Ikea has put its profits out of the open for the first time in an attempt to distance itself from the “highly secretive” reputation it gained.
The largest furniture retailer in the world announced that the company’s 2009 net profit went up by 11.3 per cent to €2.5bn ($3.4bn) compared with the 2008 financial year.
For the [...]
TechCrunch has announced that it has agreed with AOL’s acquisition offer. The deal was immediately closed after negotiations rumors leaked.
At TechCrunch’s Disrupt conference, its founder Michael Arrington revealed that the company did not have a choice but to rush through the announcement. Arrington later then shared the stage with AOL CEO Tim Armstrong and jokingly [...]
Starbucks drinks announced Wednesday that it will impose price hikes on its laborious and upgraded beverages due to green arabica coffee beans’ increasing prices.
The coffee giant claimed that green coffee is almost at its all-time high price in thirteen years, a claim supported by CNNMoney’s report that coffee prices soared by over 40 percent starting [...]
John Lewis pre-tax profits went up by 28%, driven by the retailer’s strong growth in its Waitrose supermarket and operations online.
John Lewis earned £110.5m profits on sales which jumped 12.4% to £3.8bn in the six months to July 31.
Grocery sales online rose by 54 per cent while sales at johnlewis.com posted a 36 per cent [...]
YouTube’s new live streaming video platform, a project emphasizes the video-sharing’s ambitions in the broadcasting field, has been put to a two-day test this week.
The new live streaming platform kicked off with videos from YouTube’s four content partners namely Next New Networks, Howcast, Young Hollywood and Rocketboom.
According to YouTube product manager Joshua Siegel and product [...]
Nokia’s stock went up Friday after the Finland-based mobile phone manufacturer announced that a Microsoft Corp. executive will be replacing their current chief executive.
Nokia’s board of directors revealed that it hired Stephen Elop as the company’s president and CEO starting September 21. Elop is currently working as Microsoft’s business division head.
The news, which impressed investors, [...]
Toys ‘R’ Us announced Thursday that it is planning to launch around 600 temporary stores nationwide for the holiday season and hire about 10,000 workers.
In a press released, the company said it started launching Toys “R” Us Express outlets in June. About 300 of the “pop-up” outlets are already operating in malls and shopping centers [...]
Barclays PLC, which is based in Britain, announced on Tuesday that executive Robert E. Diamond Jr. will take the position of John Varley as the global banking company’s chief executive officer next year.
Robert E. Diamond Jr. was born in America and is currently acting as Barclays’ president and head of Corporate and Investment Banking and [...]
Google is negotiating with Hollywood’s leading movie studios to launch a pay-per-view video service worldwide on YouTube before the year ends.
The project will stand against Apple’s plan to be the leader in digital distribution of film and television programming.
Google will take advantage of its search technology and YouTube to drag viewers to the ground-breaking service, [...]
Asahi Breweries announced that it has signed a deal acquiring Australia’s third-biggest soft drink maker in terms of sales volume, P&N Beverages.
The agreement, worth around $321 million, was part of the company’s “major offensive” in the growing market.
The Japanese beer and soft drinks maker aims to integrate P&N Beverages and Schweppes, which Asahi bought for [...]
