Renowned Software developer, Concur Technologies, Inc. (NASDAQ:CNQR) is said to be considering a sale of the company to be conducted by an investment bank. The company is said to have gone as far as approaching SAP SE (ADR) (NYSE:SAP) and Oracle Corp. (ORCL), according to a post by Bloomerg. Re/code revealed on an ensuing post…
BP plc (ADR) (BP) Wants Gulf Spill Claims Administrator Replaced Due to Conflict of Interest
Oil giant BP plc (ADR) (NYSE:BP) has moved to a US court seeking to have Patrick Juneau who was appointed by a court to administer the Gulf Oil Spill claims replaced, citing conflict of interest. The company claims that the lawyer, who had previously represented some claimants, is approving claims in a manner that isn’t…
Tesla Motors Inc (TSLA) Targets Producing 100,000 Cars Annually, Analysts Are Bullish About That
Tesla Motors Inc (NASDAQ:TSLA) had its shares rise to around 16% against earlier expectations by the company and financial analysts. With the market looking more promising, the company is targeting the production of 100,000 units annually. However, many analysts have been bullish about that projection, with James Albertine of Stifel Nicolaus mocking the stock’s market success saying…
Ford Motor Company (F) Update: The Production of the 6th Generation 2015 Ford Mustang Officially Begins in Flat Rock
The long wait is over as the production of the iconic engineering under the pseudonym 2015 Ford Mustang finally kicks off in Flat Rock, Michigan. Dealers are already free to send in orders while individuals will have to wait till early next month. With the demand being extremely high for this engine, Ford Motor Company…
McDonald’s Corporation (MCD), Burger King Worldwide Inc (BKW) and Yum! Brands, Inc. (YUM) Might Be Affected Because Of Nationwide Protest
The Fight for 15, a movement that demands that all fast food workers should be paid no less that $15 an hour has announced a nationwide fast food workers strike. The movement’s representatives have warned that the strike, set for Thursday, will adversely affect major fast food chains, McDonald’s Corporation (NYSE:MCD), Burger King Worldwide Inc…
General Motors Company (GM) Working With Seeing Machines Limited (SEE) to Launch an Automobile Capable of Detecting Distracted Driving
A new technology that monitors eye focus and head movement for drivers is set to be unveiled by General Motors Company (NYSE:GM), the largest selling car manufacturer in the US. This technology fires a warning shot at those who like reading newspapers, chatting on their phones, or checking emails while on the road. In an…
Sprint Corporation (S) and Softbank Corp (9984) Will Distribute Sony Corp (ADR) (SNE) Xperia Z3 Smartphone In Their Stores
In an effort to cut down on costs and expand its outreach in the Apple Inc. dominated US market, Sony Corp (ADR) (NYSE:SNE) has reached out to Softbank Corp (TYO:9984) and her US associate Sprint Corporation (NYSE:S) to offer their flagship Xperia Z3 to consumers. This will be the first time Sprint Corporation (NYSE:S) is…
America Movil (AMX) Might Sell Phone Assets to AT&T Inc. (T): Bank of America Corp (BAC) Has Been Hired for The Transaction
Confidential sources indicate that America Movil SAB de CV (ADR) (NYSE:AMX), a telecommunications company owned by business magnate Carlos Slim, has contracted Bank of America Corp (NYSE:BAC) to oversee and conduct sales of its phone assets. AT&T Inc. (NYSE:T) is one of the potential buyers. Bloomerg.com revealed that the sale is part of a bigger…
The Blackstone Group L.P. (BX) Is Planning To Sell Its New York Office Tower By $2.2 Billion
The Blackstone Group L.P. (NYSE:BX) is seeking to sell its Boston Area tower at a staggering $2.2 billion. According to Bloomberg.com, Blackstone has hired Eastdil Secured LLC to oversee the marketing of the proposed sale. The building is a 42 story skyscraper, which will soon be Verizon Communications Inc. (NYSE:VZ) headquarters. The Blackstone Group L.P.…
Iliad SA (ILD) Is Making Another Move on T-Mobile US Inc (TMUS) Bid
After making a failed attempt to purchase Deutsche Telekom AG (DTE)’s T-Mobile US Inc (NYSE:TMUS) unit, Billionaire Xavier Niel’s Iliad SA (EPA:ILD) is making another move by talking with other buyout firms to improve the offer for the German company. In an article published on businessweek.com, Iliad SA (EPA:ILD) is focusing on offering better valuation…