August 26, 2014 11:59 am
The worlds biggest advertising agency by sales – WPP Plc said in a statement today that it has surpassed its forecast at the beginning of the year after its first-half sales exceeded analysts projections. WPP Plcs Chief Executive Officer Mr. Martin Sorrell said in a telephone interview today, which was cited by Bloomberg: “We’re strongly […]
Read moreAugust 26, 2014 9:52 am
Western Digital Corp. announced that the vice president of Amgen Inc. – Mr. Olivier Leonetti is to take over the position of Chief Financial Officer as of September 8th. Mr. Leonetti is to succeed Mr. Tim Leyden, who will retire after spending 24 years at Western Digital Corp. The companys Chief Executive Officer Mr. Steve […]
Read moreAugust 26, 2014 8:52 am
Fairchild Semiconductor International Inc., one of the oldest chip manufacturers, announced that it intends to shut down some its ageing facilities, trimming about 15% of its 9 000 workforce, as production will be outsourced. According to the companys statement, between $45 million and $55 million on a yearly basis are to be saved by closing […]
Read moreAugust 26, 2014 7:29 am
According to a person with direct knowledge of the matter, Time Warner Incs Turner Broadcasting cable TV unit intends to offer voluntary buyouts to between 500 and 600 senior employees this week as part of its cost reduction plan. The Turner Broadcasting division currently generates more than half of the companys operating income. The person […]
Read moreAugust 26, 2014 7:04 am
Yesterday’s trade saw EUR/PLN within the range of 4.1909 – 4.1752. The pair closed at 4.1842, losing 0.08% on a daily basis. At 6:56 GMT today EUR/PLN was down 0.03% for the day to trade at 4.1824. The pair held in a daily range of 4.1820 and 4.1865, touched at 6:20 GMT. Fundamental view Poland […]
Read moreAugust 26, 2014 6:53 am
Amazon.com Inc., the worlds second-largest online retailer, announced it has reached an agreement to acquire the leading online video-game broadcasting provider Twitch Interactive Inc. for $980 million. Twitch.tv is the leading video platform for gamers for both live streaming and on-demand videos (VODs), with more than 55 million monthly active users. In February 2014, The […]
Read moreAugust 26, 2014 6:36 am
Yesterday’s trade saw EUR/SEK within the range of 9.1624 – 9.1402. The pair closed at 9.1486, losing 0.10% on a daily basis. At 6:30 GMT today EUR/SEK was up 0.03% for the day to trade at 9.1542. The pair held in a daily range of 9.1457 – 9.1546, touched at 6:29 GMT. Fundamental view Sweden […]
Read moreAugust 25, 2014 2:46 pm
VMware Inc. announced plans to expand and improve its “virtualization” software, and to delve into hardware, in a move widely seen as an acknowledgment of threatening freeware competition in its lucrative business. “As a technology, it starts off like what we did for server virtualization,” said Edward Hsu, director of the product marketing division of […]
Read moreAugust 25, 2014 1:26 pm
Amazon.com Inc. plans to pose a direct challenge to Google Inc., which currently dominates the online advertising market, by developing its own ads placement software. According to people with knowledge of the matter, Amazon is to replace the ads on its pages via a new in-house placement platform. One of the analysts, who works at […]
Read moreAugust 25, 2014 12:22 pm
Apple Inc. admitted in a statement that some of its smartphones sold two years ago were issued with faulty batteries. As a result, the company is launching a replacement program of its iPhone units faulty batteries. Apple Inc. said in a note, which was cited by the Time: “Apple has determined that a very small […]
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