July 11, 2014 8:31 am
The worlds top two container-shipping carriers – AP Moeller Maersk A/S and MSC Mediterranean Shipping Co. revealed yesterday that they have reached an agreement to share vessels on some of the busiest trade routes in the world. The step of the two companies comes after a proposal for a three-way alliance was banned by the […]
Read moreJuly 11, 2014 7:41 am
Amazon.com Inc. sought permission from US aviation regulatory authorities to expand the testing of its drones outside the companys research laboratory in a letter published on a government website. According to the web retailers statement, it has set a goal of delivering packages weighing less than 5 pounds (2.3 kilograms) with automated aircraft that will […]
Read moreJuly 10, 2014 12:34 pm
The biggest UK luxury-goods manufacturer – Burberry Group Plc made a statement today, posting its revenue over the first fiscal quarter, that surpassed the median analysts forecast due to successful digital marketing initiatives, which increased the companys sales. The Chief Executive Officer of the company – Mr. Christopher Bailey, who is also Burberrys creative head […]
Read moreJuly 10, 2014 11:57 am
Samsung Electronics Co., the biggest smartphone manufacturer in the world, made an official e-mailed statement today, saying that it is to investigate accusations of child labor at one of its suppliers. A New York-based labor protection group, China Labor Watch, had said gross violations of Samsungs ethics code were conducted, only days after the company […]
Read moreJuly 10, 2014 8:14 am
International Business Machines Corp. made an official statement, revealing that it intends to invest 3 billion dollars on semiconductor research and development over the next five years, despite the company is considering selling its chip-manufacturing unit. According to IBMs statement, two programs for smaller and more powerful chips development and manufacturing will be funded. The […]
Read moreJuly 10, 2014 7:49 am
Ford Motor Co. said in an official statement that it keeps its positive projection for its performance in Europe by 2015, with improving results this year. The company has focused on putting an end to its losses on the territory of Europe and the fact is that it reported auto sales for the first half […]
Read moreJuly 10, 2014 7:35 am
Philips Electronics made an official statement, announcing that the Chief of its health-care unit Ms. Deborah DiSanzo has stepped down after spending two years as head of the medicine dispenser and scanner division. The decision of Ms. DiSanzo to depart from Philips came after the healthcare division of the Dutch company posted “disappointing” results over […]
Read moreJuly 10, 2014 6:16 am
During yesterday’s trading session EUR/SEK traded within the range of 9.2427-9.3035 and closed at 9.2668. At 6:10 GMT today EUR/SEK was adding 0.04% for the day to trade at 9.2664. The pair touched a daily high at 9.2686 at 5:50 GMT. Fundamental view Sweden’s annualized index of consumer prices (CPI) was probably flat in June, […]
Read moreJuly 9, 2014 1:17 pm
The U.S.-based aluminium manufacturer Alcoa Inc. made an official statement revealing that its profit over the second fiscal quarter was better than expected due to the stability of the companys traditional aluminium smelting business. According to the statement of Alcoa Inc., the second-quarter profit excluding restructuring costs and other one-time items amounted to 18 cents […]
Read moreJuly 9, 2014 11:48 am
As reported by a person familiar with the process, Adidas AG offered more than 60 million pounds (103 million dollars) on an yearly basis to Manchester United in return to the rights to supply the U.K. teams sportswear, stealing the deal right under the nose of its major rival Nike Inc. Nike Inc. and Manchester […]
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