February 20, 2014 9:20 am
The largest yoghurt manufacturer in the world – Danone – posted its first annual earnings drop in more than ten years after the companys sales of baby food in Asia were damaged by a botulism scare. Danone made an e-mail statement and announced that its last years adjusted earnings per share decreased 7.6% and reached […]
Read moreFebruary 20, 2014 8:50 am
The second-largest oil and gas producer in Australia – Woodside Petroleum Ltd – pressed Royal Dutch Shell Plc to take action on its stake in the company, which is estimated to 7.3 billion Australian dollars (6.6 billion dollars). Woodside Petroleum quoted the investors desire for some “certainty” as the main reason for this request. Peter […]
Read moreFebruary 20, 2014 7:33 am
The largest social network in the world – Facebook Inc. – announced that it has reached an agreement to buy the mobile-messaging startup WhatsApp Inc. in a deal estimated to 19 billion dollars in cash and stock. The transaction is considered to be the biggest Internet purchase in more than ten years. Facebook Inc. made […]
Read moreFebruary 19, 2014 2:10 pm
The new investment arm of Google Inc. will have 300 million dollars in fresh capital at its disposal this year. The give-and-take process is going to be started with entry of Google Inc. into Web education. David Lawee, who currently manages Google Capital, announced that the unit, which was established by the company to support […]
Read moreFebruary 19, 2014 12:56 pm
The largest search-engine company in Russia – Yandex NV – revealed that two smartphone manufacturers plan to sell Android-based phones with its services pre-installed. This is considered to be a great advantage for the company, which is trying to compete with Google Inc. on mobile devices. Yandex NV is becoming more focused on maintaining its […]
Read moreFebruary 19, 2014 12:23 pm
According to people with knowledge of the matter, Orange SA has boosted its search for acquisition targets in Spain in order to prevent it from being excluded from a potential consolidation in the telecommunications market of the country. Orange SA is currently the largest carrier in France. The people familiar with these matters, who asked […]
Read moreFebruary 19, 2014 10:30 am
According to a person familiar with the matter, Samsung Electronics Co., which is currently dealing with slower smartphones demand, will release a new smartphone device that will have a larger 5.2-inch screen and sharper display than the current Galaxy S4. The person with direct knowledge of the matter, who asked not to be named, because […]
Read moreFebruary 19, 2014 9:27 am
The Chief Executive Officer of BlackBerry – John Chen criticized T-Mobile US Inc. for stimulating users of the companys devices to replace them with Apple Inc.s iPhones. Currently, T-Mobile is the fourth-largest wireless carrier in the U.S. According to a copy of the ad posted on crackberry.com, the company has touted the iPhone 5S for […]
Read moreFebruary 19, 2014 8:47 am
PSA Peugeot Citroen, which is currently the second-largest car manufacturer in Europe, announced that it reached an agreement to bring in Dongfeng Motor Corp. and France as investors as part of a rescue package estimated to 5.27 billion Euro (7.26 billion dollars). Peugeot SA made an official statement today, saying that the company will ensure […]
Read moreFebruary 18, 2014 2:38 pm
Coca-Cola Co., which is currently the biggest beverage company in the world, announced that its profit for the fourth quarter decreased by 8.4%. The company also revealed that it is considering to start using a new cost-cutting program in order to increase its earnings. The Coca-Cola Co. made an official statement today, saying that its […]
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