January 15, 2014 1:54 pm
The largest luxury-goods maker in the United Kingdom – Burberry Group Plc announced that its quarterly revenue has beaten the analysts forecasts, no matter that customers spend more money shopping online. The companys forecasts repeat the ones from November 2013. Burberry said to be targeting a “modest” increase in full-year retail/wholesale operating profit margin. The […]
Read moreJanuary 15, 2014 12:33 pm
The largest chipmaker in the world – Intel Corp. officially announced that has decided to delay the opening of new factory in Arizona. The company explained that the main reason for this decision is the fact that its main source of revenue – the demand for personal-computer microprocessors has sharply decreased. Chuck Mulloy, who is […]
Read moreJanuary 15, 2014 10:11 am
GameStop Corp. has been currently undergoing through the most serious difficulties in 11 years. The company reduced its earnings forecast due to games sales, which were lower than the initially expected, and reduced profit margin from consoles in the holiday period. The shares of the company had their biggest decline since December 2002, by falling […]
Read moreJanuary 15, 2014 8:57 am
General Motors Co. announced that it was resuming dividend payments for the first time since its government-managed bankruptcy in 2009. This makes its remarkable recovery from the auto industry recession certain. The company is expected to pay a 30 cent a share dividend on March the 28th. Only five weeks ago the U.S. Treasury sold […]
Read moreJanuary 15, 2014 7:51 am
Mercedes-Benz announced that it is currently negotiating with Infiniti over jointly developing of a second shared vehicle platform. The platform is planned to be used for building larger Sedans and SUVs. There is already another agreement between the two premium brands, which work together on a smaller platform for compact cars. The Chief Executive of […]
Read moreJanuary 14, 2014 2:45 pm
Google Inc. announced that it is going to launch its flagship Moto X smartphone in the U.K., France and Germany. This is a strategic move of Google, which is trying to get a greater share of the handset market. This month the price of the cheapest version of the Moto X device was cut by […]
Read moreJanuary 14, 2014 1:48 pm
Although, Fiat SpA is about to merge with Chrysler Group LLC, starting with the model lines for its Chrysler and Dodge brands in the U.S., the Italian carmaker is reconsidering the roles of its multiple brands. A top executive of Chrysler announced in an interview at the Detroit auto show, that plans for a small […]
Read moreJanuary 14, 2014 12:48 pm
Mercedes-Benz is about to use touch-pad technology, which was first used by Apple Inc., on the C-Class Sedan. This move is part of the brands strategy to surpass Bayerische Motoren Werke AG (BMW) in sales. The best-seller of the brand is going to be offered with some smartphone-like features combined with technology from the flagship […]
Read moreJanuary 14, 2014 10:07 am
Google Inc. announced that it is about to buy Nest Labs Inc. for 3.2 billion dollars in cash. This deal is considered to be the second largest one in Googles history after the 12.4-billion-dollar Motorola Mobility acquisition in 2012. Nest Labs Inc. is a maker of “smart” thermostats and smoke alarms for homes and is […]
Read moreJanuary 14, 2014 9:01 am
The jet maker Airbus Group NV announced that it does not have any intentions in increasing the efforts invested in the production of its best-selling, narrow-bodied A320 line in short term. The A320 family helped the company to post record jet orders and deliveries last year. The Airbus unit announced that a company record was […]
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