October 28, 2014 8:06 am
Twitter Inc. made an official statement today that its user growth declined for another straight quarter. This put a lot of pressure on the companys Chief Executive Officer, Dick Costolo, who needs to make Twitter attractive to more customers and advertisers, and also led to a sell-off in the stock. Mr. Costolo said during an […]
Read moreOctober 27, 2014 3:45 pm
Chiquita Brands International Inc. revealed that it reached an agreement to be purchased by Brazils Cutrale Group and Safra Group. The deal is estimated to about $681 million in cash. Cutrale Group and Safra Group said in a statement, cited by Bloomberg: “It has impressive brand loyalty and recognition through its Chiquita and Fresh Express […]
Read moreOctober 27, 2014 2:58 pm
Valeant Pharmaceuticals International Inc. said in an official statement that it is prepared to raise its acquisition offer for Allergan Inc. According to the statement, Valeant is ready to offer at least $200 per share in order to get the support of Allergans board. The Chief Executive Officer of the company, J. Michael Pearson, said […]
Read moreOctober 27, 2014 1:48 pm
Saab AB revealed in a statement that it sealed a contract with Brazil for development and production of 36 Gripen NG jets. The deal is estimated to SEK 39.3 billion ($5.4 billion) and comes after Saab has lost such a transaction with Switzerland. The Chairman of the Sweden-based company, Marcus Wallenberg, said in the statement, […]
Read moreOctober 27, 2014 10:28 am
TNT Express NV made an official statement today, which revealed a third-quarter loss at a time when the company is taking restructuring measures. The performance of the company over the quarter was also affected by investigations over alleged anti-competitive practices in France, which led to extra expenses to cover the €50-million charge. The Chief Financial […]
Read moreOctober 27, 2014 9:27 am
A person familiar with the situation reported that Hewlett-Packard Co. is trying to sell part of its networking subsidiary called H3C Technologies Co. The person, who asked not to be named because the process is still not public, said that HP intends to dispose of about 51% of its stake in the networking business and […]
Read moreOctober 24, 2014 12:40 pm
The stock of the biggest construction-equipment manufacturer in the world, Caterpillar Inc., rose the most in more than eight months after the companys results during the third fiscal quarter outpaced the analysts profit forecasts. Caterpillar also boosted its full-year earnings projection. The Chief Executive Officer of the company, Doug Oberhelman, said in a conference call, […]
Read moreOctober 24, 2014 9:58 am
The biggest wireless networks maker in the world, Ericsson, made an official statement today that its sales over the third quarter of the fiscal year rose, which surpassed analysts projections, as phone carriers invested in networks in order to improve their signal. The company said in a statement, cited by Reuters: “We are executing on […]
Read moreOctober 24, 2014 8:57 am
The biggest software manufacturer in the world, Microsoft Corp., reported that its sales over the past quarter surpassed analysts forecasts due to cloud-computing growth and recovering personal-computer sales. The companys statement comes at a moment when Microsofts Chief Executive Officer Satya Nadella is trying to bring a new life to the U.S.-based company. Daniel Ives, […]
Read moreOctober 24, 2014 8:17 am
Amazon.com Inc. announced its projection regarding sales and profit for the fourth fiscal quarter, which came below initial analysts estimates. The companys forecast also highlighted the limits of its Chief Executive Officer Jeff Bezos strategy to make large investments in order to boost Amazons growth. The Chief Financial Officer of Amazon, Tom Szkutak, commented in […]
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