December 9, 2014 8:30 am
The largest wireless carrier in the U.S., Verizon Communications Inc., said in an official statement that its wireless margins over the fourth quarter of the fiscal year are expected to be negatively affected due to phone discounts and lower prices, which led to a sharp increase of new monthly subscribers. Although Verizon has been careful […]
Read moreDecember 8, 2014 10:27 am
Some of the founders of the second-largest software services company in India, Infosys Ltd, were reported by the manager of the share sale – Deutsche Equities India Pvt – to have sold a 2.8% stake in the company at the amount of $1.05 billion. The managing director of K.R. Choksey Shares & Securities Pvt, Deven […]
Read moreDecember 8, 2014 9:05 am
The largest airline carrier in Australia, Qantas Airways Ltd, said that its turnaround strategy is starting to bear fruit, considering the fact that the Australia-based company has just projected its best first half-year results in four years. The forecast is believed to be also a result from a cost-cutting programme estimated to AU$2 billion, while […]
Read moreDecember 7, 2014 7:04 am
Balfour Beatty Plc revealed that it rejected a takeover bid from John Laing Infrastructure Fund Ltd for its government-supported projects. The offer was estimated to £1 billion ($1.6 billion). In August the company turned down a takeover offer, which was made by Carillion Plc. The company announced in an official statement, cited by Bloomberg: “The […]
Read moreDecember 6, 2014 2:52 pm
Prada SpA officially reported its results for the third quarter of the current fiscal year, as the decline in its profit over the period was larger than initially expected. According to the companys statement, Pradas net profit over the third three months through October sharply declined from €132.6 million posted in the same period a […]
Read moreDecember 5, 2014 12:38 pm
Starbucks Corp. said today that it is opening a store located in Seattle. The store combines a café and a coffee bean roastery and its opening is considered a part of the U.S.-based companys strategy to increase its premium coffee lines production. The Chief Operating Officer of the company, Troy Alstead, said in an interview, […]
Read moreDecember 5, 2014 10:06 am
Mulberry Group Plc officially reported a loss during the first half of the fiscal year. Still, the U.K.-based company revealed that its strategy to restore growth is beginning to bear fruit. The dis-satisfactory results of the luxury leather-goods maker came as a result of the difficult conditions at the luxury-goods market, as well as of […]
Read moreDecember 5, 2014 9:47 am
Microsoft Corp. revealed that it is to sell back its stake in the Nook electronic-reader unit of Barnes & Noble Inc. for about $180 million less than the price it had initially paid. The business has been faced with difficulties lately, while the Chief Executive Officer, Satya Nadella, has been primarily seeking more profitable projects. […]
Read moreDecember 4, 2014 1:22 pm
The largest drug maker in the U.K. – GlaxoSmithKline Plc – announced its intentions to eliminate 900 jobs in North Carolina. The move comes as part of the companys plan to cut expenses by a total of £1 billion ($1.57-billion) over three years. A spokesman of the company wrote in an e-mailed statement, which was […]
Read moreDecember 4, 2014 10:01 am
SoftBank Corp. revealed in a statement that it made a $250-million investment in GrabTaxi Holdings Pte at a time when the cab-booking service is trying to overcome the competition of Uber Technologies Inc. in Southeast Asia. According to an interview with Anthony Tan in Bangkok, SoftBank will become the biggest shareholder in GrabTaxi. Mr. Tan […]
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