August 7, 2014 8:23 am
Google Inc., which owns the most widely-used Internet search engine in the world, is to take control of two start-ups in order to expand its reach in mobile and advertising services. The company is to acquire Emu, which is a smartphone-messaging application, and Directr Inc., which is a video-creation service. Recently, the company has concentrated […]
Read moreAugust 7, 2014 8:10 am
A person with knowledge of the process reported that Bank of America Corp. is approaching a record settlement of $16 billion to $17 billion with the U.S. Justice Department. The agreement is to put an end to the probes into mortgage-backed bonds sales between 2004 and 2008, which amounted to $965 billion. According to the […]
Read moreAugust 6, 2014 2:23 pm
Walgreen Co., the largest US drugstore chain, made an official statement today that it intends to acquire the 55% of Alliance Boots GmbH that it doesnt already own for $15.3 billion. The US company also explained that the takeover deal would not be used in order to move its tax address outside the country. Currently, […]
Read moreAugust 6, 2014 1:04 pm
Rupert Murdochs 21st Century Fox Inc. decided to drop its unsolicited $80 billion acquisition bid for Time Warner Inc, a deal that was considered able to reshape the media industry. 21st Century Foxs board decided instead to authorize a $6 billion repurchase of its Class A shares. Mr. Rupert Murdoch, officially announced yesterday that the […]
Read moreAugust 6, 2014 11:41 am
The biggest phone company in Italy – Telecom Italia SpA, made an official statement today, revealing that its earnings over the first six months of the current fiscal year fell by 7.6%. The company also said that its domestic revenue is still dropping, while the competition on the wireless market is intensifying. The results over […]
Read moreAugust 6, 2014 11:21 am
During yesterday’s trading session NZD/USD traded within the range of 0.8430-0.8531 and closed at 0.8440, losing 0.96% on a daily basis. At 11:16 GMT today NZD/USD was losing 0.28% for the day to trade at 0.8444. The pair touched a daily low at 0.8424 at 1:00 GMT, the weakest since June 5th. Fundamental view The […]
Read moreAugust 6, 2014 9:48 am
Apple Inc. and Samsung Electronics Co. have partially settled their patent war. The two companies have reached an agreement over the patents of smartphones and tablets in several countries worldwide. However, they are still in the middle of a court battle over allegations of copying in the U.S. Samsung has been accused by Apple to […]
Read moreAugust 6, 2014 8:39 am
Sprint Corp. has decided to put an end to the negotiations over the acquisition of T-Mobile US Inc. According to a person familiar with the matter, regulatory concerns offset the potential benefits of the eventual deal that would have combined the third- and fourth-biggest wireless carriers in the U.S. into a new entity. The regulators […]
Read moreAugust 6, 2014 7:46 am
The worlds largest auto manufacturer – Toyota Motor Corp. made an official statement yesterday, reporting that its profit jumped to a record over the last financial quarter. The upbeat results were tied to the rising SUV in the U.S., which managed to neutralize the negative impact of the decreasing demand in Japan. According to the […]
Read moreAugust 5, 2014 2:07 pm
Telefonica SA, the second-largest phone carrier in Europe, offered to buy Vivendi SA’s Brazilian Internet-provider unit GVT for 6.7 billion euros (9 billion dollars), in a move to shore up its leadership in Latin Americas largest market. The Spanish telecom giant made an official statement today, announcing that it offered Vivendi 11.96 billion reals (5.3 […]
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