February 27, 2014 12:35 pm
The largest phone company in Spain – Telefonica SA posted a profit for the fourth quarter of 2013, which exceeded analysts estimates. The company is currently trying to reduce its costs in Europe in order to deal with revenue decline. Telefonicas incomes increase was said to be due to the fact there werent large write-downs […]
Read moreFebruary 27, 2014 9:33 am
Allianz SE, which provides financial solutions, insurance services, risk consulting and public investment funds through its segments and subsidiaries, is currently considered as the largest insurer by market value in Europe. The company officially announced that it plans to boost its dividend as its income for the fourth quarter of 2013 increased by 1%, missing […]
Read moreFebruary 27, 2014 9:04 am
The largest airline in Australia – Qantas Airways Ltd said that 5,000 jobs, or about 15% of its workforce, are to be cut by 2017 after reporting serious financial losses, which are estimated to 252 million Australian dollars (226 million dollars) for the six months from July to December 2013. The company made an official […]
Read moreFebruary 26, 2014 3:18 pm
Currently the chip manufacturer STMicroelectronics NV gains about a quarter of its sales in Europe. The company announced that most customers in the region are starting to expect improvement in the economy after months of gloomy prospects. The head of STMicroelectronics NV in Europe, Africa and the Middle-East – Mr. Paul Grimme – said in […]
Read moreFebruary 26, 2014 1:26 pm
Lowes Companies Inc., which is currently the second-largest home-improvement chain in the U.S., announced that its profit in the fourth quarter increased by 6.3% as the US housing market recovery boosted renovation spending. In addition, a buy-back plan for 5 billion dollars in shares was presented by the company. Lowes Companies Inc. made an official […]
Read moreFebruary 26, 2014 12:31 pm
Permanently cheaper prices on some items will be offered by Tesco Plc, which is currently the largest retailer in the U.K. The company is trying to replace overly complex promotions in order to stabilize sales and increase its constantly declining market share. According to the researcher Kantar Worldpanel, Tescos market share has decreased to 29.2% […]
Read moreFebruary 26, 2014 10:44 am
Airbus Group NV announced that its profit increased by 21% in 2013 and forecast earnings growth in 2014 as its aircraft division is working on expanding the production of the companys best-selling single-aisle planes. Airbus Group NV made a statement today, revealing that its earnings before interest, tax and one-time items jumped to 3.6 billion […]
Read moreFebruary 26, 2014 9:18 am
The number of employees working for the information technology company International Business Machines Corp. has declined for the first time in ten years due to the fact that the company, which is currently known as the largest computer-services provider in the world, has cut its costs in order to meet its income goals. According to […]
Read moreFebruary 26, 2014 8:25 am
T-Mobile US Inc., which currently is the fourth-largest wireless carrier in the U.S., posted a net loss for a third straight quarter. The unsatisfactory result was based on the fact that subscriber gains, which are driven by the companys cheaper service plans, ended up generating higher costs for T-Mobile. T-Mobile US Inc. made an official […]
Read moreFebruary 25, 2014 2:40 pm
LinkedIn Corp. is reported to be establishing a Chinese-language website which is expected to restrict some content in order to meet the countrys censorship rules. The company is trying to expand its reach in China, where most U.S. technology companies have had controversies and disagreements with the government. The President of LinkedIn Corp. in China […]
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