March 4, 2014 9:40 am
Fiat Chrysler Automobiles NV launches a compact sport-utility vehicle at the Geneva International Motor Show today. The responses to the vehicle are considered to be critical for the alliance of Fiat SpA and Chrysler and their new model – the Jeep Renegade, which is to be manufactured in Italy, in the production plant of Fiat […]
Read moreMarch 4, 2014 8:52 am
Apple Inc. announced that it plans to bring its mobile operating system to automobiles by the end of 2014. The company said that the vehicles in-dash display will be connected with iPhone via a new CarPlay system, which will provide drivers with the opportunity to access the maps, music and messages on their iPhone device. […]
Read moreMarch 4, 2014 7:43 am
According to people familiar with the matter, Satya Nadella, who is newly appointed to the position of Chief Executive Officer of Microsoft Corp., is putting his efforts into shaping the companys team to his liking. Mr. Mark Penn is said to be appointed as Microsofts new Chief Strategy Officer. On Monday, Chief Executive Officer Nadella […]
Read moreFebruary 28, 2014 2:08 pm
People familiar with the matter said that Ford Motor Co. has made a decision to abandon the use of Microsoft Corp.s Windows for its Sync mobile-phone multimedia software and switch to BlackBerrys QNX software, which is scheduled to be put into use in 2016. The same people said that such a step is considered to […]
Read moreFebruary 28, 2014 12:27 pm
International Consolidated Airlines Group SA made an official statement today, revealing a 2013 operating profit before one-time items, which is estimated to 770 million euros (1.1 billion dollars). The upbeat result is based on an income boost at the companys business in the U.K., as well as a successful recovery plan that was used by […]
Read moreFebruary 28, 2014 10:27 am
Bayer AG posted its profit for the fourth quarter of 2013, which increased by 24% and reached 455 million euros but was still well bellow analysts estimates of an average 626 million euros. As reported by the Wall Street Journal, the increase was partly due to litigation expenses during 2012s last quarter. The adjusted profit […]
Read moreFebruary 28, 2014 9:11 am
This week Vivendi SA announced that investment firm Altice, which is currently the largest shareholder of the cable company Numericable Group SA had contacted it in reference to its mobile unit SFR. SFR is considered as the second-largest operator by subscribers in France. People with knowledge of the matter reported that the unit in question […]
Read moreFebruary 28, 2014 8:45 am
The shares of Tesla Motors Inc., which is a designer, developer, manufacturer and seller of electric vehicles and advanced electric vehicle powertrain components, increased by almost 70% in 2014 and marked a 619%-jump over the last 12 months. The company raised 2 billion dollars from the largest convertible bond sale in the U.S. in more […]
Read moreFebruary 27, 2014 2:16 pm
TiVo Inc., which develops and provides software and technology for advanced television services for set-top boxes, tablets, smartphones, and other consumer electronics, announced that its net income for the fourth quarter of 2013 was 710,000 dollars as a record 313,000 new cable-TV subscribers were added to its services. TiVo Inc., which is based in San […]
Read moreFebruary 27, 2014 1:04 pm
Royal Bank of Scotland Group Plc posted its biggest full-year loss since its bailout, marking the companys sixth straight year in the red. As reported by Bloomberg, Ross McEwan, RBSs Chief Executive Officer, is making plans to make the lender once again profitable. Royal Bank of Scotland Group Plc made an official statement, revealing that […]
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