July 9, 2014 9:34 am
According to a person close to the process of negotiations, Citigroup Inc., which is currently the third-largest bank by assets in the U.S., may be near an agreement with federal prosecutors. The latter may be signed as early as next week and is expected to close a mortgage-backed bonds sales probe. As reported by the […]
Read moreJuly 9, 2014 8:29 am
AbbVie Inc. made an official statement on Tuesday, saying that it made a fourth bid to acquire Shire Plc. The drug manufacturer revealed that it has decided to increase the price to about 30.1 billion pounds (51.5 billion dollars). The new offer values the shares of Shire at 51.15 pounds apiece, which is 11% higher […]
Read moreJuly 9, 2014 7:46 am
Amazon.com Inc. is to offer authors, who are involved in the companys dispute with Hachette Book Group all of the proceeds gained from any digital books sale. This step is considered a strategy of the company to circumvent the publisher and refer directly to the authors. The Web retailing giant sent a letter to writers, […]
Read moreJuly 9, 2014 6:20 am
During yesterday’s trading session NZD/CAD traded within the range of 0.9345-0.9406 and closed at 0.9384. At 6:13 GMT today NZD/CAD was adding 0.13% for the day to trade at 0.9398. The pair touched a daily high at 0.9404 at 6:00 GMT. Fundamental view Annualized number of housing starts in Canada probably declined to 190 000 […]
Read moreJuly 8, 2014 1:45 pm
Bayerische Motoren Werke AG made an official statement on Tuesday, revealing that it managed to sell more cars than ever before in the first half of the year, mainly because of strong demand in China. BMW Group sold 1.02 million vehicles under the brands BMW, Mini and Rolls-Royce globally, which is 6.9% more than in […]
Read moreJuly 8, 2014 12:00 pm
The biggest airline in Europe – Air France KLM SA reduced its full-year earnings projection due to overcapacity on North American and Asian routes combined with poor shipment demand. The company said in its statement, which was cited by Bloomberg: “While not representing a turning point in market trends, the June traffic figures published today […]
Read moreJuly 8, 2014 9:49 am
The biggest clothing retailer in the U.K. – Marks & Spencer Group Plc made an official statement today, saying that its apparel sales continued their decline over the first fiscal quarter as customers needed to adapt to the new design of the companys website. The company also explained that it finds the market conditions are […]
Read moreJuly 8, 2014 8:29 am
Delta Air Lines Inc. decided to reduce the number of flights between the U.S. and Venezuela due to some difficulties related to repatriating revenue. The company made an official statement, revealing that it intends to reduce 85% of its flights to Venezuela starting August 1st. One of the spokeswomen of Delta Air Lines Inc. – […]
Read moreJuly 8, 2014 8:12 am
The online-storage start-up Box Inc. revealed in a regulatory filing with the U.S. Securities and Exchange Commission that it almost doubled its revenue over its most recent financial quarter. The company also managed to raise 150 million dollars from the private-equity firm TPG Capital and the hedge fund Coatue Management LLC in order to become […]
Read moreJuly 8, 2014 7:38 am
Samsung Electronics Co., the largest mobile phone manufacturer, reported disappointing second-quarter earnings on Tuesday. A stable Korean won and fierce competition from ever higher-quality Chinese devices are said to have impacted sales the most. The company revealed that its operating profit declined by about 24% on an annual basis and reached 7.2 trillion won ($7.1 […]
Read more
