September 23, 2014 9:18 am
Philips Electronics revealed in an official statement today that its Chief Executive Officer Mr. Frans van Houten intends to split the companys operations in two new companies. This step will allow Philips to prepare its lighting unit for a future as an independent entity, while the rest of the company will focus on its health-care […]
Read moreSeptember 23, 2014 8:03 am
Apple Inc. managed to sell a record number of iPhones over the first weekend after its two new flagship models were released. The company said in an official statement that its iPhone sales rose to a record of more than 10 million and beat the 9 million units sold by the company in 2013 after […]
Read moreSeptember 23, 2014 7:18 am
Tesco Plc started a probe over accounting practices and suspended four of its senior executives, including the chief of its operations in the U.K., after an employee signaled an overstatement of the companys first-half profit. Independent outside auditors and legal counsel were called in order to investigate an overstatement of the projections amounting to £250 […]
Read moreSeptember 20, 2014 11:00 am
According to people with knowledge of the matter, the biggest engineering company in Europe – Siemens AG – is considering to make an offer estimated to more than $6.5 billion for Dresser-Rand Group Inc. that could outgun an earlier bid by rival Sulzer AG. One of the people, who asked not to be identified because […]
Read moreSeptember 19, 2014 1:55 pm
Royal Bank of Scotland Group Plc shared in an official statement today that it abandoned plans to relocate its headquarters to England in case Scots voted “Yes” in their referendum for full independence. RBS, which is based in Edinburgh, was not the only bank which said this week it would move its head office to […]
Read moreSeptember 19, 2014 12:51 pm
GlaxoSmithKline Plc was imposed a fine of £297 million ($489 million) and a top executive received a suspended sentence, for bribing doctors in China, ending a 15-month investigation. “Reaching a conclusion in the investigation of our Chinese business is important, but this has been a deeply disappointing matter for GSK,” Chief Executive Officer Andrew Witty […]
Read moreSeptember 19, 2014 10:19 am
Vivendi SA shared in an official statement today that it agreed to sell its Brazilian broadband division GVT to Telefonica SA in a €7.24-billion ($9.3-billion) deal. The acquisition is made up of both cash and stakes in two other telecoms companies. The acquisition was approved by Vivendis board, but it is still subject to approval […]
Read moreSeptember 19, 2014 9:04 am
German business-management software giant SAP SE said it reached an agreement over the acquisition of Concur Technologies Inc. in a push to boost its cloud-computing operations. “The acquisition of Concur is consistent with our relentless focus on the business network,” said Bill McDermott, SAP chief executive, in the companys statement. “We are making a bold […]
Read moreSeptember 19, 2014 7:28 am
Home Depot Inc. revealed in an official statement that about 56 million credit and debit cards were subject to data breach in the period from April to September 2014. The hacker attack exceeded the scale of the one against Target Corp. in 2013. The companys Chairman and Chief Executive Officer Mr. Frank Blake apologized for […]
Read moreSeptember 18, 2014 1:43 pm
Toshiba Corp. revealed in an official statement today that it plans to speed up the restructuring of its PC business in order to become more concentrated on the business-to-business field. The Japan-based company also shared that it plans to leave certain consumer markets. “The PC market is expected to see a continuing trend to modest […]
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