December 19, 2013 7:54 am
On Wednesday Oracle Corp., the enterprise software and computer hardware producer, managed to put an end to its run of disappointing quarterly earnings. The company announced that its quarterly revenues and profit had exceeded the Wall Street Journal analysts forecasts for the latest quarter. This result is due to hardware sales losses reduction, which proved […]
Read moreDecember 18, 2013 3:35 pm
FedEx Corp. is one of the largest global shipping companies, and provides a portfolio of transportation, e-commerce and business services through its subsidiaries. The fiscal second-quarter of FedEx Corp. is reported to rose 14%, although it missed the analysts market estimates. The ground shipping revenue rose, but its express-shipping one decreased right in the critical […]
Read moreDecember 18, 2013 1:05 pm
The Qatalyst Partners of Frank Quattrone were hired by Sony Corp., which is looking to shed units in order to focus on fewer products. People, who are familiar with the matter said that Qatalyst is supposed to explore a sale of Sonys Gracenote audio-recognition software business. The annual revenue of the unit, which is now […]
Read moreDecember 18, 2013 10:30 am
Global sales were added to the duties of HTC Corp.s Chief Financial Officer Chang Chialin. Mr. Chang will be put in charge of two key functions of HTC, which is due to the fact that the Taiwan-based smartphone manufacturer is trying to stop the last two years trend of declining revenue and market share of […]
Read moreDecember 18, 2013 9:08 am
The speculations that Novartis AG will sell its 14.1-billion-dollar stake into the market has increased thanks to the Roche Holding AG voting shares discount. Bloomberg reported that one of the analysts working for Louis Capital Markets – Ben Kelly – said that Roches voting shares have been pushed to the lowest price compared to its […]
Read moreDecember 18, 2013 7:49 am
Stocks fell as investors awaited a statement from the Federal Reserve on whether to continue its efforts to support the U.S. economy. The S&P 500 declined 0.3% to 1,781 at 4 p.m. in New York. The Dow Jones Industrial Average lost 9.31 points, or 0.1%, to 15,875.26. About 6 billion shares changed hands on U.S. […]
Read moreDecember 17, 2013 2:24 pm
On Monday, the board of Boeing Co.s raised the company dividend about 50%. The board also approved 10 billion dollars in a new share buyback authority, announcing that the company would use it in the next two or three years. The repurchase of the shares is estimated at about 10% of the companys stock and […]
Read moreDecember 17, 2013 8:56 am
People familiar with the matter said that Facebook Inc. will begin selling video advertisements later this week. The ads will play automatically in users new feeds and may help Facebook win a part of the 66.4 billion dollars, which are expected to be spent on U.S. television this year by advertisers. Facebook intends to make […]
Read moreDecember 17, 2013 7:11 am
Last Wednesday General Motors Co. announced that it intends to close its Holden production facilities located in Australia by the end of 2017. This was quite an unexpected move that will result in the loss of thousands of jobs, which makes the companys future unstable. General Motors decision to end manufacturing by the end of […]
Read moreDecember 16, 2013 3:28 pm
Carrefour announced that it will invest 2 billion Euro for the purchase of 127 European shopping centre sites from Klépierre, as the French supermarket operator has decided to undertake a new strategy of going back to basics in order to update its locations and extend its reach in Europe. The purchase is happening after the […]
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