Monthly Archives:  April 2014

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• Daimler First-Quarter Profit Surges on Mercedes Car Gains

  Full Story | 30th April 2014
  Daimler AG, the world’s third-largest maker of luxury vehicles, reported a 95 percent surge in first-quarter profit that beating analyst forecasts on demand for new models such as the Mercedes-Benz CLA sedan.Earnings before interest and .

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• Pfizer Confirms Proposing $98.7 Billion AstraZeneca Deal

  Full Story | 28th April 2014
  Pfizer Inc. (PFE), the biggest U.S. drugmaker, confirmed it’s interested in acquiring AstraZeneca Plc (AZN) of the U.K. for about 58.8 billion pounds ($98.7 billion).A Pfizer acquisition of the U.K.’s No. 2 pharmaceutical company would .

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• Russia’s Rating Cut to BBB- by Standard & Poor’s

  Full Story | 25th April 2014
  Russia’s sovereign rating was cut to the lowest investment level at Standard & Poor’s and may face further downgrades if growth deteriorates and the U.S. and Europe apply wider sanctions over the conflict in Ukraine.S&P .

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• Heineken’s First-Quarter Revenue Exceeds Estimates

  Full Story | 24th April 2014
  Heineken NV (HEIA), the world’s third-biggest brewer, reported first-quarter sales that beat analyst estimates, as demand for its namesake beer surged in markets including Nigeria and Brazil.Revenue gained 3.4 percent, compared with the 2.9 percent .

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• Toyota Outsells All Other Carmakers in First Quarter

  Full Story | 23rd April 2014
  Toyota Motor Corp. (7203) outsold General Motors Co. (GM) and Volkswagen AG (VOW) for a third straight quarter, helped by rising demand in Japan and China.Sales at Toyota, including its Hino Motors Ltd. (7205) and .

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• Novartis to Buy Glaxo Cancer Drugs, Sell Animal Health

  Full Story | 22nd April 2014
  Novartis AG (NOVN) agreed to buy GlaxoSmithKline Plc’s cancer-drug business for as much as $16 billion, form a consumer-health venture with Glaxo and sell its animal-health operation to Eli Lilly & Co. (LLY) for $5.4 .

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• Musk Says Tesla Will Make Cars in China in Next 3-4 Years

  Full Story | 21st April 2014
  Tesla Motors Inc. (TSLA) Chief Executive Officer Elon Musk, who’s preparing to begin deliveries of the Model S electric vehicle in China, said he expects to be making cars in the country in the next .

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• SAP Sales, Earnings Miss Estimates Amid Shift to Online

  Full Story | 17th April 2014
  SAP AG (SAP), Germany’s biggest technology company, reported sales and earnings that trailed analysts’ estimates as it spends to deliver more of its software over the Internet and currency fluctuations weigh on revenue.First-quarter sales rose .

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• LVMH Acquires First Burgundy Vineyard Clos des Lambrays

  Full Story | 15th April 2014
  LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, bought the Clos des Lambrays vineyard to expand into Burgundy, adding to its holdings in Bordeaux, Champagne and the New World.The acquisition, for .

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• Record Europe Dividends Keep $3 Trillion From Factories

  Full Story | 10th April 2014
  Given the choice between investing in their businesses or paying off shareholders, European chief executive officers are choosing the latter.Companies of the benchmark Stoxx Europe 600 Index will pay 11.54 euros a share in dividends .