October 15, 2014 2:38 pm
Hewlett-Packard Co. revealed in an official statement today that it will resume its share buyback program. This decision of the company eliminated speculations that HP is still considering the takeover of EMC Corp. According to the statement by Hewlett-Packard, its share repurchase program had been stopped due to the possession of “material non-public information”. The […]
Read moreOctober 15, 2014 1:46 pm
BG Group Plc, the third-largest oil and gas producer in the U.K., announced that Helge Lund was appointed at the position of Chief Executive Officer. The former CEO of the company, Mr. Chris Finlayson, left BG Group in April 2014, after spending only 16 months as head of the U.K. oil and gas producer. Chairman […]
Read moreOctober 15, 2014 10:07 am
The largest health-care manufacturer in the world – Johnson & Johnson made an official statement that its net income increased over the third quarter of the fiscal year. The company also boosted its annual earnings projection thanks to its new hepatitis C drug called Olysio. Mr. Caruso, the Chief Executive Officer of the company, said […]
Read moreOctober 15, 2014 8:33 am
Yahoo! Inc. announced that it intends to shut down its office located in Amman, Jordan, as the company is seeking to reduce the size of its international operations. A person with knowledge of the situation, who asked not to be identified, because the information is still private, revealed that almost 80 job positions will be […]
Read moreOctober 15, 2014 7:50 am
The board of directors of AbbVie Inc. revealed that it intends to reconsider its decision to recommend the companys investors to support the takeover of Shire Plc amid changing tax rules in the U.S. The acquisition of Shire is estimated to $55 billion. AbbVie said in an official statement, cited by Bloomberg, that there is […]
Read moreOctober 14, 2014 2:26 pm
Daimler AG made an official statement today that cash flow from its industrial operations increased by about 80% over the third quarter in the fiscal year, as its Mercedes-Benz Cars division posted larger earnings. Frank Biller, an analyst at LBBW, commented for Bloomberg: “The results are significantly better than expected. This shows that fears of […]
Read moreOctober 14, 2014 12:13 pm
Google Inc. said in a blog post that it expanded its online shopping and delivery services to more cities in the U.S., including Boston, Washington D.C. and Chicago in an attempt to pose a challenge to its major competitor Amazon.com Inc. in order to lure customers. As reported by the Wall Street Journal, Vice President […]
Read moreOctober 14, 2014 9:23 am
The U.K.-based luxury brand Burberry Group Plc reported in a statement that there was a slowdown in its sales growth over the second fiscal quarter amid decreased demand by Chinese customers. According to Burberrys statement, its total underlying sales in the quarter ended on September 30th, increased by 14% and reached £1.1 billion ($1.8 million) […]
Read moreOctober 14, 2014 8:30 am
The leasing unit of General Electric Co., said in a statement that it reached an agreement over the acquisition of the biggest helicopter leasing company in the world, Milestone Aviation Group, in a deal estimated to $1.78 billion. GE Capital Aviation Services revealed that under the terms of the deal 168 helicopters, which are worth […]
Read moreOctober 14, 2014 6:35 am
Iliad SA said in an official statement that it dismissed plans to purchase a majority stake in T-Mobile U.S. Inc. after a larger acquisition offer was turned down by its parent Deutsche Telekom AG. After the previous acquisition offer of Iliad was turned down, it shared in a statement that the bid had been based […]
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