January 24, 2014 7:48 am
McDonalds Corp. announced that its fourth-quarter profit was nearly flat, thanks to the fact that its global same-restaurant sales creep down and expenses of the company rose. Don Thompson, who is the Chief Executive Officer of the company, said that 2013 was “a challenging year” for McDonalds and explained that the difficulties remain. That is […]
Read moreJanuary 24, 2014 7:41 am
US stocks declined, with the Dow Jones Industrial Average tumbling to a one-month low, as China’s manufacturing contracted and investors analyzed corporate earnings. The S&P 500 index lost 16.40 points, or 0.9%, to 1828.46, and the Nasdaq Composite Index dropped 24.13 points, or 0.6%, to 4218.87. Materials and financials led declines in all 10 of […]
Read moreJanuary 23, 2014 2:33 pm
Nokia Oyj forecast diminishing profit margins for its network-equipment division, which indicate that the company is likely to sacrifice its earnings in an attempt to revive sales. At the same time, the company is trying ti rebuild itself after selling its phone unit to Microsoft Corp. Nokia Oyj announced that its network units operating profit […]
Read moreJanuary 23, 2014 12:55 pm
The largest maker of personal computers in the world – Lenovo Group Ltd announced that it has agreed to buy the low-end server business of International Business Machines Corp. for 2.3 billion dollars, while at the same time the PC industry is going through its worst decline ever. The two companies made a statement that […]
Read moreJanuary 23, 2014 12:39 pm
Johnson & Johnson announced “exceptional” growth in its pharmaceuticals business thanks to the rewards from a series of successful drug launches. Prescription medicines has proved itself to be the strongest part of the companys portfolio in recent quarters, compensating for the relatively slow growth in medical devices and consumer products. This trend became stronger in […]
Read moreJanuary 23, 2014 9:34 am
The largest subscription streaming service company – Netflix Inc. – announced a surge by 18% after it managed to project customer growth that surpassed the analysts estimates. The company also revealed that it is considering the option of charging its new users more in order to share accounts. Netflix Inc.s shares increased as high as […]
Read moreJanuary 23, 2014 8:07 am
Boeing Co. announced that it is going to add hundreds of contract employees at its plant located in South Carolina. This move is provoked by the companys need to deal with some production problems associated with the 787 Dreamliner jets line. More than 300 contract mechanics and inspectors are being hired immediately at the North […]
Read moreJanuary 23, 2014 7:32 am
Three stocks rose for every two that declined in the Standard & Poor’s 500 Index. The U.S. equity benchmark added less than 0.1% to 1,844.86 at 4 p.m. in New York. The Dow Jones Industrial Average lost 41.10 points, or 0.3%, to 16,373.34 for a second day of declines. About 6.3 billion shares changed hands […]
Read moreJanuary 22, 2014 3:37 pm
Google Inc. has confirmed its positions in the green energy business for third time in three months, with a deal to acquire all the electricity generated by four wind farms located in Sweden for a decade. The transaction seems to be similar to the one sealed between the company and Nordic wind developer O2 seven […]
Read moreJanuary 22, 2014 3:04 pm
Nokia Oyj is near to finalizing the sale of its handset unit to Microsoft Corp., which is estimated to 7.4 billion dollars. Until the end of the week, the investors of the company may find out how much of the proceeds will be theirs. The handset deal was officially announced by the two companies in […]
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