February 17, 2014 8:36 am
Lloyds Banking Group Plc is seeking for gentler treatment from the regulator on new “ringfencing” rules due to the fear that otherwise it will be forced to shut down its activities in the field of investment banking. Lloyds Banking Group Plc is currently negotiating with the Prudential Regulation Authority over the detailed requirements of the […]
Read moreFebruary 14, 2014 3:01 pm
After refilling its inventory of PlayStation 4 video-game consoles, Sony Corp. once again took the lead in retail sales in the U.S., leaving Microsoft Corp. and its Xbox One on the second position in January after a fierce rivalry for industry dominance. Sony Corp. made an official e-mailed statement yesterday and explained that its PlayStation […]
Read moreFebruary 14, 2014 2:47 pm
Currently, Twitter Inc. provides its users with real-time short messaging and multimedia messaging services that work over multiple networks and devices. The shares of the company more than doubled since its initial public offering that was made in November 2013. Now the company is said to be ready to provide its insiders with the first […]
Read moreFebruary 14, 2014 12:49 pm
Airbus Group NV announced that it is making plans for creating an in-house bank by purchasing a regional lender, following the example of companies such as Daimler AG and Siemens AG which provide their customers with financial services. Airbus Group NV made an official statement today, revealing that it will acquire Salzburg Muenchen Bank from […]
Read moreFebruary 14, 2014 10:22 am
PepsiCo Inc.s shares fell on Thursday after the soft drink maker announced that the company would not separate its drinks business in spite of the declining soda market in the U.S. and activist investor pressure. The announcement of PepsiCo Inc. that it would increase its shareholder capital returns by 35% to 8.7 billion dollars in […]
Read moreFebruary 14, 2014 9:24 am
The Chief Executive Officer of American International Group Inc. – Robert Benmosche – is increasing returns for the companys shareholders as he plans layoffs to lean the companys structure. American International Group Inc. announced that it has increased its quarterly dividend by 25% to 12.5 cents a share. Another 1 billion dollars in stock buybacks […]
Read moreFebruary 13, 2014 3:00 pm
BNP Paribas SA, which is currently the largest bank in France, posted a surprising decrease in its profit for the fourth quarter after putting away 1.1 billion dollars connected with a review of payments to parties subject to economic sanctions in the U.S. BNP Paribas SA made an official announcement today, saying that its net […]
Read moreFebruary 13, 2014 12:09 pm
According to four people with knowledge of the matter, Comcast Corp. has reached an agreement to purchase Time Warner Cable Inc. in a deal estimated to about 44 billion dollars. Such a move is considered to unite the two largest cable companies in the U.S. in an all-stock deal. The people, who asked not to […]
Read moreFebruary 13, 2014 9:42 am
Apple Inc. revealed some labor violations in its supply chain, which included employing under-age workers and also abuses of migrant employees attracted by recruiters to work in factories manufacturing the companys devices. Apple Inc. disclosed that 23 employees under the age of 16 when hired were found. In addition there was discrimination of women at […]
Read moreFebruary 13, 2014 8:45 am
Cisco Systems Inc. said that its fiscal third-quarter sales may miss some analysts estimates due to emerging markets weakness and decreasing demand from telecommunications-service providers. The company announced on a conference call that its revenue is expected to fall 6 to 8% in the current period that ends in April 2014. According to data compiled […]
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