October 21, 2014 1:59 pm
The largest online-only fashion retailer Asos Plc reported on its annual profit, which surprised analysts estimates. Shares of the company surged the most since late August during the London trading session, following the announcement. Jamie Merriman and Noelle Guo, analysts at Sanford C. Bernstein Ltd, commented in a report, cited by Bloomberg: “Investors will be […]
Read moreOctober 21, 2014 12:30 pm
AbbVie Inc. confirmed that its has agreed on the termination of its deal with Shire Plc, after the companys investors did not back the transaction amid proposed changes to the U.S. rules, which regulate such deals. The two companies expressed their disappointment in separate statements. As reported by Bloomberg, AbbVie said that the new rules […]
Read moreOctober 21, 2014 9:32 am
Apple Inc. reported its results during the quarter that ended on September 27th along with the launch of its new digital payments service called Apple Pay. The U.S.-based company said in its official statement that its revenue for the period increased by 12% and amounted to $42.1 billion. This revenue growth has been the strongest […]
Read moreOctober 21, 2014 8:42 am
Actelion Ltd, the largest biotech company in Europe, made an official statement today that it boosted its full-year earnings projection. The company increased its forecast for a second time, after it reported its third-quarter results, with profit surpassing initial analysts estimates due to the new lung drug sales. According to the statement, the Switzerland-based company […]
Read moreOctober 21, 2014 7:22 am
Toyota Motor Corp. withdrew a total of 247 000 vehicles in the U.S. due to a problem with their air bags. This is the latest vehicle withdrawal in a series of recalls, which affected other models. One of the spokesmen of Toyota, John Hanson, did not immediately respond to e-mailed requests for comments, sent after […]
Read moreOctober 20, 2014 2:48 pm
Valeant Pharmaceuticals International Inc. posted third-quarter earnings, which were better than initially expected and also upgraded its full-year earnings projection. Valeant said in its statement that the results during the quarter reflected the “true strength” of its business. The companys Chief Executive Officer, J. Michael Pearson, said in a news release today, cited by the […]
Read moreOctober 20, 2014 2:00 pm
The largest manufacturer of home appliances in Europe, Electrolux AB, made an official statement today, that its earnings rose for a third consecutive quarter due to a cut in expenses and the release of more profitable products on the market. The Chief Executive Officer of the company, Keith McLoughlin, said in a statement, cited by […]
Read moreOctober 20, 2014 11:04 am
The second-largest airline on the territory of Europe – Deutsche Lufthansa AG revealed that the series of strikes, which have been the longest in its entire history, will result in cancellations of more than 2 000 flights over the next two days. A spokesman of the pilot union, Joerg Handwerk, said in a telephone interview, […]
Read moreOctober 20, 2014 8:51 am
Philips Electronics made an official statement in regard to its third-quarter results. The companys earnings over the period came short of initial analysts forecasts due to unfavorable exchange rates and decreasing demand in China and the Russian Federation. The Chief Executive Officer of the company, Mr. Frans Van Houten, said in Philips statement, cited by […]
Read moreOctober 20, 2014 8:18 am
Several people with knowledge of the matter reported that International Business Machines Corp. reached an agreement to pay a total of $1.5 billion to Globalfoundries for the acquisition of its semiconductor business. The deal between the two companies is expected to be officially announced in the U.S. early on Monday. IBM also hinted about the […]
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