Corporations

BlackBerry CEO: I am very disappointed

BlackBerry CEO Thorsten Heins had declared his disappointment as to last quarter's results. BlackBerry CEO Thorsten Heins intimated he was 'very disappointed' with the results from the last quarter as the sales of the company's smartphones plunged, most especially in the Americas.


Analysts, industry execs weigh in on Fairfax Blackberry offer

Analysts and industry executives gave their take on the USD 4.7 billion buyout offer for BlackBerry on Reuters Instant View.

Massimo Dutti allowed entry into Indian market

High end brand Massimo Dutti was given permission by the Foreign Investment Promotion Board to set up shop in India.

Citigroup's legal fees stand to be highest on record

Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.


Latest News

A doctor has confirmed that the iOS 7 could make some users feel nauseous. A doctor confirmed that the iOS 7 that powers Apple's iPhones and iPads could make people carsick.
Alfa, the Mexican conglomerate, had laid out plans to conduct an IPO of its food subsidiary Sigma Alimentos.
America Movil is biding its time in making a formal offer for KPN. America Movil SAB recently said it won't be making a formal offer until early October as it needs more time to negotiate with the management of Royal KPN NV.
General Motors newly issued unsecured bonds were offered to the market and was lauded as preparatory for the return to investment grade status.
Greencoat, fresh from its IPO, purchases two wind farm projects from BayWa at a total cost of GBP70 million.
OCC would register in Europe in order help companies seeking to trade in equity derivatives based in Europe.
Sino Ocean Land Holdings sold off new shares to China Life Insurance Co and the Nan Fung Group. One of the largest real estate developers in China, had said it would be raising USD808 million through the sale of new shares.
The conflict between heads in Intesa Sanpaolo may come to a head next week as Supervisory Board Chair Giovanni Bazoli meets with CEO Enrico Cucchiani.
An IPO or share sale by end of 2014 would be preferred mode of exit, according to TUI AG CEO. One of the shareholders in Hapag-Lloyd AG, TUI AG, has laid out plans to exit from its stake in Germany's biggest container shipping company.
According to a VW spokesperon, the trading volume at the London Stock Exchange was too low as against the administrative costs required.
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