November 3, 2014 8:43 am
The third-biggest advertising company in the world – Publicis Groupe SA revealed that it reached an agreement to purchase Sapient Corp. at the price of $3.7 billion. The deal is considered part of the France-based companys strategy to expand its reach into digital offers. The transaction was approved by boards of both companies. Mr. Maurice […]
Read moreOctober 29, 2014 3:49 pm
Fiat Chrysler Automobiles NV intends to spin off Ferrari. This step is to give the luxury sports-car manufacturer independence from its less-profitable parent company. The Chief Executive Officer of the company, Sergio Marchionne, said in a statement, cited by the Financial Times: “As we move forward to secure the 2014-2018 Business Plan and work toward […]
Read moreOctober 29, 2014 3:07 pm
The research lab of Google Inc. announced that it is working on a nanoparticle technology, which could be used in the near future. The technology includes small magnetic particles, which are meant to check the human body for any signs of cancer and other diseases. As reported by Bloomberg, the head of Googles life sciences […]
Read moreOctober 29, 2014 12:38 pm
The biggest airline carrier in Europe, Air France KLM SA, said in a statement today that its third-quarter profit declined after the company was affected by a pilot strike, which lasted for two weeks. The company also stated it may need to increase its savings, because the bookings are still weak. The Chief Financial Officer […]
Read moreOctober 29, 2014 10:06 am
The largest bank on the territory of Germany – Deutsche Bank AG reported a loss over the third fiscal quarter. The banks result comes after it set aside €894 million ($1.1 billion) to cover the past misconduct investigations costs. The co-Chief Executives of Deutsche Bank, Jürgen Fitschen and Anshu Jain, said in a statement, cited […]
Read moreOctober 29, 2014 9:31 am
The Chief Executive Officer of Facebook Inc., Mark Zuckerberg, said that the company is to continue to make large investments in new technologies in the upcoming years. The announcement was greeted with caution by some analysts. Mr. Zuckerberg said on a call, cited by Bloomberg: “For the next 10 years, our focus is on driving […]
Read moreOctober 28, 2014 2:55 pm
The third-biggest auto manufacturer on the territory of Japan, Honda Motor Co., posted its annual profit forecast for the year through in March 2015. The company said its profit is expected to fall by 1.6% to reach ¥565 billion ($5.2 billion). Honda revised down its projection made in April, which forecast a profit of ¥600 […]
Read moreOctober 28, 2014 2:12 pm
The third-biggest oil producer on the territory of Europe, BP Plc, reported a third-quarter profit, that exceeded initial analysts estimates. The result is probably due to the underlying production increase and refining margins improvement. The companys Chief Executive Officer, Bob Dudley, said in BPs statement, cited by Bloomberg: “BP’s operational momentum continues to deliver results.” […]
Read moreOctober 28, 2014 12:17 pm
The Japan-based telecommunications company Softbank Corp. revealed in a statement today that it is to make a $627-million investment in the Indian e-retailer Snapdeal.com in order to expand its reach on the constantly growing online market in the country. The company also said that its Internet and Media Inc. business is to invest additional $210 […]
Read moreOctober 28, 2014 9:49 am
Royal Dutch Shell Plc, which has spent eight years and invested $6 billion in oil search in the Arctic’s Beaufort and Chukchi seas, is asking the Obama administration to provide it with five more years for oil exploitation of the Alaskas coast. The company also said that difficulties and legal delays may push the drilling […]
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