December 12, 2014 9:23 am
According to a person familiar with the situation, who asked not to be named because the matter is still not public, Google Inc. intends to shut its engineering operations in Russia. The companys decision to transfer the operations out of the country is considered to have come, after the implementation of new rules by the […]
Read moreDecember 12, 2014 8:49 am
The share sale of the largest auto maker in Italy, Fiat Chrysler Automobiles NV, will be done at a discount of 4.1% after on Wednesday the auto makers stock plunged the most since its debut on the New York Stock Exchange in October. Fiat Chrysler made an official statement that an offering of 87 million […]
Read moreDecember 11, 2014 11:37 am
Google Inc. announced that its news portal in Spain is planned to be closed due to new copyright legislation, which allows publishers charge Internet companies for their content that is being collected from other websites. The owner of the largest search engine in the world revealed in a blog post that Google News in Spain […]
Read moreDecember 11, 2014 9:38 am
The shares of Airbus Group NV plunged the most in more than six years after the company announced a projection for its 2016 earnings, projecting they will be “rather flat”. In addition, the company stated it will likely further reduce the manufacturing of its A330 long-range jet, as well as that it is currently dealing […]
Read moreDecember 11, 2014 8:35 am
According to a person with knowledge of the situation, Royal Bank of Scotland Group Plc is to pull out of fixed-income trading in Japan. The bank is to lay off some of its employees in the country, reducing their number by more than 200 to about 30. Most of the jobs will be cut by […]
Read moreDecember 10, 2014 12:41 pm
The largest warehouse-club chain in the U.S., Costco Wholesale Corp., reported a profit, that outpaced initial analysts forecasts over the quarter that ended in November. The reported figure came as a result of increased sales at established stores over the period. Costcos profit also benefited from membership fees. The U.S.-based company, currently one of the […]
Read moreDecember 10, 2014 9:43 am
Amazon.com Inc. is planning to expand its reach in video games. The U.S.-based company announced that it is to acquire GoodGame, a company known for holding teams of video-game players and hosting live gaming tournaments. GoodGame, based in the U.S., is focused on organizing the so-called “esports” events, in which different gaming teams compete. The […]
Read moreDecember 10, 2014 8:27 am
The top premium car manufacturer, Bayerische Motoren Werke AG, announced that its Chief Executive Officer Norbert Reithofer is to leave the company in May 2015. The Germany-based BMW appointed Harald Krueger as a successor of Mr. Reithofer at a time when the auto industry is shaken by some far-reaching changes. Mr. Reithofer, whose contract as […]
Read moreDecember 9, 2014 2:54 pm
The largest retailer in the U.K., Tesco Plc, announced that it expects its annual earnings will equal almost the half of those projected in August. This downward revision of the companys profit forecast comes at a moment, when Tesco has been trying to turn its business around after revealing an overstated profit. The projection is […]
Read moreDecember 9, 2014 9:55 am
The hopes of BP Plc to limit the compensations amount for its oil spill in the Gulf of Mexico in 2010 have suffered a serious blow by the U.S. Supreme Court, which rejected the companys plea to review to the settlement. Geoff Morrell, a spokesman of BP, said in a written statement, cited by the […]
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