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General Motors Co. share price flat, ceases production at South African plant due to worker strike, recalls 27 000 Spark cars in South Korea

July 4, 2014 8:29 am
General Motors Co. was forced to halt output at its vehicle-assembly plant in South Africa following failed negotiations over wages after more than 220 000 metalworkers announced an indefinite strike. The walk-out started on July 1st, but today the Steel and Engineering Industries Federation of Southern Africa revealed in an e-mailed announcement that the National […] Read more

Anheuser-Busch InBev SA’s share price up, to acquire Pivovar Samson putting an end to the brand rights battle with Budwar

July 3, 2014 12:54 pm
The biggest beer manufacturer in the world – Anheuser-Busch InBev SA made an official statement, revealing it acquired Pivovar Samson a.s. and is also considering to expand its Budweiser brand. The acquisition of Pivovar Samson puts an end to the competition between Anheuser-Busch InBev SA that were struggling over brand rights for more than one […] Read more

Pimco Total Return Fund suffers 14 straight months of withdrawals

July 3, 2014 12:13 pm
Pimco Total Return Fund, the biggest fixed-income mutual fund in the world, suffered from investor withdrawals for the fourteenth straight month in June 2014. Assets dropped by 4.5 billion dollars, despite Pimco posting a better performance over the second fiscal quarter than many of its competitors. “Patient investors are rewarded over the long-term by sticking […] Read more

Qualcomm Inc. share price up, acquires Wilocity Ltd to accelerate production of new Wi-Fi products using WiGig technology

July 3, 2014 7:32 am
The biggest manufacturer of chips used in mobile phones in the world – Qualcomm Inc. officially announced that it acquired Wilocity Ltd. in order to accelerate the introduction of new Wi-Fi products. Qualcomm seeks to implement a high-speed wireless technology called WiGig that it hopes to become a standard feature on mobile devices. The company […] Read more

Exxon Mobil Corp.’s share price little changed, plans to invest $1 billion to increase diesel production at Antwerp refinery

July 2, 2014 2:47 pm
The largest energy company by market capitalization in the world – Exxon Mobil Corp., revealed in an official statement today, that it intends to make a 1-billion-dollar investment in order to boost the diesel production at its Antwerp refinery. According to the statement, cited by Bloomberg: “The investment addresses an industry shortfall in capability to […] Read more