November 26, 2014 8:38 am
Hewlett-Packard Co. made an official statement that there was a decline in its printing, services and enterprise units during the fourth quarter of the fiscal year. According to Hewlett-Packard, growth was registered only in its personal-systems group in the three months ended on October 31st. The U.S.-based company said that its total sales declined by […]
Read moreNovember 25, 2014 3:01 pm
Honda made an official announcement that it failed to report more than 1 700 claims of injury or death cases related to its cars to U.S. regulatory authorities. This is considered one of the largest violations in the history, which could result in a fine estimated to $35 million. The Executive Vice President of Honda […]
Read moreNovember 25, 2014 10:43 am
The third-biggest bank in the U.S. – Citigroup Inc. – was imposed a fine of $15 million by the Financial Industry Regulatory Authority as it failed to monitor research analysts and the way they have been operating with material non-public information. The Executive Vice President of Finra’s Office of Fraud Detection and Market Intelligence – […]
Read moreNovember 25, 2014 8:31 am
United Technologies Corp. made an official announcement that its Chief Executive Officer, Louis Chenevert, has decided to leave the company. The statement comes at a time when the U.S.-based company is facing difficulties to increase growth in some of its major divisions. The announcement also comes right ahead of the companys investor meeting, which is […]
Read moreNovember 24, 2014 3:53 pm
Petrofac Ltd issued a warning that its earnings will be lower than expected due to project delays, which were a result of declining oil prices. The U.K.-based company warned its investors that the difficult oil price environment is likely to affect its net profit, reducing it to $500 million in 2015. This projection is 25% […]
Read moreNovember 24, 2014 1:29 pm
According to people with knowledge of the situation, Samsung Electronics Co. is considering its first major management restructure. The reorganisation plans are part of the company attempts to bring a new life to its fortunes after it faced difficulties over the year, which seriously affected not only its profitability, but also its stock price and […]
Read moreNovember 24, 2014 9:08 am
The largest mining company by market value in the world – BHP Billiton Plc shared its intentions to intensify its cost-cutting and productivity strategies to help maintain its dividends at a time of falling iron ore and crude oil prices. The decision comes at a moment when the companys executives look to free up cash […]
Read moreNovember 21, 2014 2:16 pm
The Chief Executive Officer of Orange SA, Stephane Richard, said that the company is to consider a strategic partnership with a landline or cable provider as a part of its plan do expand its reach into broadband and TV services in the U.K. Stephane Richard said in an interview, cited by Bloomberg: “Convergence often means […]
Read moreNovember 21, 2014 10:11 am
General Motors Co., which has been dealing with a series of litigation over defective ignition switches, revealed that it plans to make serious senior leadership changes. The move is considered a part of its strategy to make its quality and customer care better. The Chief Executive Officer of the company, Mary Barra, said in an […]
Read moreNovember 21, 2014 8:47 am
According to latest reports, the largest search engine in the world, Google Inc., is pushing back to China by providing domestic developers with the opportunity to sell paid applications in its Play store, which is currently available to the 632 million Internet users in the country. After closing its Chinese search page four years ago, […]
Read more
