April 8, 2014 1:57 pm
According to people with knowledge of the process, the car and trucks manufacturer General Motors Co. is expected to officially announce its decision to invest 450 million dollars in two new plants based in Michigan. General Motors is to take this step in order to boost its research and production of the hybrid-electric vehicles Chevrolet […]
Read moreApril 8, 2014 12:52 pm
According to a letter that was sent on Monday to the shareholders of Room 77, Google Inc., currently the largest Internet-search company, is going to license the hotel-booking software from Room 77 Inc. The deal will expand Google Inc.s reach and provide it with access to technology from Room 77, a company supported by Expedia […]
Read moreApril 8, 2014 11:34 am
Nokia made an official announcement today that its deal with Microsoft Corp. over the acquisition of its handset unit for 5.4 billion euros (7.4 billion dollars) was approved by regulators in China. The company also announced that Chinese regulators had not requested from it to change its patent practices. As reported by Reuters, Nokia said […]
Read moreApril 8, 2014 8:49 am
Takeda Pharmaceutical Co. Ltd, the largest drug manufacturer by revenue in Japan, was imposed a 6-billion dollar fine by a U.S. jury in punitive damages in a case associated with the companys diabetes drug Actos. The company was accused of hiding the cancer risks of the drug in question. The co-defendant of Takeda – Eli […]
Read moreApril 8, 2014 8:23 am
People with knowledge of the matter said that Citigroup Inc., which offers great variety of financial products and services to governments, institutions, consumers and corporations, warned its investors that it is possible that the company may fail reaching a key profitability target due to the fact that its capital plan was rejected by the Federal […]
Read moreApril 8, 2014 8:06 am
Samsung Electronics Co., currently the largest smartphone manufacturer worldwide, made an official statement revealing a drop in its quarterly operating profit estimated to 8.4 trillion won (8 billion dollars), down from 8.8 trillion won during the same period a year earlier. This is a second decline in a row when it comes to a quarterly […]
Read moreApril 7, 2014 3:03 pm
BlackRock Inc., the largest money managing company worldwide, is making reorganization in its management team, which will lead to new roles for 10 senior executives. According to people with knowledge of the boards discussions, over the last few years, Mr. Larry Fink, companys Chief Executive Officer, viewed as one of the most powerful people on […]
Read moreApril 7, 2014 2:18 pm
Mallinckrodt Plc will purchase Questcor Pharmaceutical Inc. in a deal estimated to 5.6 billion dollars, which is also expected to help Mallinckrodt to expand its reach in the pharmaceutical market by offering diversified drugs. According to a statement by Mallinckrodt on Monday, the company will pay 86.08 dollars per share. After the acquisition is finalized, […]
Read moreApril 7, 2014 1:43 pm
Alfa Laval AB made an official statement today, revealing that it reached an agreement to purchase the pump manufacturer Frank Mohn AS in a deal estimated to 13 billion Norwegian kroner (2.17 billion dollars). The company is making an attempt to strengthen its positions in the marine and offshore oil & gas markets. Alfa Laval […]
Read moreApril 7, 2014 12:40 pm
The largest cement manufacturer is to be formed by Holcim Ltd and Lafarge SA in the largest European deal in 2014. The merger is considered as beneficial to both companies, because it may provide them with the opportunity to combine some operations amid weak demand for building materials as a result of global recession. The […]
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