June 7, 2013 11:00 am
Volkswagen Group made an offer to MAN SE minority shareholders to buy out their shares for 80.89 euros per share. Right now the company owns 75% of MAN SE shares and the offer aims to make VW a sole owner of the mechanical engineering company. The offer represents a 7.1% lower number to MAN SE […]
Read moreJune 7, 2013 9:14 am
Samsung Electronics, the biggest rival of Apple in tech industry, suffered $12 billion in market value today hit by analysts downgrade on its profit estimates. JP Morgan Chase specialists cut forecasts as expecting tech giant to slow sales on its flagship product – Samsung Galaxy S4. The companys shares plunged 6.2% to 1 427 000 […]
Read moreJune 7, 2013 8:16 am
Toyota Motor Corp. presented its 2014 design for the Corolla brand line. The sedan is supposed to compete with Honda Civic and Ford Focus. The Corolla automobile is defined as the most popular car nowadays. The company claims to have sold around 40 million of those making it the best selling compact car in US […]
Read moreJune 7, 2013 7:17 am
The US stock market pushed higher offsetting recent declines, triggered by the huge drop in dollar versus the yen. The volatility in stock market yesterday was caused by negative data on US initial jobless claims and strong European economic data which pushed the euro higher versus the dollar. The S&P 500 index erased previous two […]
Read moreJune 6, 2013 1:32 pm
Chrysler refused to recall more than 2.7 million older model Jeeps causing a precedent which raises numerous questions. The National Highway Traffic Safety Administration states that the gas tanks of many Grand Cherokee and Liberty Jeeps are not on the safe side. The regulator insisted a withdrawal of all 2.7 million cars to take place. […]
Read moreJune 6, 2013 12:09 pm
European stocks gained today after a six week low as the investors waited on decision of the European Central Bank for its interest rate and financial stimulus policy. The Stoxx 600 index rose by 0.29% at 12:50 PM London time. UKs FTSE 100, Germanys DAX 30 and French CAC 40 all gained 0.17%, 0.32% and […]
Read moreJune 6, 2013 11:21 am
Tuesdays ruling in favor of Samsung would strengthen companys hopes of conquering more market share. The multinational conglomerate has been trying to differentiate itself from the image of an Apples product follower. “The business impact will be very limited,” says CW Chung, an analyst at Nomura Group for The Financial Times. The limitations ruled by the […]
Read moreJune 6, 2013 8:40 am
Daimler AG would stay away from summer break at its automobile plants. The company will keep assembly lines busy especially for the renovated Mercedes Benz E-class model. The company surged 14.06% this year, outrunning BMW and Volkswagen. Martin Steinlehner, a Mercedes official said “We’re planning for another year of record sales”. BMW is also keeping the […]
Read moreJune 6, 2013 7:28 am
Google is trying to give its customers the best possible software version of Android OS. Its interesting to notice that the two best Android smartphones are running on older versions of Googles operating system. Samsung S4 and HTC One will soon be available unlocked and directly from Google without their custom user interfaces, but containing […]
Read moreJune 6, 2013 6:35 am
Wednesday at the close of US stock market Dow Jones Industrial Average declined by 1.43%, The S&P 500 index fell by 1.38% and high-tech benchmark Nasdaq Composite lost 1.27%. The reason for the plunge is pointed to be data of private sector jobs report viewed as a sign of the official unemployment report which is […]
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