August 19, 2014 10:21 am
BHP Billiton Plc shares dropped as the company announced a plan to divest a large portion of its assets, including silver, aluminum, manganese and coal plants and mines, as the company drives towards a simpler and more manageable portfolio. “For over a century, BHP Billiton has progressively reshaped its business to maintain its industry leadership,” […]
Read moreAugust 19, 2014 9:28 am
Sprint Corp., the fourth-largest US wireless carrier, revealed that its Chief Executive Officer, Mr. Marcelo Claure, has decided the company will offer covering expenses for customers who switch to Sprint from rival telecoms, in addition to other aggressive marketing moves, only a week after taking over the helm. Covering $350 of expenses to customers switching […]
Read moreAugust 19, 2014 8:06 am
Gold prices were little changed during early trade in Europe today, as investors eyed key US economic data, due later today. Conflicts in Ukraine and in the Middle East offered some support, though rate hike outlooks were the driver this morning. Gold futures for December settlement traded at $1 300.8 per troy ounce, up 0.12%, […]
Read moreAugust 19, 2014 7:40 am
The cloud-computing service Azure of Microsoft Corp. experienced a major global outage for about five hours yesterday. Microsoft announced in an official statement posted on its website that the service was brought back up after a failure that affected at least six of the main components in its multiple data centres. Microsoft shared on its […]
Read moreAugust 19, 2014 6:53 am
Aeropostale Inc. announced in a statement that the company is bringing Julian R. Geiger back as the new Chief Executive Officer, after Thomas Johnson, current CEO, and the board agreed to the change. Mr. Geiger, who had a successful run as the companys CEO from 1996 to early 2010, is to once again take over […]
Read moreAugust 18, 2014 2:58 pm
According to a filing with the Ministry of Finance dated today, the Japan-based wireless carrier SoftBank Corp. intends to sell bonds for the first time after it gave up the negotiations over the merger of Sprint Corp. and T-Mobile U.S. Inc. In May 2014, ¥300 billion in five-year bonds were sold by the wireless carrier […]
Read moreAugust 18, 2014 1:39 pm
Sensata Technologies Holding NV, a Netherlands-based sensor and controls maker, revealed in a statement today that it has agreed the acquisition of Schrader International Inc. from Madison Dearborn Partners LLC. The deal, estimated at $1 billion, will reinforce Sensatas positions in the pressure sensor market, and is expected to add significant earnings in the years […]
Read moreAugust 18, 2014 12:42 pm
Apache Corp. announced the discovery of crude reserves amounting to as much as 300 million barrels off the coast of Western Australia, prompting a surge for its partners shares, ahead of Wall Street trade opening later today. According to the companys statement, oil in at least four locations was found by the companys drills at […]
Read moreAugust 18, 2014 12:21 pm
Robusta futures fell on Monday after rains boosted crop development in the worlds biggest producer of the coffee variety – Vietnam. Arabica futures also fell but losses were limited as Brazil, the top producer, is expected to export more coffee compared to last year, drying out stockpiles, while it will be unable to gather extra […]
Read moreAugust 18, 2014 9:51 am
The official Xinhua News Agency reported that the luxury car unit of Daimler AG – Mercedes-Benz – has been found guilty by Chinese regulatory authorities of manipulating prices of after-sales services. The decision followed an investigation which proved that Daimler AGs Mercedes-Benz luxury vehicles division abused pricing for after-sales services and supplies of replacement parts […]
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