September 18, 2014 1:02 pm
The biggest car manufacturer in South Korea – Hyundai Motor Co. managed to beat a bid by fellow South Korean company Samsung Electronics Co. for a real estate located in Seouls Gangnam district. At KRW10.6 trillion ($10 billion), Hyundais bid is three times bigger than the assessed value of the property. Shares closed more than […]
Read moreSeptember 18, 2014 12:10 pm
Sony Corp. lost ¥192.4 billion ($1.8 billion) of its market value after the company projected yesterday a larger full-year net loss than initially expected. In addition, Sony said that it wont pay dividend this year for the first time since its listing in 1958. Sony shares experienced their largest drop since November 2013 following yesterdays […]
Read moreSeptember 18, 2014 9:32 am
Bayer AG revealed in an official statement today that it intends to divest its plastics division. The long-awaited step will quicken the German companys retreat from the chemicals industry in order to narrow its focus on the more attractive life sciences operations. “In this way Bayer would position itself as a world-leading company in the […]
Read moreSeptember 18, 2014 8:08 am
Chinese e-commerce giant Alibaba Group Holding Ltd is expected to sell about $22 billion in shares on Thursday putting an end to speculations and sky-high interest from investors all over the world. The company will finally carry out its Initial Public Offering, which may become the largest one on record. According to what the company […]
Read moreSeptember 18, 2014 6:58 am
Amazon.com Inc. unveiled five new Kindle models aimed at different customers – from children to office employees, in a push to attract more users. The expanding Kindle line-up reflects the efforts of the companys Chief Executive Officer Mr. Jeff Bezos to develop new devices in order to lure media-consuming users. Amazon, which is primarily focused […]
Read moreSeptember 17, 2014 3:02 pm
FedEx Corp. said that Q1 earnings rose by 24% as it managed to finalize a record buyback program, registered growth in deliveries across segments and lowered pension expense. “All three of our transportation segments drove higher revenues and improved profitability year over year,” Chief Financial Officer Alan Graf said in the statement, which was cited […]
Read moreSeptember 17, 2014 1:48 pm
Sky Deutschland AG said that it advised its shareholders to reject a takeover bid by British Sky Broadcasting Group Plc. The company described the price of the eventual acquisition, which has been accepted by its controlling investor 21st Century Fox Inc., as too low. As reported by the Wall Street Journal, Sky Deutschland said the […]
Read moreSeptember 17, 2014 12:27 pm
The biggest clothing retailer in Europe – Industria de Diseno Textil SA (Inditex) announced in an official statement today that its first-half profit fell less than analysts expected, while sales rose more than projected. According to the companys statement, Inditex net income over the first half that ended July declined from €951 million over the […]
Read moreSeptember 17, 2014 11:31 am
Sony Corp. made an official statement today and warned it would report a larger than initially expected full-year loss because it was writing down the value of its underperforming smartphone business. The companys decision was commented for Bloomberg by Masahiko Ishino, an analyst at Advanced Research Japan Co.: “Sony should have done it earlier. A […]
Read moreSeptember 17, 2014 8:40 am
Boeing Co. was awarded a contract valued at about $4.2 billion by NASA. The company will split federal funding of as much as $6.8 billion with its competitor Space Exploration Technologies Corp. in order to help the U.S. resume manned missions and cut its reliance on Russian rockets. As reported by the Financial Times, NASA […]
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