Thursday, September 18, 2014
Sony expects its annual loss to swell to US$2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.
Richemont, number two in the luxury products world after LVMH, blamed falling sales in Asia for sluggish growth in the first part of its financial year, in a statement on Wednesday.
Endo International PLC says it is making an unsolicited offer for Auxilium Pharmaceuticals that values Auxilium at US$28.10 per share.
New-generation Apple software for powering its coveted mobile devices is set for release on Wednesday, two days ahead of the arrival of its latest iPhones.
U.S. logistics giant UPS, criticized for late deliveries of Christmas presents last year, said Tuesday it has started to hire up to 95,000 temporary workers to avoid repeating the fiasco.
Wednesday, September 17, 2014
Alibaba now plans to raise up to US$25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger.
Microsoft's decision to spend US$2.5 billion for the creator of the hit game “Minecraft” could help the Xbox maker grab attention on mobile phones, a new priority for the company.
BP Alaska, a major player in the state's oil industry, on Monday announced plans to lay off 275 employees and direct contractors early next year.
French telecom giant Orange on Monday said it was set to make a 3.4-billion-euro offer (US$4.4 billion) to acquire Spanish fixed-line operator Jazztel.
San Francisco-based ride-sharing service Sidecar on Monday announced a US$15 million funding round that included backing by British tycoon Richard Branson.