November 14, 2014 10:27 am
People with knowledge of the process reported that Halliburton Co. is currently in negotiations to acquire Baker Hughes Inc. The transaction is expected to combine two of the biggest companies in the energy business at a time when the entire industry has been suffering from declining oil prices. The Vice President of the industry consultant […]
Read moreNovember 14, 2014 8:57 am
The biggest online retailer in the world, Amazon.com Inc., managed to resolve its misunderstandings with Hachette Book Group over the traditional and digital books sale through a multiyear agreement at the home market of the e-commerce company. The deal is to take effect in early 2015. Sarah Kahn, an analyst at IBISWorld, commented on the […]
Read moreNovember 14, 2014 8:43 am
The biggest retailer in the world, Wal-Mart Stores Inc., reported its earnings over the third fiscal quarter, which came above analysts projections, due to the fact that the companys same-store sales on its domestic market increased for the first time in almost two financial years. The Chief Executive officer of the company, Doug McMillon, said […]
Read moreNovember 13, 2014 1:45 pm
UnitedHealth Group Inc., the biggest health insurer in the U.S., announced an executive reorganization. The company revealed in an official statement that its Chief Financial Officer, David Wichmann, is to become President with an immediate effect. The Chief Executive Officer Stephen Hemsley said in the statement, cited by Bloomberg: “We are bringing forward the next […]
Read moreNovember 13, 2014 12:26 pm
The second-largest brewer in the world, SABMiller Plc, revealed in a statement today that the trading conditions are expected to remain challenging. The company reported an increase in its first-half profit that failed to reach analysts forecasts due to customer demand decline in China and Australia. The Chief Executive Officer of the company, Alan Clark, […]
Read moreNovember 13, 2014 10:07 am
Today, at Twitter Inc.s first analyst day, the Chief Executive Officer of the company Dick Costolo revealed that 500 million people visit the companys website on a monthly basis without logging in. Mr. Costolo explained that the microblogging service of the U.S.-based company is accessible not only to its subscribers, but also to a large […]
Read moreNovember 13, 2014 8:53 am
Cisco Systems Inc. reported on first-quarter results and provided its second-quarter projection, which fell short of analysts outlooks. According to Ciscos statement, its profit for the three months ended October 25th declined by 8.4% at a time of weakness in emerging markets which offset a revival in some of the companys flagship networking products. The […]
Read moreNovember 12, 2014 8:56 am
The operator of the worlds largest container line – AP Moeller Maersk A/S – reported on Tuesday that its third-quarter profit rose due to reduced expenses and increased box volumes. However, lower earnings in the companys oil unit and a downward revised global shipping demand growth this year weighed on shares. According to the companys […]
Read moreNovember 12, 2014 8:46 am
South Koreas biggest car manufacturer – Hyundai Motor Co. and its affiliate Kia Motors Corp. announced that they are planning to buy back a combined KRW670 billion ($616 million) of stock. The buyback comes as the latest attempt to ease investors agitation following the $10-billion purchase of a property in Seoul slated for new headquarters. […]
Read moreNovember 11, 2014 1:00 pm
Alibaba reported record sales during the first hours of its November 11th Singles Day promotion, turning it into the biggest online shopping discount event. The figures until lunchtime suggested the event will even beat the online sales generated in the U.S. holiday shopping spree between Thanksgiving and Cyber Monday in 2013. Alibaba shared that more […]
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