July 16, 2014 1:16 pm
The largest money manager in the world – BlackRock Inc. made an official statement today, revealing that its profit over the second fiscal quarter increased by 11% as investors added more money into its funds, boosting the companys assets. Before the official announcement of the quarterly results, one of the analysts, who works at Gabelli […]
Read moreJuly 16, 2014 12:58 pm
Boeing Co. managed to steal spotlight at the Farnborough show, with Qatar Airways expressing commitment to double their order of 50 units of the new 777-9X aircraft. Mr. Akbar Al Baker, who is the current Chief Executive Officer of Qatar Airways revealed at the Farnborough International Air Show that the deal between the companies for […]
Read moreJuly 16, 2014 12:00 pm
ASML Holding NV, which is currently the biggest semiconductor-equipment supplier on the territory of Europe, forecast full-year sales that trailed analysts estimates, as the company postponed the deliveries of its newest product. ASML Holding NV made an official statement today, predicting that its full-year revenue will reach about 5.6 billion euros (7.6 billion dollars), trailing […]
Read moreJuly 16, 2014 9:56 am
Yahoo! Inc. has reached an agreement with its part-owned Chinese e-commerce group Alibaba, for the latter to offer fewer shares in its IPO, allowing Yahoo to keep a larger stake. The Chinese e-commerce giant had planned on selling 208 million shares, but has agreed to a 140 million target, Ken Goldman, Yahoo’s chief financial officer, […]
Read moreJuly 16, 2014 8:34 am
Apple Inc. is to put rivalry with International Business Machines Corp. behind its back as Apple seeks to expand the reach of its iPhone and iPad devices deeply in the business world making them available for more customers. Apple Inc. and International Business Machines Corp. announced yesterday that they will sign a deal to create […]
Read moreJuly 16, 2014 7:50 am
The worlds largest semiconductors manufacturer – Intel Corp. projected third-quarter sales that surpassed the initial analysts forecasts. The optimistic outlook fuels optimism that the companys sales will start to recover after a two-year slump. One of the analysts, who work at S&P Capital IQ – Mr. Angelo Zino commented the companys forecast for Bloomberg, saying: […]
Read moreJuly 15, 2014 1:35 pm
Google Inc. is going to work in collaboration with the Swiss drug manufacturer Novartis AG to develop smart contact lenses that are to feature embedded electronics to correct vision and monitor health by tracking blood sugar levels for example. Mr. Joe Jimenez, who is the Chief Executive Officer of Novartis AG, commented on the decision […]
Read moreJuly 15, 2014 12:27 pm
Volkswagen AG, which is the worlds second-largest auto maker, made an announcement at a news conference and revealed that it intends to build a mid-sized sport-utility vehicle in 2016. The company is currently trying to bring a new life to its sales on the territory of the U.S. The importance of the U.S. market to […]
Read moreJuly 15, 2014 9:43 am
Teva Pharmaceutical Industries Ltd rejected the rumours of having chosen a new Chairman. This happened after the activist investor Benny Landa said that the Vice Chairman Mr. Amir Elstein was chosen as a replacement to the departing Chairman Mr. Phillip Frost. Benny Landa wrote on his blog in a post dated July 13, that was […]
Read moreJuly 15, 2014 8:46 am
The only investment bank that is publicly traded in Brazil – Grupo BTG Pactual was announced to have reached an agreement with Assicurazioni Generali SpA to acquire its Swiss private-banking unit in a deal estimated to 1.5 billion Swiss francs (almost 1.7 billion dollars). Mr. Andre Esteves, who is the current Chief Executive Officer of […]
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