August 12, 2014 12:21 pm
Hyunday Motor Co. apologised for overstating the fuel economy of its sport-utility vehicle Santa Fe. The company also offered to pay a settlement of up to 56 billion South Korean won ($54.41 million) in order to resolve a suit against the company, which also targeted five other auto manufacturers. In July, a group of more […]
Read moreAugust 12, 2014 11:39 am
Twitter Inc. revealed in a regulatory filing that it paid $134.1 million in May to acquire the social data provider Gnip Inc.. According to the filing, the San-Francisco based company paid $107.3 million in cash, while the rest of the price was paid in stock. The acquisition of Gnip Inc. managed to provide Twitter Inc. […]
Read moreAugust 12, 2014 9:37 am
Henkel & Co. KGaA AG posted today a 5.5% rise in net profit in the second quarter, but warned that it expects the Russian-Ukrainian conflict, combined with the political instability in the Middle East to negatively affect profit during the second half of the year. According to the companys statement, its net profit over the […]
Read moreAugust 12, 2014 9:05 am
Intel Corp. shares climbed during late and afterhours trade yesterday, after the largest chip manufacturer in the world said in a briefing that its new chip will be in mobile devices on shelves by years end holidays. The Santa Clara-based company also provided some information about its latest manufacturing technology advances, which has been delayed […]
Read moreAugust 12, 2014 7:47 am
General Motors Co., the worlds third-largest auto manufacturer by sales, revealed that its passenger-vehicle joint venture located in China was contacted by the antitrust regulator in the country. This happened while an industry investigation is being carried out against no less than seven foreign car manufacturers that were forced to reduce prices of spare parts, […]
Read moreAugust 11, 2014 3:01 pm
Shares of Priceline Group Inc., the biggest US online travel agent, gained today, as the company reported earnings over the second quarter of 2014, to log profit well above analysts expectations. According to the statement of the company its profit, excluding some items, was $12.51 per share, beating forecasts of $12.02 a share. Priceline Group […]
Read moreAugust 11, 2014 2:10 pm
Liberty Global Plc, has become one of the most eager European companies that look forward for more acquisitions, by striking takeover deals for about $40 billion since February last year, according to data from Dealogic. Some people familiar with the matter, said that the company is looking forward for making more acquisitions in the video […]
Read moreAugust 11, 2014 12:26 pm
Balfour Beatty Plc made an official statement today, announcing that it rejected a renewed merger bid from Carillion Plc. If finalized, the deal would have created the largest builder on the territory of the U.K., with a market cap of about 3 billion pounds ($5 billion). This was the second merger proposal made by Carillion, […]
Read moreAugust 11, 2014 9:53 am
The dispute between Amazon.com Inc., the biggest online retailer in the world, and Hachette Book Group is becoming fiercer than ever. Amazon.com Inc. has been blamed by Hachette that it is motivated by profits and market share at the expense of authors and bookstores. The Chief Executive Officer of Hachette Book Group – Mr. Michael […]
Read moreAugust 11, 2014 8:58 am
According to a person with knowledge of the process, Blackstone Group LP is in advanced negotiations with Royal Dutch Shell Plc over the acquisition of the latters 50% stake in a shale-gas field located in Louisiana. The unnamed source revealed that the discussed price is about $1.2 billion. The talks are still continuing, and the […]
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