October 1, 2014 12:47 pm
The second-biggest sporting-goods manufacturer – Adidas AG announced today that it plans to launch a €1.5-billion ($1.9 billion) buyback program spanning three years as part of the companys attempt to soothe investor anxiety. According to the information shared in the companys statement, the three-year buyback plan is planned to start in the fourth quarter of […]
Read moreOctober 1, 2014 10:38 am
Amazon.com Inc. seems to be approaching a settlement over an almost two-month long disagreement with Walt Disney Co. Over the period of the dispute, Amazon stopped offering the pre-order option for Disney DVDs amid a discord over prices, promotions on Amazons website and other issues. The issue was first faced in early August 2014, placing […]
Read moreOctober 1, 2014 9:50 am
The European Commission found out in its latest crackdown on tax avoidance that the deal which was granted to Apple Inc. by Ireland tax authorities failed to comply to international guidelines, which could result in the company paying considerable sums in back taxes. Yesterday, the European Union released documents that explain why it has decided […]
Read moreOctober 1, 2014 8:18 am
Microsoft Corp. finally revealed some details about its newest operating system at an event in San Francisco. The new Windows 10, as it will be called, has some new features such as added security and a custom applications store. It is primarily focused on attracting business users, who pretty much avoided the previous version of […]
Read moreSeptember 30, 2014 1:47 pm
The largest online marketplace – eBay Inc. revealed in a statement today that it intends to spin off its payments unit PayPal next year, turning it into a separate entity. The company finally gave in to pressure from activist shareholder Carl Icahn who had been pushing for a split for the past nine months. The […]
Read moreSeptember 30, 2014 12:51 pm
The Chief Executive Officer of Yahoo! Inc. – Marissa Mayer – has been put under a lot of pressure lately to sell the U.S.-based company or change its cash management policy. After a recent call from Starboard Value LP for Yahoo to merge with AOL Inc., a letter was sent yesterday to Mrs. Mayer and […]
Read moreSeptember 30, 2014 11:44 am
Royal Bank of Scotland Group Plc saw its stock jump today, as the company brightened the projected results through years end, as an improving economic situation in the lenders top markets buoys margins. According to its statement, RBS is to “significantly outperform” its initial projection that 2014 total impairments would reach as much as £1bn […]
Read moreSeptember 30, 2014 9:57 am
Toyota Motor Corp. announced that it will recall 690 000 Tacoma pickup trucks, while as many as 1.69 million Toyota Corollas built between 2006 and 2010 could be investigated amid complaints of “unintended low-speed surging”, according to the National Highway Traffic Safety Administration. The NHTSA has also formally started to review a complaint stating that […]
Read moreSeptember 30, 2014 8:23 am
Apple Inc. secured the last approval needed from Chinas regulatory authorities and will start selling its new iPhone 6 and iPhone 6 Plus models in the Asian country on October 17th after addressing user security and privacy issues. “We are thrilled to bring iPhone 6 and iPhone 6 Plus to our customers in China on […]
Read moreSeptember 27, 2014 10:30 am
BlackBerry reported on Friday that its second-quarter loss narrowed further to top analysts initial estimates, but falling revenue suggested the company is not out of the woods yet. According to BlackBerrys statement, non-GAAP net loss for the three months ended August 30th shrunk to $11 million, or 2 cents per share, beating analysts projections for […]
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