August 11, 2014 8:01 am
Kinder Morgan Inc. revealed in a statement that it intends to acquire all of Kinder Morgan Energy Partners LP, El Paso Pipeline Partners LP and Kinder Morgan Management LLC in a series of transactions, valued at about $44 billion as billionaire owner Mr Kinder aims to consolidate the pipeline empire and boost its growth. The […]
Read moreAugust 10, 2014 9:11 am
Shares in the United Kingdom marked a third successive session of losses on Friday, as US President Barack Obama authorized the use of force against militants in Iraq. The FTSE 100 Index lost 0.45% on a daily basis, or 30.01 points, to close at 6,567.36 in London, which has been the lowest closing level since […]
Read moreAugust 8, 2014 2:00 pm
SoftBank Corp., posted today a 68% drop in its first-quarter profit, after booking a 63 billion yen loss from its stake in Alibaba Group Holding Ltd. and as subscriber growth slowed over the period. According to the announcement made by SoftBank Corp., the companys net income over the first three months ended June declined to […]
Read moreAugust 8, 2014 12:33 pm
The head of the India-based unit of Amazon.com Inc. – Mr. Amit Agarwal shared that the $2-billion bet of the company on the relatively small e-commerce market of the country is about being ready when the market takes off. Mr. Agarwal said in an interview for the Wall Street Journal that the e-commerce market in […]
Read moreAugust 8, 2014 9:57 am
Shares of Allianz SE, Europes biggest insurer, climbed today, as the company posted Q2 results, revealing an 11% increase in profit, with higher earnings of its life and health insurance operations and lower expenses for natural disaster-related damages. According to the Allianz SEs statement, the companys profit over the second profit increased by 11%. Allanz […]
Read moreAugust 8, 2014 7:36 am
Metro AG revealed that it has decided to sell 19 of its stores located in Vietnam to the Thai distributor Berli Jucker. The company, which is based in Germany, is withdrawing from the country as part of its strategy to sharpen its focus and invest in improving its performance in other regions. Metro AG is […]
Read moreAugust 7, 2014 1:35 pm
Adidas AG, the worlds second-largest sports gear manufacturer, made an official statement that it will launch a massive marketing campaign in order to stop market share losses as decreasing golf equipment demand and an increase in production costs prompted the company to reduce its 2014 profitability forecast. Mr. Herbert Hainer, who is the Chief Executive […]
Read moreAugust 7, 2014 12:14 pm
Shares of Rio Tinto Plc, the second-biggest mining company in the world, climbed as much as 3% after the company posted H1 earnings today, to reveal its profit increased by 21%. Rio Tinto also kept its plan to reduce its capital expenditure to as little as $8 billion by 2015. According to the statement of […]
Read moreAugust 7, 2014 9:30 am
The biggest food company by sales in the world – Nestle SA revealed in an official statement today that it intends to spend 8 billion Swiss francs ($8.8 billion) in a share buyback as it posted upbeat first-half revenue growth. According to Nestle SAs statement, the companys organic revenue (excluding acquisitions, divestments and currency shifts) […]
Read moreAugust 7, 2014 8:45 am
The U.S. largest online travel agent – Priceline Group Inc. revealed that it intends to make a $500-million investment in Ctrip.com International Ltd in an attempt to expand the reach of the two companies at the Chinese market. Mr. Darren Huston, who is the Chief Executive Officer of Priceline Group Inc. commented for Bloomberg: “It’s […]
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