August 18, 2014 8:57 am
Google Inc.s acquisition spree continues with the purchase of software developer Jetpac Inc. as the technological giant focuses on organizing gathered information and delivering it together with ads to both PC and mobile devices users. Google Inc. has been focused on a series of acquisitions to boost its mobile and advertising capabilities. Earlier in August […]
Read moreAugust 18, 2014 7:21 am
U.S.- based asset managers Blackstone Group LP and TPG are drawing closer to acquiring British subprime mortgage lender Kensington, which is currently owned by the financial services provider Investec. The deal is considered a sign for increasing global investor interest towards the U.K. market. According to Sky News, which first reported of the deal, the […]
Read moreAugust 14, 2014 2:05 pm
The biggest retailer in the world – Wal-Mart Stores Inc. reported in an official statement today that its same-store sales were stagnant during the three months ended August 1st. The company also reduced its full-year earnings forecast due to bigger health-care expenses and additional investments made in its e-commerce business. Under the lead of Mr. […]
Read moreAugust 14, 2014 12:40 pm
The Chief Financial Officer of T-Mobile U.S. Inc. said yesterday at an investor conference in Boston that the company considers the majority stake acquisition bid of Iliad SA was too low, as it did not take into account T-Mobiles prospects of growth. T-Mobile U.S. Inc.s Chief Financial Officer Mr. Braxton Carter called the $15 billion […]
Read moreAugust 14, 2014 11:54 am
The German largest electricity producer – RWE AG posted today a 62% profit decline over the second three months of the fiscal year. The company said the downbeat results were tied to the pressure on power prices in Europe, while the demand was affected by weak economic growth and subsidized renewable energies. RWE AG revealed […]
Read moreAugust 14, 2014 9:04 am
Cisco Systems Inc., the worlds biggest networking-equipment manufacturer, is to take another round of job cuts after reporting a quarter of poor sales growth. The company revealed that it is to eliminate 6 000 jobs, which takes the total lay-offs to 18 000 over the last three years. The latest job reductions in Cisco Systems […]
Read moreAugust 14, 2014 7:53 am
The biggest online retailer in the world – Amazon.com Inc. revealed its Amazon Local Register, making its first steps in the mobile-checkout market. The company is challenging some start-ups such as Square Inc. with its Amazon Local Register – a new free smartphone and tablet application and $10 card reader that plugs into a handheld […]
Read moreAugust 14, 2014 7:42 am
Intel Corp., which is currently the biggest computer-chip manufacturer in the world, reached an agreement with Avago Technologies Ltd to acquire its Axxia networking unit for $650 million. According to a statement made by Avago Technologies Ltd, Intel will pay $650 million in cash to acquire the networking business of the company, which was reported […]
Read moreAugust 13, 2014 2:44 pm
The biggest agricultural-equipment manufacturer in the world – Deere & Co. cut its profit forecast for the fiscal year. The company also said it has decided to reduce production because record crops weigh both on grain prices and U.S. farmers spending. Mr. Samuel R. Allen, the Chairman and Chief Executive Officer of the company, said […]
Read moreAugust 12, 2014 1:43 pm
Prudential Plc, currently the UKs largest insurer by market value, posted today higher-than-expected profit over the first six months of the fiscal year. The upbeat results of the company were tied to the fact that its U.S.-based business helped offset a sales decline from individual annuities sold in the U.K. Chief Executive Tidjane Thiam said […]
Read more
