September 8, 2014 8:36 am
Electrolux AB revealed in a statement today that it reached an agreement with General Electric Co. over the acquisition of its home-appliances division. The deal, the companys largest takeover so far, is estimated at $3.3 billion in cash and is to add brands such as Hotpoint and GE Monogram to Electrolux portfolio. The purchase “strengthens […]
Read moreSeptember 8, 2014 8:03 am
The biggest auto manufacturer in the U.S. – General Motors Co. revealed that it plans to launch a hands-free driving Cadillac model within two years. The Chief Executive Officer of the company Ms. Mary Barra explained in a speech at the Intelligent Transport System World Congress in Detroit that the 2017 Cadillac model will feature […]
Read moreSeptember 6, 2014 9:49 am
A panel of U.S. regulators recommended that MetLife Inc. should be designated a systemic risk to the financial system. Such a decision is to subject the company – the largest life insurer by assets in the country, to tighter oversight by the Federal Reserve. “MetLife strongly disagrees” with the Financial Stability Oversight Council’s move today, […]
Read moreSeptember 5, 2014 12:31 pm
Cisco Systems Inc., the biggest networking-equipment maker in the world, revealed two new lines of servers on Thursday, as demand for the companys machines grows at a 30% annual rate. The San Jose, California-based tech giant revealed one mainstream server, the M-series, which is aimed at conventional telecoms and ISPs, and an “all-in-one” machine, the […]
Read moreSeptember 5, 2014 9:23 am
Deutsche Lufthansa AG shared that a pilot strike planned for this evening will result in cancellation of some flights from as early as 1:30 p.m. Frankfurt time and many more from 4 p.m. According to the companys statement, the strike will affect more than 200 flights in Germany and Europe and about 25 000 passengers. […]
Read moreSeptember 5, 2014 8:37 am
Only a few days before Apple Inc. is set to reveal its new iPhone 6, a report by two U.S.-based non-profit groups accuses the company in safety and environmental violations at a China-located factory run by a supplier of the company. The investigation, which was conducted in August 2014 and the allegations are a fine […]
Read moreSeptember 5, 2014 7:17 am
Apple Inc. revealed that additional steps for keeping the security of its users accounts are being planned. The company, however, again denied that carelessness is the reason why hackers managed to intrude in some celebrities accounts and steal nude photos. The Chief Executive Officer of the company – Mr. Tim Cook said in his first […]
Read moreSeptember 4, 2014 1:51 pm
Microsoft Corp. unveiled its new Lumia 830 at a conference in Berlin today. This is the first flagship smartphone of the company since Microsoft acquired Nokias handset unit in a €5.4-billion ($7.2-billion) deal in April. Microsoft shared that its new device will have a 5-inch display and a 10-megapixel camera. The price of Lumia 830 […]
Read moreSeptember 4, 2014 12:16 pm
The biggest online retailer in the world – Amazon.com Inc. revealed in an official statement that its Chief Financial Officer Mr. Thomas Szkutak is retiring in June 2015. Mr. Brian Olsavsky, currently vice president of finance for the companys global consumer business is to succeed Mr. Szkutak. Amazon said in its statement that was cited […]
Read moreSeptember 4, 2014 9:57 am
Samsung Electronics Co., the largest smartphone manufacturer in the world, stepped into the spotlight yesterday, presenting several of its new devices, ahead of a similar event of major rival Apple. The centerpiece of Samsungs event was the 5.6-inch Note Edge, whose display can curve around one side of the device. “The design is quite cool […]
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