January 18, 2015 8:39 am
The largest oilfield-services company in the world – Schlumberger NV – will eliminate a total of 9 000 jobs in order to deal with the “uncertain environment” of tumbling crude prices and lower spending by customers. The lay-offs are considered the biggest ones so far announced by an oil services company and comes at a […]
Read moreJanuary 17, 2015 12:15 pm
Goldman Sachs Inc. announced that its fourth-quarter net profit declined by 7.1% due to decreased revenue from its trading and investment banking operations. Still, the results revealed by the bank were better than what analysts initially had projected. According to the companys statement, net income fell from $2.33 billion, or $4.60 per share, a year […]
Read moreJanuary 13, 2015 3:08 pm
Boeing Co. was reported to have managed to deliver more planes than its major rival Airbus Group NV last year, which helped it keep the title of the worlds largest plane manufacturer for a third consecutive year. The increased number of deliveries was supported by the accelerated production of its newest jet 787 Dreamliner. Boeing […]
Read moreJanuary 13, 2015 10:24 am
The founding family of Hyundai Motor Group, the fifth-biggest auto manufacturer in the world, failed to sell a stake in a logistics affiliate, impairing chairman Chung Mong-koos plans to hand control of the conglomerate over to his son. According to a person with knowledge of the matter, the Chairman of Hyundai Motor Co. and his […]
Read moreJanuary 13, 2015 9:29 am
The biggest aluminum producer in the U.S. – Alcoa Inc. – announced better-than-expected earnings and sales over the fourth fiscal quarter due to rising demand for the metal from the auto and aerospace industries. The Chief Executive Officer of the company – Mr. Klaus Kleinfeld – shared that the regional premiums that are paid for […]
Read moreJanuary 13, 2015 8:58 am
According to a person familiar with the situation, who asked not to be named because the negotiations are still private, Royal Bank of Scotland Group Plc is considering a sale of a major part of its Asia-Pacific business. The person reported that RBS Chief Executive Officer, Ross McEwan, was scheduled to have several meetings in […]
Read moreJanuary 12, 2015 10:37 am
Volkswagen AG announced that it managed to deliver more than 10 million vehicles in 2014, marking the accomplishment of an annual sales goal four years earlier than the company initially planned, thanks to stable growth in China. The Germany-based company has set an objective to become the largest auto manufacturer by sales by 2018, while […]
Read moreJanuary 12, 2015 9:01 am
The third-biggest drug manufacturer in the U.K., Shire Plc, said in an official statement that it reached an agreement to acquire NPS Pharmaceuticals Inc. at the price of $5.2 billion. The purchase is considered part of the companys efforts to expand its products range for medicines used to treat rare diseases. The Chief Executive Officer […]
Read moreJanuary 11, 2015 9:47 am
AbbVie Inc. revealed in an official statement that it expects a steep jump in earnings for the new year, largely driven by the launch of its new hepatitis C drug and strong sales of its rheumatoid-arthritis drug Humira. Generic competition for its older treatments, however, will drag on the results. According to its statement, AbbVie […]
Read moreJanuary 10, 2015 11:08 am
Infosys Ltd, Indias second-biggest software exporter, revealed in a statement that its profit over the third fiscal quarter surpassed analysts forecasts as the company attracted new customers under the lead of its new CEO. Infosys said that net income rose by 13% to INR32.5 billion ($521 million) in the quarter ended December 31st, compared to […]
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