April 17, 2014 7:24 am
The largest car manufacturer in the world – Toyota Motor Corp. – revealed its improved and remodelled Camry Sedan at the New York International Auto Show. This is the companys best-selling car in the U.S., with 408 484 Camrys units sold in 2013. The model also ranks second-best selling vehicle in the U.S., after the […]
Read moreApril 17, 2014 7:09 am
Google Inc. made a statement today, revealing lower-than-expected net profit results for the first quarter of the current financial year due to rising costs. According to the companys statement, the quarterly revenue increased by 19% and reached 15.4 billion, less than the 15.5 billion median analyst forecast and compared to the 13-billion-dollar revenue posted for […]
Read moreApril 16, 2014 2:41 pm
Bank of America Corp., currently the second-largest lender in the U.S., made an official statement today, posting its first quarterly loss in nearly three years. The unsatisfactory result was due to the fact that the company was affected by litigation expenses, estimated to 6 billion dollars. The 6 billion dollars in question included 3.6 billion […]
Read moreApril 16, 2014 12:59 pm
The biggest luxury-goods manufacturer on the territory of the U.K. – Burberry Group Plc made an official statement today, disclosing a second-half revenue that was largely in line with analysts estimates. The company also revealed that its growth was benefited by online expansion, but also shared its concern about its profit in fiscal 2015, which […]
Read moreApril 16, 2014 10:02 am
The biggest retailer in the U.K. – Tesco Plc made an official statement today, revealing that it managed to bring a new life to its business in some European markets amid expectations of a profit decline and forecasts of deteriorating domestic sales. Mr. Philip Clarke, who is the Chief Executive Officer of the company, said […]
Read moreApril 16, 2014 9:36 am
Danone SA, the largest yoghurt manufacturer in the world, made an official statement today, announcing a 5.2% decline in its sales during the first quarter of the current financial year. The results are due to foreign-exchange movements in some of the companys key emerging markets. Over the last couple of years, the company has been […]
Read moreApril 16, 2014 8:43 am
The Chief Executive Officer of General Motors Co. – Ms. Mary Barra – said that she intends to create a team of experts in order to make General Motors vehicles absolutely safe. In the light of recent massive recalls due to ignition-switch problems, Ms. Barra promised to shift the companys focus to the new vehicles […]
Read moreApril 16, 2014 7:52 am
The Coca-Cola Co., the worlds biggest soda manufacturer seems to be slowly gaining momentum in the first quarter of 2014. The companys profit, excluding some items was 44 US cents per share in the Q1, in line with analysts estimates. In addition, the sales growth in China was robust during the first three months of […]
Read moreApril 15, 2014 1:15 pm
According to a statement posted today, Zebra Technologies Corp. managed to reach an agreement with Motorola Solutions Inc. over the acquisition of Motorolas enterprise unit in a deal estimated to 3.45 billion dollars. The deal is expected to be finalized by the end of 2014. Zebra revealed on Tuesday that the company will finance the […]
Read moreApril 15, 2014 12:11 pm
The Swiss drug manufacturer Roche Holding AG made an e-mailed statement today, announcing that the first-quarter sales of its breast-cancer drugs increased by 17%, as its new drugs outstripped analysts estimates, compensating for the decrease of Roches overall revenue. The company announced that its overall group sales decreased to 11.496 billion Swiss francs (13.06 billion […]
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