Articles by: Elmira Miteva
Elmira is engaged with monitoring and presenting the latest news, reports and fundamental indicators regarding the largest and most renowned corporate structures worldwide.

Amazon.com Inc share price down, to open a store on Alibaba’s Tmall

March 8, 2015 10:15 am
Amazon.com Inc share price down, to open a store on Alibaba’s Tmall

US-based online retailer Amazon.com Inc. has been trying for a decade to expand in China and tap the Asian country’s booming e-commerce. Now the company has embarked on a new strategy to open a store in the marketplace of its local rival Alibaba Group Holding, while it also maintains its […]

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Volkswagen AG share price up, to reveal plans of Mexican plant expansion

March 7, 2015 10:52 am
Volkswagen AG share price up, to reveal plans of Mexican plant expansion

According to a person with knowledge of the matter, Volkswagen AG is expected to announce next week a $1-billion expansion of its Mexican Puebla plant to build a new version of its Tiguan SUV for the US Market. The investment is considered part of the German automaker’s strategy to revive […]

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Citigroup Inc. share price down, sells OneMain to Springleaf in a $4.25-billion deal

March 4, 2015 3:34 pm
Citigroup Inc. share price down, sells OneMain to Springleaf in a $4.25-billion deal

Citigroup Inc. reached an agreement to sell its OneMain financial arm to Springleaf Holdings Inc. in a $4.25-billion cash deal, creating the largest US subprime lender. The transaction is expected to be finalized in the third quarter of the fiscal year and is subject to approval by US regulatory authorities. […]

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BASF SE share price down, Q4 profit tops projections

March 1, 2015 1:06 pm
BASF SE share price down, Q4 profit tops projections

The world’s biggest chemical manufacturer – BASF SE – reported on Friday that fourth-quarter profit beat analysts’ projections, driven by strong performance in the chemicals division and lower oil prices. According to the company’s statement, earnings before interest, tax and one-time items rose by 2.8% to €1.46 billion ($1.64 million), […]

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Lloyds Banking Group Plc share price up, announces dividend after swinging back to annual profit

February 28, 2015 9:53 am
Lloyds Banking Group Plc share price up, announces dividend after swinging back to annual profit

The biggest mortgage lender in the U.K.- Lloyds Banking Group Plc – announced on Friday that it will resume dividend payments after reporting the first full-year profit since its 2008 government bailout. According to the company’s statement, net profit amounted to £1.5 billion ($2.3 billion) in 2014, compared to a […]

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Deere & Co share price up, trims annual profit outlook on slowing farm equipment sales

February 22, 2015 8:06 am
Deere & Co share price up, trims annual profit outlook on slowing farm equipment sales

The world’s biggest farm equipment manufacturer – Deere & Co. – cut its full-year profit projection for FY2015 due to lower farmer spending on high-horsepower equipment. The U.S.-based company said net income is expected to amount to about $1.8 billion for the financial year ending October 2015, revising down its […]

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Danone SA share price up, projects difficult 2015

February 21, 2015 10:16 am
Danone SA share price up, projects difficult 2015

Danone SA warned on Friday that another tough year lies ahead and projected no gain in sales growth after in 2014 its fresh-dairy division reported the smallest increase in revenue in more than ten years. According to Danone’s statement, the company’s sales are expected to increase in the range from […]

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ThyssenKrupp AG share price down, records Q1 net profit on lower costs

February 15, 2015 11:24 am
ThyssenKrupp AG share price down, records Q1 net profit on lower costs

The biggest steel manufacturer in Germany – ThyssenKrupp AG reported a small profit for the first three months of the fiscal year and reaffirmed its 2015 guidance. According to ThyssenKrupp’s statement, net income over the quarter ended on December 31st amounted to €50 million, or 9 cents per share. In […]

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AIG Inc. share price up, to cut annual costs by at least 3% through 2017

February 14, 2015 7:57 am
AIG Inc. share price up, to cut annual costs by at least 3% through 2017

The biggest commercial insurer in the U.S. and Canada – American International Group Inc. – announced plans to reduce its annual general operating expenses by 3% to 5% through 2017 after declining by 4.8% to $8.72 billion in 2014. The Chief Executive Officer of the company, who took over the […]

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Harris Corp. share price up, to acquire Exelis Inc. in a $4.75-billion deal

February 8, 2015 8:57 am
Harris Corp. share price up, to acquire Exelis Inc. in a $4.75-billion deal

Harris Corp. announced that it reached an agreement to acquire Exelis Inc. in a deal estimated at $4.75 billion, creating the 11th biggest Federal contractor as the Pentagon’s budget stabilizes. The Chief Executive Officer of Harris – Mr. William Brown said a statement: “The combination of the two companies’ highly […]

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