pm
Deutsche Telekom AG revealed that it plans to sacrifice earnings growth in 2014 in order to finance the expansion of the customer base of T-Mobile US after it posted a loss in the fourth quarter of 2013. Deutsche Telekom AG, which is the current majority owner of T-Mobile, said in a statement, which was cited […]
Read moreMarch 6, 2014 12:58 pm
Vedanta Resources Plc announced that Mr. Tom Albanese was appointed to Chief Executive Officer of the company as a successor to Mahendra Singh Mehta, who is retiring. The new CEO of Vedanta is expected to take over the position on April 1st. Anil Agarwal, who is the Chairman of the company said for the Wall […]
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