February 28, 2015 9:53 am
The biggest mortgage lender in the U.K.- Lloyds Banking Group Plc – announced on Friday that it will resume dividend payments after reporting the first full-year profit since its 2008 government bailout. According to the companys statement, net profit amounted to £1.5 billion ($2.3 billion) in 2014, compared to a loss of £838 million a […]
Read moreFebruary 22, 2015 8:06 am
The worlds biggest farm equipment manufacturer – Deere & Co. – cut its full-year profit projection for FY2015 due to lower farmer spending on high-horsepower equipment. The U.S.-based company said net income is expected to amount to about $1.8 billion for the financial year ending October 2015, revising down its previous forecast of $1.9 billion. […]
Read moreFebruary 21, 2015 10:16 am
Danone SA warned on Friday that another tough year lies ahead and projected no gain in sales growth after in 2014 its fresh-dairy division reported the smallest increase in revenue in more than ten years. According to Danones statement, the companys sales are expected to increase in the range from 4% to 5% on a […]
Read moreFebruary 15, 2015 11:24 am
The biggest steel manufacturer in Germany – ThyssenKrupp AG reported a small profit for the first three months of the fiscal year and reaffirmed its 2015 guidance. According to ThyssenKrupps statement, net income over the quarter ended on December 31st amounted to €50 million, or 9 cents per share. In comparison, it posted a net […]
Read moreFebruary 14, 2015 7:57 am
The biggest commercial insurer in the U.S. and Canada – American International Group Inc. – announced plans to reduce its annual general operating expenses by 3% to 5% through 2017 after declining by 4.8% to $8.72 billion in 2014. The Chief Executive Officer of the company, who took over the position last year – Mr. […]
Read moreFebruary 8, 2015 8:57 am
Harris Corp. announced that it reached an agreement to acquire Exelis Inc. in a deal estimated at $4.75 billion, creating the 11th biggest Federal contractor as the Pentagons budget stabilizes. The Chief Executive Officer of Harris – Mr. William Brown said a statement: “The combination of the two companies’ highly complementary core franchises creates a […]
Read moreFebruary 7, 2015 11:36 am
Siemens AG, Europes largest engineering company, announced that it intends to cut around 7 800 jobs, representing about 2% of its global workforce. The layoffs come as a finishing touch to Siemens CEO Mr. Joe Kaesers restructuring program aimed at streamlining operations to cut expenses and boost profitability. According to the company’s statement, about 3 300 of […]
Read moreFebruary 1, 2015 7:07 am
The biggest warehouse-club chain in the US – Costco Wholesale Corp. – announced its intentions of returning a total $2.2 billion to its shareholders as a one-time dividend. The retailer, which sells a great variety of products in bulk, has drawn benefits from lower gasoline prices, membership fees and strong store sales. “Todays announcement of […]
Read moreJanuary 31, 2015 5:41 am
The third-biggest auto manufacturer in Japan – Honda Motor Co. reduced its annual profit projection for the second consecutive quarter as a result of mounting costs tied to two sets of vehicle recalls. According to Hondas statement, net income in the financial year ending March is expected to amount to JPY545 billion, down 5.1% from […]
Read moreJanuary 24, 2015 11:21 am
General Electric Co., the worlds biggest supplier of heavy-duty gas turbines and jet engines, said that fourth-quarter earnings beat analysts forecasts amid strong performance at its power and aviation operations, while the oil and gas unit managed to blunt a hit by tumbling oil prices. General Electric revealed in a statement that operating profit per […]
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