October 8, 2014 12:06 pm
Facebook Inc opened its “Audience Network” to all advertisers worldwide, allowing anyone who wants to advertise on the social media to do so and making it easier for everyone who already is. “The Audience Network brings these same powerful features to additional application-based mobile experiences, giving marketers even more scale for their Facebook campaigns” said […]
Read moreOctober 8, 2014 11:11 am
Air France KLM SA revealed in an official statement that its annual profit may be reduced by €500 million ($632 million) due to lost revenues after pilots strikes led to cancellations of hundreds of flights. According to Air Frances statement, the total losses from the strike are about €500 million ($632 million), with direct losses […]
Read moreOctober 8, 2014 9:08 am
The biggest retailer in the U.S. – Wal-Mart Stores Inc. will cut health insurance to about 30 000 of its part-time employees amid increasing medical-care expenses under Obamacare. According to an official statement published on its website, the company has made the decision to stop providing employees, who work less than 30 hours a week, […]
Read moreOctober 8, 2014 7:47 am
A person familiar with the situation shared that Valeant Pharmaceuticals International Inc., together with activist investor Bill Ackman’s Pershing Square Capital Management LP, intends to boost its acquisition bid for Allergan Inc. in the eve of the companys shareholder meeting in December. The person, who asked not to be named because the matter is still […]
Read moreOctober 7, 2014 1:59 pm
According to people with knowledge of the matter, the Chairman of Tesco Plc Mr. Richard Broadbent would consider stepping down after a probe into the companys recently alarmed accounting malpractices is finalized. The UK grocer has been put under a lot of pressure and close monitoring over the last couple of weeks since it called […]
Read moreOctober 7, 2014 12:14 pm
Time Warner Inc.s Turner Broadcasting unit said on Monday it will slash 1 475 positions, or 10% of its headcount, as part of its cost-cutting program aimed at redirecting funds to investing. Time Warners Chief Executive Officer Mr. Jeff Bewkes said in a conference speech, which was cited by Bloomberg: “We have been in this […]
Read moreOctober 7, 2014 9:12 am
Facebook Inc. managed to finally close its acquisition deal of WhatsApp Messenger, which turned out to be more expensive than it was originally planned. The deal, which received approval by European regulatory authorities last week, is considered the largest acquisition of Facebook to date. The U.S.-based social network said in a statement, which was cited […]
Read moreOctober 7, 2014 8:45 am
Glencore Plc approached Rio Tinto Plc with a merger proposal in July 2014, which would have been one of the largest deals in the history of mining industry, but Rio Tintos board rebuffed the acquisition offer and has not been in contact with the company since early August. Rio Tinto said in a statement, which […]
Read moreOctober 7, 2014 7:20 am
Samsung Electronics Co. Ltd reported in a regulatory filing today the largest decline in its quarterly profits in half a decade as sales in both the high and low-end smartphone segments were dented by the fierce rivalry of Apple Inc. and Chinese competitors. The South Korean company said that its operating profit declined by 60% […]
Read moreOctober 6, 2014 2:47 pm
A person with knowledge of the situation, the biggest mortgage provider in the U.K. – Lloyds Banking Group Plc is planning to cut thousands of jobs, which is considered to be the most significant round of job cuts in at least three years. This is not the first time when the U.K.-based banking group is […]
Read more
