April 29, 2014 1:22 pm
The second-largest television manufacturer in the world – LG Electronics Inc. announced its results for the first quarter of the current financial year in an official statement today. The company posted operating profit for the first three months of 2014 that almost doubled analysts forecasts, due to increasing demand for large-screen television sets with high-resolution […]
Read moreApril 29, 2014 12:09 pm
Comcast Corp. and Charter Communications Inc. reached an agreement, according to which the latter is to take over 3.9 million more cable-TV subscribers. The deal is supposed to help Comcast get the approval of regulatory authorities for its 45-billion-dollar acquisition of Time Warner Cable Inc., which was announced earlier this month. About 1.4 million existing […]
Read moreApril 29, 2014 9:41 am
The biggest subscription streaming service in the world – Netflix Inc. made a statement, saying that it reached an agreement with Verizon Communications Inc. over getting a more direct access to its FiOS broadband network. Currently, Netflix Inc. has mainly focused on making its video-streaming services more reliable for its customers, as well as providing […]
Read moreApril 29, 2014 8:32 am
The second-biggest oil manufacturer in the U.K. – BP Plc made an official statement today, revealing a decreasing first-year profit, due to lower production and diminishing earnings at refineries. The announcement comes at a time when the company is still working to reorganize itself after the Deepwater Horizon explosion and the following oil spill in […]
Read moreApril 29, 2014 7:38 am
The biggest smartphone manufacturer in the world – Samsung Electronics Co. made a statement, posting its net profit for the first quarter of the current financial year that managed to surpass the analysts forecasts due to increasing demand for the Galaxy series devices and amid boosted TV sales. The smartphone profit margin remained flat at […]
Read moreApril 29, 2014 6:54 am
Nokia made an official statement, announcing that Mr. Rajeev Suri will take the position of Chief Executive Officer on May 1st. This appointment is to put an end to a several-month search for a person to take the place of the former CEO Elop, who left the company after the 7.5-billion-dollar acquisition of Nokias handset […]
Read moreApril 28, 2014 2:46 pm
Ophir Energy Plc has pulled out its offer to Premier Oil Plc for merging the two companies businesses. According to people with knowledge of the process, Premier Oil has rejected two offers for acquisitions. Ophir Energy has been seeking to finalize a merger with a larger competitor in order to boost its cash flow. As […]
Read moreApril 28, 2014 11:38 am
Panasonic Corp. made an official statement today, revealing projections for its full-year profit. The company announced that its net income is expected to increase by 16% and to reach 140 billion yen (1.4 billion dollars) over the current financial year, which started April 1st. The company also added that it will continue following the strategy […]
Read moreApril 28, 2014 9:39 am
The largest pharmaceutical company in Europe – Bayer AG – made an official statement today, posting a 23% boost in its net profit for the first quarter of the current financial year, due to increased demand for its newest drugs and crop-protection products. The companys results surpassed the median analysts forecast. In its statement, the […]
Read moreApril 28, 2014 8:32 am
According to people with knowledge of the matter, who asked not to be identified because the negotiations are still private, Siemens AG offered a deal to exchange train and energy assets with Alstom SA, in an attempt to beat the General Electric Co.s bid. The people reported that according to the terms proposed by Siemens, […]
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