February 24, 2014 8:45 am
People with knowledge of the matter reported that Microsoft Corp. plans to lower the price of Windows 8.1 for low-cost computers and tablets manufacturers by 70% in an attempt to overcome more affordable competitors such as Google Inc.s Chromebooks. The people familiar with the plans, who asked not to be identified because the more specific […]
Read moreFebruary 21, 2014 3:26 pm
Vodafone Group Plc finalizes its biggest sale in 10 years today, leaving the wireless carrier about half of the size it was, as Vittorio Colao, the companys Chief Executive Officer, started working on a new strategy of expanding Vodafone Groups reach. Vodafones shareholders will be paid out 82.5 billion dollars after the company sells its […]
Read moreFebruary 21, 2014 1:54 pm
Kering SA announced that its Gucci luxury brand achieved the slowest quarterly sales growth in four years as a result of decreasing demand on the European and Chinese markets. Kering SA made an official statement today, announcing that the fourth-quarter comparable sales of the Gucci brand gained 0.2%, trailing analysts estimates of 0.8% growth. The […]
Read moreFebruary 21, 2014 12:50 pm
Samsung Electronics Co. plans to reveal a new high-end Galaxy phone next week. The situation, though, is quite different from the one met by the smartphone manufacturer when it presented the previous model of the device as the company now struggles to keep its leading position in a highly competitive industry. The company is expected […]
Read moreFebruary 21, 2014 10:16 am
Hewlett-Packard Co. posted sales and profit for the first quarter of the fiscal year that beat analysts estimates after the company won new orders for corporate machines and servers to run data centres. Hewlett-Packard Co. made an official statement, revealing that its profit, excluding certain costs in the period that ended on January the 31st, […]
Read moreFebruary 21, 2014 9:23 am
Royal Dutch Shell Plc, which is currently the largest oil company in Europe, revealed that it reached an agreement with Vitol Group over the acquisition of its Australian refinery and filing stations in a deal estimated to 2.9 billion Australian dollars (2.6 billion dollars). Royal Dutch Shell Plc made an official statement today, announcing that […]
Read moreFebruary 21, 2014 8:48 am
For the first time in three years, Google Inc. issued bonds in order to refinance a maturing debt estimated to 1 billion dollars, even though its cash reserve increased to the record sum of more than 60 billion dollars. According to data compiled by Bloomberg, Google Inc. issued 3.375%, 10-year notes that generate 62.5 basis […]
Read moreFebruary 20, 2014 2:49 pm
The shares of BlackBerry Ltd surged following Facebook Inc.s decision to acquire WhatsApp Inc. for 19 billion dollars underscored the value of mobile messaging, including BlackBerrys competitive service. Yesterday Facebook Inc. revealed that it is purchasing WhatsApp for 12 billion dollars in stock, 4 billion dollars in cash and 3 billion dollars in restricted shares […]
Read moreFebruary 20, 2014 1:10 pm
The shares of China Petroleum & Chemical Corp. climbed as the company is looking for private investors for as much as 30% of its oil retail unit. The eventual deal is estimated to more than 20 billion dollars. China Petroleum & Chemical Corp. made an official statement yesterday, saying that the plan to reorganize its […]
Read moreFebruary 20, 2014 10:36 am
According to a person with knowledge of the matter, HTC Corp. is planning to demonstrate the first of three wearable devices next week in Barcelona. The move is considered to be part of the companys strategy to battle decreasing sales. The person familiar with the plans, who asked not to be named because HTC has […]
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