September 17, 2014 7:30 am
The Chief Strategy Officer of AT&T Inc. – Mr. John Stankey said that the carrier saw a lot of near-term and long-term options for AT&T in Latin America and is poised for acquisitions in Mexico. “In particular, Mexico, if you step back and think about Mexico, is the place that is prone to move into […]
Read moreSeptember 16, 2014 2:12 pm
Publicis Groupe SA announced in an official statement today that it extended Chief Executive Officer Maurice Lévys term by 18 months after more than 40 years spent in the company, highlighting its struggle to find a successor. Mr. Lévys tenure extension comes only months after plans for a $35-billion megamerger with Omnicom Group Inc. collapsed. […]
Read moreSeptember 16, 2014 12:42 pm
Asos Plc, Britains largest online-only fashion retailer, posted a warning for its 2015 profit due to lower selling prices and investments in logistics and technology. The companys shares declined as much as 15% after the third profit reduction for 2014. Asoss Chief Executive Officer Mr. Nick Robertson said in a statement, which was cited by […]
Read moreSeptember 16, 2014 10:08 am
The largest aerospace group in Europe – Airbus Group NV revealed that it plans to focus its defence activities primarily on space launchers and satellites, military aircraft and missiles. The France-based company shared it intends to sell a group of assets as part of a restructuring strategy that includes significant lay-offs. “The portfolio review is […]
Read moreSeptember 16, 2014 9:07 am
France-based Orange SA revealed that it made an acquisition bid of about €3.4 billion ($4.4 billion) in cash to the Spanish broadband provider Jazztel Plc., the French companys largest takeover offer in almost ten years. “We are doing this deal to accelerate our growth in Spain, particularly in fixed-mobile convergent offers,” said Orange Chief Executive […]
Read moreSeptember 16, 2014 8:21 am
Alibaba Group Holding Ltd, which is still preparing its Initial Public Offering that could become the largest one in the world, increased the amount it is seeking to raise on Friday to as much as $21.8 billion following strong investor demand. According to a regulatory filing, Alibaba, the largest e-commerce company in China, is now […]
Read moreSeptember 16, 2014 6:24 am
According to the first batch of applications to a victims compensation fund, a total of 125 claims of fatalities related to defective ignition switches have been received so far by General Motors, the largest auto maker in the U.S. The compensation expert hired by GM to vet which applications were valid – Kenneth Feinberg – […]
Read moreSeptember 15, 2014 3:10 pm
Google Inc. launched a new line of affordable smartphones on Monday in India. The Android One – a low-cost device capable of Internet access, is aimed at persuading more people in the fastest-growing smartphone market, as well as other emerging markets, to upgrade their handsets. Mr. Sundar Pichai, senior vice president of Google said in […]
Read moreSeptember 15, 2014 2:22 pm
China Petroleum & Chemical Corp. (Sinopec) registered its largest daily decline in more than three years after revealing that it intends to sell a stake of its fuel-retailing unit at the price of CNY107 billion ($17.5 billion), which was lower than the one initially expected by analysts. Sinopec, as the company is more commonly known, […]
Read moreSeptember 15, 2014 1:01 pm
Air France KLM SA is facing its most disturbing pilot strike in 16 years. The company announced that the airline would only operate four out of ten scheduled flights on Monday due to the walkout. The pilots are starting the strike after their negotiations with the companys management over the weekend turned out unsuccessful. Air […]
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