July 22, 2014 7:47 am
Netflix Inc. made a statement yesterday, revealing that its customer gains over the second financial quarter surpassed its own projection by reaching more than 50 million users globally. The company also announced that its earnings over the second three months of the fiscal year more than doubled, as it added 1.7 million subscribers worldwide. However, […]
Read moreJuly 22, 2014 7:20 am
Yahoo! Inc. is to acquire the analytics company Flurry Inc. in an attempt to increase its advertising revenue generated from smartphones. According to people familiar with the companys plans, who asked not to be named because the negotiations are still not public, the price of the deal exceeds 300 million dollars. The Vice President of […]
Read moreJuly 21, 2014 2:42 pm
Allergan Inc., which is known for manufacturing the wrinkle remover Botox, made an official statement today, revealing that it will eliminate 1 500 jobs and will cut another 250 vacant positions. The companys decision is provoked by the fact that Allergan Inc. is trying to avoid a hostile takeover bid from Valeant Pharmaceuticals International Inc. […]
Read moreJuly 21, 2014 1:33 pm
McDonalds Corp. wrote in a microblog statement yesterday that it decided to stop purchasing meat products from a Shanghai-located supplier due to the fact that the supplier has faced allegations for selling chicken and beef after its expiration date. The supplier, called Shanghai Husi Food Co., is currently being investigated by authorities. One of the […]
Read moreJuly 21, 2014 12:13 pm
Philips Electronics made an official statement today revealing a 24%-decline in second-quarter net profit and a 4% drop in sales at its body scanner and medical-gear division. The announcement of the company comes after it reduced its profit guidance on the sales at its health-care equipment division earlier in July. However, Philips said earnings should […]
Read moreJuly 21, 2014 9:41 am
The Chief Executive Officer of Tesco Plc – Mr. Philip Clarke – will be replaced after the company announced that its profit over the first six months of the current fiscal year are expected to trail the companys initial estimates. Tesco Plc made an official statement today, revealing that it will appoint Mr. Dave Lewis, […]
Read moreJuly 21, 2014 8:17 am
A Florida jury ordered one of the units of the second-biggest tobacco company in the U.S. – Reynolds American Inc. – to pay punitive damages that amount to 23 billion dollars to a woman for her 36-year-old husbands death caused by lung cancer. The verdict represents the latest in a series of blows that the […]
Read moreJuly 21, 2014 7:32 am
According to information published on a document filed with the U.S. federal regulators on July 18th, General Motors Co. changed the design of some ignition switches it had used in certain mid-size vehicles manufactured in 2003 and 2004 after finding out there was a problem with them. The companys official representatives, however, did not consider […]
Read moreJuly 20, 2014 10:06 am
Shares in the United Kingdom marked a slight daily advance on Friday, despite increased concerns among investors that geopolitical tension between the Russian Federation and Ukraine is gaining intensity, following the tragedy with the Malaysian aircraft over Ukraine. Ukrainian government accused pro-Russian rebels of shooting down the Malaysian Airlines flight from Amsterdam to Kuala Lumpur, […]
Read moreJuly 18, 2014 1:46 pm
General Electric Co. made an official statement today, announcing its profit over the second quarter that matched analysts expectations. The profit was boosted by increasing industrial margins, while the company is preparing for its Synchrony Financial divisions Initial Public Offering. According to General Electrics statement, the second-quarter adjusted profit from continuing operations increased by 8% […]
Read more
