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Royal Philips posts profit that beats analysts’ estimates

January 28, 2014 10:13 am
Royal Philips manufactures medical systems, domestic appliances, consumer electronics and lighting, and is currently pointed as the worlds largest lightning company. It posted a profit that exceeded the analysts estimates, while its Chief Executive Officer Frans van Houten forecasts that Royal Philips is likely to make “modest steps” toward its 2016 targets this year. Mr. […] Read more

Puma SE replaces Nike Inc. as Arsenal Football Club supplier

January 28, 2014 9:30 am
Puma SE officially announced that it made a multi-year agreement with with the English Premier League team Arsenal Football Club to supply the uniforms and merchandise for the London-based club. This is part of the German sportswear groups plan to bring a new life to its brand. The deal, which is said to be the […] Read more

Honda Motor’s U.S. vehicle exports beat its Japanese imports for the first time

January 28, 2014 8:18 am
Honda Motor Co., which develops, manufactures and distributes motorcycles, automobiles, and power products such as generators and farm machinery, and which is also known as the company that makes two of the three cars with the highest production levels in North America, became a net exporter in the U.S. for the first time in 2013. […] Read more

US stocks retreat after posting week of declines

January 28, 2014 7:49 am
U.S. stocks dropped, following the worst week since 2012 for benchmark indexes, as concern over Federal Reserve plans to cut stimulus and an economic slowdown in China tempered gains in industrial shares. The Standard & Poor’s 500 Index slipped 0.5% to 1,781.56 at 4 p.m. in New York after tumbling 2.6% last week. The Dow […] Read more

Apple Inc. forecasts iPhone current quarter sales lower than estimates

January 28, 2014 7:12 am
The sales of Apple Inc.s iPhone over the holiday seasons, as well as the revenue forecasts for the current quarter fell behind the analysts estimates. This comes here to prove that the companys flagship product is losing its popularity as a main engine of the smartphone market. Apple made an official statement today and announced […] Read more

Liberty Global to acquire Ziggo in a 4.9-billion-Euro deal

January 27, 2014 3:29 pm
Liberty Global announced that it has reached an agreement with the Dutch broadband provider Ziggo to fully take it over. The deal is estimated to 4.9 billion Euro (6.7 billion dollars) and will consolidate the positions of Liberty Global as the leader in the cable industry in Europe. The two companies announced the investors of […] Read more