Chinese e-commerce conglomerate Alibaba Group Holding Ltd., plans a noteworthy debut of its U.S. initial public offering that may additionally set the worldwide record. Alibaba is looking for a valuation of up to $162.7 billion, bigger than 95 percent of the Standard & Poor’s 500 Index, as it enters the IPO’s last stage. At the [...]
World’s biggest online retailer, Amazon.com Inc.’s Chief Financial Officer Thomas Szkutak after serving for more than a decade, will step down in June 2015 and will be succeeded by Brian Olsavsky. “Szkutak and Olsavsky will work together to conduct a seamless transition of CFO responsibilities over the next 10 months,” Amazon said in a statement. [...]
There is no denying Amazon’s historical and present behavior has not only raised eyebrows but also created a certain imbalance in the market. Latest in the pile of claims against its “monopsony” behavior comes as Amazon has stopped accepting pre-orders of forthcoming Disney titles. Amazon has used the very same strategy; it has utilized before [...]
With excessive demands from the west – U.S., Europe as well as Southeast Asia, China’s exports boosted, leading to a record monthly trade surplus, while its imports shrunk. The surprising news was largely welcome in Beijing, since the world’s second-largest economy currently battles to recover growth rate and foreign-trade drive after witnessing a week start [...]
America’s biggest online retailer Amazon.com has been sued by the Federal Trade Commission after a recent report that the organization charged a hundred thousands of dollars in unaccredited transactions through smartphone applications. The lawsuit has been recorded in U.S. District Court in Seattle as the retailer permitted children to buy virtual products in gaming applications. [...]
In a white paper commissioned by DHL, Lisa Harrington, an innovation issue existing within businesses especially those in engineering and manufacturing industry has been thoroughly discussed. According to Lisa Harrington, President of LHarrington Group, firms in engineering and manufacturing industry are not meeting the level of innovation needed in terms of adding competitive advantage and [...]
Rarely has a contract negotiation between a retailer and a supplier made its way into the press. But for the past several months, Amazon’s decade old philosophy “Customer Satisfaction is our North Star” has been drowning to a painful and slow death in what could be called a contract negotiation/business dispute with Hachette Book Group. [...]
In one of the most bizarre patent news that comes straight from the US Patent and Trademark Office recently – Amazon has now been granted a patent for photographing people and products against a white background. Currently debates are going on whether the patent will cause any serious disruptions in the world of photography or [...]
While the shipping industry is at the heels of standards in comparison to developments in aviation industry, there have been talks about advances since last few decades. Disappointingly the scenario hasn’t changed much. Every now and then, news or statements surface hinting at a new technology to change the face of the industry some of [...]
Duke for Doug! Or the opposite? Never mind facts are that world’s largest retailer Wal-Mart, just changed top leadership, new CEO is company veteran Doug McMillon, 47. The replacement will take place on February 1and previous chief executive and President Mike Duke, 63 will remain with the company as chairman. It’s kind of a surprise that this announcement became public just few days before the start of the holiday shopping season, when Wal-Mart is expecting trouble again, or new CEO was maybe smart move.
Many of you must have experienced already how it feels like when you have to postpone all of your plans on Sundays, since many things don’t work in the same way as they do during the week. For some of you Amazon decided not to keep you wait for that package you would really needed before Monday. So starting from this week Amazon package could knock on your doors even on Sundays.
The report of the parliament’s intelligence and security committee was surely not a thing that was expected by the UK government which will certainly have to excuse its oversights regarding the Huawei-BT deal. Moreover, the report clearly underlined that there were many procedural mistakes while granting the access to British communications network to the Chinese company, including not providing ministers with necessary information about the plans.
On the 28th of February, International Airlines Group informed that it reported a net loss worth €943 million after battling through restructuring charges from its Spanish division Iberia. In addition, the company is planning to downsize its workforce by 3,800 people at its Iberia division in order to reduce costs.
On the 19th of February, Singapore and Malaysia informed that a new high-speed rail link would be build between the wealthy city-state and Kuala Lumpur. The news on the new high-speed rail link between two cities opens a new chapter in the bilateral relations. The Southeast Asian neighbors certainly will benefit from this new communication link not only on a human level, but mainly on the economic one. Economic ties between Singapore and Malaysia will be even stronger than these days. The high-speed rail link is expected to be a “game changer” for both countries.
At last, the merger of American Airlines and US Airways is said to be announced on the 14th of February. And if the day of the long-anticipated announcement may suggest that the merger has some romantic inclinations, the truth is that the transaction is clearly pragmatic. Undoubtedly, the deal will create one of the US largest carriers. But the merger of American Airlines and US Airways is also expected to be one of the last biggest transactions in a time of increased consolidation in an industry which has been recently struggling amid tough economic conditions.
On the 4th of February, Japan Airlines informed that it raised the operating profit forecast to 163 billion yen from analysts’ expectations of around 140 billion yen. Despite sluggish fourth quarter earnings, the airline the airline decided to raise forecast slightly more than 15 percent as demand for the European and American routes climbed.
Amazon.com Inc. saw an increase in the fourth quarter earnings as revenues climbed by more than 20 percent during the holiday shopping season while the profits dropped as much as 45 percent.
Ryanair witnessed strong profits in its third fiscal quarter ended December as the company enjoyed extensive pre-holiday reservations. The increase in fuel prices, however, did not seem to affect the profits of the airline.
Christmas is closer everyday… The suspense is increasing as presents are being sent out. Without a doubt the holiday season, namely the holiday shopping season, is the busiest period for shipping companies and postal services all over the world. And with Christmas only 14 days away, shipping companies and post offices are madly busy with all those holiday packages and presents.