September 10, 2014 8:11 am
At its Tuesday event Apple Inc. made a new product and services announcement. The company revealed two new bigger-screen iPhones, the long-awaited Apple Watch, a mobile-payment system and health applications that all work together forming the largest new line-up unveiled under the lead of the Chief Executive Officer Mr. Tim Cook. Apple revealed its long-awaited […]
Read moreSeptember 9, 2014 1:47 pm
The biggest restaurant chain in the world – McDonalds Corp. revealed that its sales at stores open at least 13 months fell by 3.7% in August, as the decline in the companys home market continued for the fourth consecutive month. Analysts had expected a 3.1% sales decline. The company also said same-store sales in the […]
Read moreSeptember 9, 2014 12:59 pm
The Chief Executive Officer of ABB Ltd Ulrich Spiesshofer officially announced an unexpected $4-billion-share buyback in a push to restore investor confidence in the worlds biggest power-grid manufacturer. The move comes as a sweetener to investors after its stock underperformed some of its rivals, including Siemens AG over the past year. As Mr. Spiesshofer explained […]
Read moreSeptember 9, 2014 10:12 am
General Mills Inc. revealed in a statement that it has agreed to acquire Annies Inc. in a deal estimated to about $820 million. The acquisition, which is expected to be finalized by the end of 2014, will further expand General Mills range of natural and organic foods that includes the Cascadian Farm and Food Should […]
Read moreSeptember 9, 2014 8:52 am
The antitrust authorities of the European Union are seeking “to extract” concessions from Google Inc. after they were planning to settle a four-year antitrust probe over the U.S.-based companys search practices in Europe. This once again opens the possibility that Google may be subject to fines amounting to up to $6 billion. “Some complainants have […]
Read moreSeptember 9, 2014 7:31 am
The biggest home-improvement chain – Home Depot Inc. made an official statement and confirmed a computer system breach at nearly 2 200 of its stores located in the U.S. and Canada. According to the companys statement, there is no proof that debit-card PINs have been compromised at the time of the breach. The number of […]
Read moreSeptember 9, 2014 6:45 am
The market capitalization of Facebook Inc. surpassed $200 billion on Monday, which puts the U.S.-based company in the ranks of the worlds largest corporations. According to data compiled by Bloomberg, the shares of the company increased by 0.82% and reached $77.89 at yesterdays close in New York, which valued the company at $201.2 billion. This […]
Read moreSeptember 8, 2014 1:39 pm
Facebook, which is already a huge distributor of Internet video content, has just revealed that it delivers 1 billion video views on a daily basis. The U.S.-based company continues to consider new ways by which to become more attractive for video-content publishers. According to the companys statement, video views climbed by about 50% in the […]
Read moreSeptember 8, 2014 12:40 pm
FMC Corp. revealed in a statement today that it reached an agreement to acquire the Danish fungicide-ingredient manufacturer Cheminova in a deal estimated to $1.8 billion. According to FMCs statement, the acquisition will be financed through a mixture of debt and existing cash. The deal is expected to be finalized in early 2015. Cheminova is […]
Read moreSeptember 8, 2014 9:59 am
The largest auto manufacturer in Europe – Volkswagen AG said that it will halt production at its plant situated in Kaluga, Russia for a period of 10 days due to the countrys weakening economy. According to the companys statement, the falling Russian rouble and declining real wages are some of the reasons why the Kaluga […]
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