October 13, 2014 2:39 pm
Fiat Chrysler Automobiles NV started trading on the New York Stock Exchange on Monday after the two companies completed their merger in an attempt to expand their reach and consolidate positions on the market. The stock of the new company is to be traded under the symbol FCAU and will be moved from the Milan […]
Read moreOctober 13, 2014 1:40 pm
The discount chain of Sears Holdings corp., Kmart, announced that its customers will be provided with free credit monitoring at a time when the chain is investigating a hacker attack, which was detected last week. The President of Kmart – Mr. Alasdair James – said in the statement, cited by BBC: “I sincerely apologise for […]
Read moreOctober 13, 2014 11:49 am
The largest smartphone manufacturer in the world – Samsung Electronics Co. Ltd said in an e-mailed statement, that it has developed a faster Wi-Fi technology. According to this statement, the new technology is able to boost the speed of data transmission by five times the maximum rate possible. The launch of the new technology on […]
Read moreOctober 13, 2014 9:54 am
The largest energy company in Norway – Statoil ASA announced in an official statement that it intends to dispose of its 15.5% stake in the Shah Deniz field in Azerbaijan. The company, whose production from the field in question over the second fiscal quarter amounted to 38 000 barrels of oil on a daily basis, […]
Read moreOctober 13, 2014 7:54 am
The biggest eyewear manufacturer in the world – Luxottica Group SpA is to part with another Chief Executive Officer, as Mr. Enrico Cavatorta has decided to leave the company. The news hints that the imbalance at the manager level of Luxottica, which is considered to have started in September, is still troubling the eyewear maker. […]
Read moreOctober 10, 2014 6:55 am
PepsiCo reported third-quarter profits increase, overtaking analysts forecast and boosting yearly earnings estimates as the company raised prices on their products and trimmed costs. In a statement dated October 9th the company reported a net income of $2 billion, a 5% increase, compared to $1.91 billion a year earlier, or $1.32 per share to $1.23. […]
Read moreOctober 9, 2014 1:53 pm
Costco Wholesale Corp. revealed that its profit generated in the fourth quarter managed to beat analysts forecasts thanks to a jump in sales at the companys established stores. According its October 8th statement, the biggest US warehouse-club chains Q4 net income increased by 13% from $617 million, or $1.40 per share, a year earlier to […]
Read moreOctober 9, 2014 9:00 am
Advanced Micro Devices Inc. appointed Ms. Lisa Su as Chief Executive Officer to succeed Rory Read in a push to make AMDs technology more competitive. Shares of the company fell by more than 7% in extended trading. Mr. Read said in a conference call, which was cited by the Wall Street Journal: “Now is the […]
Read moreOctober 9, 2014 8:39 am
The Chief Executive Officer of Fiat SpA – Mr. Sergio Marchionne shared that he sees potential to create a new leader in the auto industry after the merger with Chrysler is completed. Mr. Marchionne said in a joint interview with Chairman John Elkann, which was cited by Bloomberg: “There is room to create one guy […]
Read moreOctober 8, 2014 12:34 pm
Amazon.com Inc. will face a close investigation by EU authorities of its 2003 Luxembourg tax deal following suspicions that the U.S.-based online retailer shifted its profits in order to avoid taxes. European Commission Vice President Joaquín Almunia, who is in charge of competition policy, said in an interview, which was cited by Bloomberg: “What is […]
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