September 11, 2014 12:57 pm
Today Royal Bank of Scotland Group Plc confirmed that its headquarters would be relocated in England in case the Scottish independence referendum next week ends up with a positive vote. A similar announcement was made by Lloyds Banking Group yesterday. The bank, which is 80%-government owned, made a stock exchange statement, which was cited by […]
Read moreSeptember 11, 2014 10:03 am
The fiber-optic communications company JDS Uniphase Corp. revealed that it plans to split into two separate publicly traded companies by the third quarter of 2015. JDS, whose market capitalization amounts to $2.78 billion, said it will separate producing optical components and commercial lasers in one entity and its network-testing equipment business in another. “We believe […]
Read moreSeptember 11, 2014 8:42 am
Sony Corp. revealed that it reached an agreement with Viacom Inc. to include more than 20 of its networks, such as MTV and Nickelodeon, in the Internet-based TV service it has been planning. A preliminary agreement between the two companies was reported by the Wall Street Journal a year ago. The programming agreement was the […]
Read moreSeptember 11, 2014 7:30 am
The fourth-largest wireless carrier in the U.S. – T-Mobile U.S. Inc. revealed in an official statement that it will let its customers use Wi-Fi in order to make phone calls and send text messages even in dead spots in their homes and offices. According to the companys statement, free in-home Wi-Fi antennas will be provided […]
Read moreSeptember 11, 2014 6:24 am
Twitter Inc. is planning to raise about $1.5 billion in its first sale of debt. The company, which went public in November 2013 and is still unprofitable shared that it intends to use the proceeds to invest in future acquisitions and expansion. A spokeswoman of the company – Ms. Natalie Miyake – refused to make […]
Read moreSeptember 10, 2014 2:26 pm
Germany-based Rocket Internet AG, an enterprise which invests, manages and expands internet-related businesses, revealed in an official statement that it plans to raise €750 million ($970 million) in its Initial Public Offering, planned for later this year. According to people with knowledge of the situation, the IPO could value the company at more than €5bn. […]
Read moreSeptember 10, 2014 1:25 pm
Deutsche Lufthansa AG plans to make a new offer to its pilots, who are participating in a series of strikes over early retirement benefits. The German airline is considering options to put an end to the pilots walk-outs, which took place three times in a period of two weeks. “We want to provide the pilots […]
Read moreSeptember 10, 2014 12:24 pm
Fiat SpA revealed in an official statement today that Ferrari Chairman Luca Cordero di Montezemolo is resigning after spending more than two decades leading the super-car manufacturer. The decision of Mr. Montezemolo comes after a public spat with Fiats Chief Executive Officer Mr. Sergio Marchionne. Discussions over Ferrari’s future and its racing potential “led to […]
Read moreSeptember 10, 2014 11:27 am
The Chief Executive Officer of Intel Corp. – Mr. Brian Krzanich is revealing devices that he believes will show the companys progress in its push into mobile devices. At the annual Intel Developer Forum that took place in San Francisco Mr. Krzanich presented a new Dell tablet with Dells Mr. Michael Dell. “Weve made good […]
Read moreSeptember 10, 2014 9:05 am
According to people familiar with the process, the biggest software maker in the world – Microsoft Corp. is in advanced negotiations over the acquisition of Mojang AB, which is the software company that created the immensely successful Minecraft game. The people, who asked not to be identified because the talks are still private, said that […]
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