January 20, 2014 3:55 pm
Lenovo Group Ltd is currently negotiating with International Business Machines Corp. in order to acquire its low-end server business. According to a person familiar with the matter, a deal may be signed within a few weeks. Currently, Lenovo Group is considered the largest personal-computer manufacturer in the world. The person, who asked not to be […]
Read moreJanuary 20, 2014 2:32 pm
The French auto maker Peugeot SA announced that it is currently negotiating with investors a lifesaving capital increase. The company reported today that its sales fell by 4.9% in 2013 from a year earlier. Over the weekend, Peugeot SA posted information about a capital increase, which combined with the weak sales figures announced today, gave […]
Read moreJanuary 20, 2014 1:36 pm
Intel Corp., which is forecast to post a lower-than-projected fourth quarter profit, announced that it expects to reduce its workforce by about 5% in 2014. Taking into consideration the fact that the chip manufacturer ended 2013 with 107,600 employees, the cuts could affect about 5,400 people currently working in the company. Intel Corp. also announced […]
Read moreJanuary 20, 2014 11:58 am
KKR & Co. is selling the Oriental Brewery located in South Korea back to its original owner Anheuser-Busch InBev. The deal is estimated to 5.8 billion dollars including the companys debt. Thanks to the agreement, the U.S. private equity group is said to be able to gain five times more money than initially invested. Oriental […]
Read moreJanuary 20, 2014 9:12 am
After Nintendo Co. had announced it expects a 25 billion-yen annual loss due to weak interest towards its Wii U, Satoru Iwata, who is the President of the company, explained that Nintendo has taken a new business model under consideration. Nintendos share price underwent a record decrease in the U.S. in more than 12 years. […]
Read moreJanuary 20, 2014 7:50 am
Nokia Oyj, which is currently searching for a worthy successor to the former Chief Executive Officer – Stephen Elop, seems to be more focused on considering insiders for the position, including Rajeev Suri, people with knowledge of the matter revealed. The company has however also considered external candidates. Nokia is said to be more likely […]
Read moreJanuary 17, 2014 2:32 pm
It also reported that its orders over the fourth quarter rose 13% in growth markets, 8% in the U.S., and 3% in Europe. Both General Electric Co. and its rivals have been given the opportunity to generate larger profit by cutting cuts and improving their productivity at this time of weak revenue growth. The last […]
Read moreJanuary 17, 2014 1:32 pm
Royal Dutch Shell Plc announced that it expects its fourth-quarter profit to be “significantly lower than recent levels”. The main reasons for this decline are deteriorating refining markets in oil products industry, current oil and gas prices and mounting losses in North and South America. This is the first profit warning of the oil company […]
Read moreJanuary 17, 2014 10:27 am
Google Inc. announced that it is testing an ocular device designed especially to measure glucose levels in tears, which will help diabetics track their blood sugar levels. Tiny wireless chip and glucose sensor are used by the lenses in order to provide readings once per second. Brian Otis and Babak Parviz are the co-founders of […]
Read moreJanuary 17, 2014 9:36 am
Goldman Sachs Group Inc. announced a strong performance in equity underwriting, but it also faced its worst year when it comes to fixed income trading since 2005. Its overall profits fell 10% to 2.3 billion dollars. Goldman Sachs Group Inc.s fourth-quarter revenues for equity underwriting were benefited by initial public offerings, which helped the company […]
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