July 18, 2014 12:42 pm
AbbVie Inc. announced that it reached an agreement over the acquisition of Shire Plc in a cash-and-stock deal valued at about 32 billion pounds (54.8 billion dollars). This is how AbbVie became the latest U.S.-based health-care company that has preferred to move its tax residence outside the U.S. The two companies made a joint statement […]
Read moreJuly 18, 2014 12:25 pm
Hermes International SCA posted second-quarter results, revealing a slowdown in growth, though logging a sizable growth nonetheless. The companys key market in Japan saw a serious contraction with a weaker yen weighing on earnings. Hermes International SCA announced that its revenue over the second quarter increased by 5.8% from €910 million in the same period […]
Read moreJuly 18, 2014 9:37 am
Microsoft Corp. announced that it intends to cut as many as 18 000 job positions, in what is considered the largest round of cuts in its history. The job cuts come at a moment when the Chief Executive Officer of Microsoft – Mr. Satya Nadella is putting his efforts into incorporating Nokias handset unit and […]
Read moreJuly 18, 2014 9:07 am
International Business Machines Corp. posted a drop in revenues for the ninth consecutive quarter yesterday, though adding a massive chunk to profits. Long-term outlook was confirmed as positive, with growing focus on the companys cloud computing services. According to the report, the companys revenue over the second three months of the current fiscal year declined […]
Read moreJuly 18, 2014 7:43 am
Google Inc. made an official statement yesterday, posting its sales over the second financial quarter that topped analysts forecasts as the tech giant managed to sell more advertising over the period. The Chief Investment Officer of Centre Asset Management, which is one of the shareholders of Google – Mr. James Abate commented on the companys […]
Read moreJuly 17, 2014 12:51 pm
The biggest manufacturer of business-management software – SAP SE made an official statement today, revealing that its revenue over the second financial quarter rose thanks to online applications. The operating profit of the company also increased. The Chief Executive Officer of SAP – Mr. McDermott said in an interview for Bloomberg TV: “We’ve never seen […]
Read moreJuly 17, 2014 11:48 am
The biggest drug manufacturer by revenue in the world – Novartis AG, posted second-quarter figures today, logging revenues and profit in line with more pessimistic forecasts. According to Novartis AGs statement, the companys profit, excluding some items, rose by 3% to reach $3.28 billion, or $1.34 per share, falling short of expected $1.37 per share. […]
Read moreJuly 17, 2014 8:50 am
EBay Inc., which is currently the largest online marketplace, made an official statement yesterday, posting its second-quarter results. The company also presented its third-quarter sales projection that fell short of initial analysts estimates as it is trying to lure more customers after a data breach it went through and some changes implemented in the search […]
Read moreJuly 17, 2014 8:03 am
According to people with knowledge of the matter, General Electric Co. is once again starting to pursue the sale of its home appliance unit that pushed the company into household business and is responsible for producing many of everyday lifes modern conveniences such as air conditioners, refrigerators and washing machines. The people familiar with the […]
Read moreJuly 17, 2014 7:58 am
Ford Motor Co., the second-biggest automobile manufacturer in the U.S., made an e-mailed statement, revealing that it is to introduce 25 new models in Africa and the Middle East by 2016. The company forecast that the driving age population in these regions will increase by 31% to 1.7 billion people by 2023, adding that the […]
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