September 25, 2014 7:52 am
Apple Inc. withdrew its latest update for the iOS operating system as the new software was reported to have caused problems that resulted in some customers losing cellular service. According to some users, the fingerprint reading Touch ID feature was also not working properly after the software update. The U.S.-based tech giant apologized for the […]
Read moreSeptember 24, 2014 3:00 pm
Samsung Electronics Co. will start selling its Galaxy Note 4 smartphone in China by the end of September, sooner than initially planned, amid persisting concerns over the companys declining earnings. The step will provide the company with a head start on Apple and its new iPhone 6 and iPhone 6 Plus models, which are currently […]
Read moreSeptember 24, 2014 1:53 pm
The Chief Executive Officer of U.K.-based Vodafone Group Plc – Mr. Jeroen Hoencamp revealed that his main goal is to return the company back to growth in the next two years. The company, which is the largest mobile phone carrier outside of Asia, will battle a long-term decline with growth in both sales and profits […]
Read moreSeptember 24, 2014 12:38 pm
According to a report by Crittercism Inc., the latest software update of Apple Inc. for its iPhone and iPad units is causing some popular applications to crash more frequently than usual, among other glitches. Crittercisms Chief Executive Officer Mr. Andrew Levy said for Bloomberg: “It just goes to show how hard it is to test […]
Read moreSeptember 24, 2014 11:05 am
Starbucks Corp., the biggest coffee-shop chain in the world, revealed that it had reached an agreement over the acquisition of the remaining 61% stake in its Japanese operations for $913.5 million. The acquisition will include purchasing a 40% stake from Sazaby League for $505 million and a 21% stake held by public investors for $408.5 […]
Read moreSeptember 24, 2014 8:49 am
According to people familiar with the situation, Actavis was approached for acquisition talks by Pfizer Inc in the US companys latest attempt to reduce its tax rate. The people close to the process, who asked not to be named, because the information is still private, shared that no formal negotiations between the two companies have […]
Read moreSeptember 24, 2014 8:01 am
Alibaba Group Holding Ltd, the largest e-commerce company in China, will use its finance arm to create a marketplace for 1 trillion yuan ($163 billion) of loans. The company is stimulating more Chinese citizens to borrow and lend money and is planning to bring its idea to life in as soon as two years. The […]
Read moreSeptember 23, 2014 2:00 pm
Tesco Plc revealed in an official statement today that Mr. Alan Stewart will take the position of Chief Financial Officer today. Mr. Stewart was released early from Marks & Spencer Group Plc to take over the U.K.-based grocers finances more than two months ahead of his start date, which was initially scheduled for December 1st. […]
Read moreSeptember 23, 2014 1:34 pm
Raiffeisen Bank International AG, the second-biggest bank operating in Eastern Europe, fell the most in three years after projecting its first annual loss due to surging bad-debt provisions. According to a statement by the banks Chief Executive Officer Mr. Karl Sevelda, Raiffeisens loss may widen to between €50 million ($64 million) and €500 million. He […]
Read moreSeptember 23, 2014 11:59 am
According to people familiar with the matter, Allergan Inc. has renewed negotiations over the acquisition of Salix Pharmaceuticals Ltd, which first started in July, as it seeks to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc. The acquisition of Salix, if finalized, is likely to be valued at more than $10 billion […]
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