February 13, 2014 7:20 am
Lenovo Group Ltd posted a 29% growth in profit today. The company also announced that it forecasts to end losses at Motorola Mobility unit within a few quarters of completing a deal as it re-establishes the smartphone brand on the Chinese market. Lenovo Group Ltd made an official statement today, saying the net income of […]
Read moreFebruary 12, 2014 3:17 pm
Deere & Co. announced that it expects a fiscal 2014 profit that beats analysts estimates as the company forecast higher construction and forestry equipment sales, which were also said to help it compensate for some part its revenue decline in agriculture, currently its largest market. Deere & Co. made an official statement today, saying its […]
Read moreFebruary 12, 2014 2:13 pm
Total SA, which is considered as the third-largest oil producer in Europe, announced that its profit in the fourth quarter decreased by 19% as refining margins in the region declined and the companys output dropped. The refiner also said it has raised its dividend. Total SA made an official statement today, revealing that its profit […]
Read moreFebruary 12, 2014 1:19 pm
SoftBank Corp., a telecommunication services provider, which also operates ADSL and fiber optic high-speed Internet connection, e-Commerce businesses and Internet based advertising and auction businesses, announced that its third-quarter profit topped analysts estimates as the release of Apple Inc.s new iPhone series contributed to the addition of 2.3 million new subscribers. SoftBank Corp. revealed in […]
Read moreFebruary 12, 2014 10:27 am
The largest car manufacturer in the world – Toyota Motor Corp. announced that it will recall more than half of the Prius vehicles ever sold in order to fix a software error, which may be responsible for slowing down or stopping the car. Toyota Motor Corp. has been considered as the leader in the global […]
Read moreFebruary 12, 2014 9:24 am
Indias government is considering dismissing the conciliation talks with U.K.-based Vodafone Group Plc over a tax dispute estimated to 2.2 billion dollars. The tax dispute is considered to have corrupted the countrys attractiveness as a destination for foreign investment. According to the words of D.S. Malik, who is a spokesman of the Finance Ministry, a […]
Read moreFebruary 12, 2014 8:39 am
Danone, which currently is the largest yoghurt maker in the world, announced that it reached an agreement with China Mengniu Dairy Co. to pay 486 million Euro (663 million dollars) in order to more than double its stake in the company. The nations increasing demand for dairy products is considered the main reason for this […]
Read moreFebruary 11, 2014 3:12 pm
The second-largest bank by assets in the U.K – Barclays Plc increased the amount it pays out in bonuses by 10% even considering the fact that the division posted a loss in the fourth quarter. Barclays Plc made an official statement today, announcing that the unit posted a pretax loss estimated to 329 million pounds […]
Read moreFebruary 11, 2014 1:32 pm
LOreal SA, which is currently the largest cosmetics maker in the world, made an official statement announcing that it has reached an agreement with Nestle SA to buy back 8% of its stock. The deal is estimated to 6 billion Euro (8.2 billion dollars) and is the first shares sale by Nestle after 40 years […]
Read moreFebruary 11, 2014 12:27 pm
Mercedes-Benz said that its vehicle sales posted a faster growth in January 2014 than the ones of its most serious competitors – Bayerische Motoren Werke AG and Audi AG. This considerably helped the German carmaker to narrow the gap in deliveries with its two biggest rivals Daimler AGs Mercedes is currently the third-biggest luxury vehicles […]
Read more
