November 6, 2014 8:21 am
The largest PC manufacturer by shipments in the world – Lenovo Group Ltd – said that its profit during the second financial quarter surpassed analysts forecasts as it gained a larger share in the desktop computer and smartphone markets. However, the Chinese company posted its slowest sales growth in six quarters, overtaken in the global […]
Read moreNovember 5, 2014 3:07 pm
Time Warner Inc. said that it managed to surpass analysts profit forecasts in the third quarter at a time when the company is claiming that it is better off as an independent entity and does not need a merger in order to consolidate its positions. The Chief Executive Officer of Time Warner – Mr. Jeff […]
Read moreNovember 5, 2014 2:15 pm
BHP Billiton Plc intends to export condensate from the US, which will make it the first company to ship the fuel to overseas markets without getting an express permission from federal regulatory authorities. A person with knowledge of the trade, who asked not to be named because the information is still private, reported that BHP […]
Read moreNovember 5, 2014 1:59 pm
Brent crude fell to the lowest in more than four years on Wednesday, while West Texas Intermediate hovered near the lowest in three years following the latest sign of a cooling Chinese economy. A strong dollar and expectations for a fifth straight weekly increase in US crude supplies also weighed on the market. US crude […]
Read moreNovember 5, 2014 10:39 am
Alstom SA said that its expects full-year sales to increase after a record order intake. According to the companys statement, Alstom projects its sales to increase at a “high single digit” rate while its operating profit margin is likely to exceed 5%. The companys forecast excludes the energy-equipment assets, which Alstom is currently selling to […]
Read moreNovember 5, 2014 9:10 am
The largest auto manufacturer in Japan – Toyota Motor Corp. said in an official statement that it expects a record profit for a second year in a row. The companys upbeat performance is considered to be largely based on a weaker yen which boosted the value of the Lexus luxury models and SUVs sold outside […]
Read moreNovember 4, 2014 10:07 am
Japan-based wireless carrier SoftBank Corp. cut its full-year profit projection due to increasing losses at its Sprint Corp. subsidiary in the U.S. SoftBank cut its full-year profit forecast by 10%, saying in its statement that its operating profit is expected to be about ¥900 billion ($7.9 billion) for the fiscal year ending March 2015. In […]
Read moreNovember 4, 2014 8:29 am
Apple Inc. is considering its first bond sale in euros at a time when the U.S.-based company is trying to finance another round of shareholder rewards. According to a person with knowledge of the situation, the iPhone manufacturer had a meeting with its investors on Monday, where bond issuance was discussed. The person also reported […]
Read moreNovember 3, 2014 12:50 pm
Ryanair Holdings changed its full-year profit goal for the second time in 2014, saying that it now expects annual net income to be in the range of €750 million and €770 million ($936 million to $961 million). This projection exceeded Ryanairs previous forecast by at least €100 million. Earlier in 2014 the company made a […]
Read moreNovember 3, 2014 10:19 am
Altice SA revealed in an official statement that it made a binding bid to purchase the Portuguese assets of Portugal Telecom from Oi SA. According to the companys statement, the offers enterprise value amounts to €7.025 billion ($8.8 billion) and is fully financed by new debt and existing cash from Altice. The company said in […]
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