August 21, 2015 10:03 am
Hewlett-Packard Co reported on Thursday a fourth straight quarterly drop in revenue, although earnings topped projections, as it prepares to split into two listed companies in November. The worlds second-biggest PC seller said revenue fell 8% to $25.3 billion in the three months ended July 31st, a 15th decline in the past 16 quarters, from […]
Read moreAugust 20, 2015 10:06 am
Lowes Companies Inc, the second-biggest US home improvement chain, reported on Wednesday better-than-expected same-store sales in the second quarter as it benefited from improving consumer sentiment and a continuously recovering US housing market. The company, which operates 1 846 home improvement and hardware stores in the United States, Canada and Mexico, said that same-store sales, […]
Read moreAugust 19, 2015 9:50 am
Glencore Plc, the worlds largest producer and trader of raw materials, said on Wednesday that a steep drop in commodity prices pushed it to a loss in the first half, while profit from its trading arm that is supposed to offset such market routs also slid. Glencore said that it swung to a net loss […]
Read moreAugust 18, 2015 10:04 am
German carmaker Volkswagen AG is investigating recently manufactured vehicles fitted with Takata Corp. side air bags after one of the safety devices ruptured in June in a 2015 model Tiguan SUV. US safety regulators said on Monday they have directed the US units of Volkswagen and Takata to provide information on an incident that occurred […]
Read moreAugust 17, 2015 10:16 am
Shares of British housebuilder Bovis Homes Group Plc fell off 7-year highs on Monday as the companys in-line first-half results failed to impress the market at times of a continued shortage of housing supply. The strong UK housing market helped Bovis generate a pre-tax profit of £53.8 million in the six months ended June, 9% […]
Read moreAugust 14, 2015 10:03 am
Goldman Sachs Group Inc has become the latest bank to pick up a piece of General Electrics finance operations as the New York firm agreed on Thursday to buy GE Capital Bank’s online deposit platform and about $16 billion in deposits. The terms of the deal, which will give the largest US investment bank a […]
Read moreAugust 13, 2015 8:54 am
Nestle SA, the worlds biggest foodmaker, reported on Thursday better-than-expected first-half sales growth that allowed it to reaffirm its 2015 outlook despite a major recall of Maggi noodles in India. The Swiss company said that sales in the six months ended June 30th grew by 4.5% on an organic basis, composed of 1.7% real internal […]
Read moreAugust 12, 2015 10:29 am
General Electric Co said on Tuesday it has agreed to sell its healthcare finance unit to Capital One Financial Corp for about $9 billion as the conglomerate winds down its finance operations and shifts focus back to its industrial roots. Under the deal, Capital One, a tier-two bank that has rapidly expanded since the global […]
Read moreAugust 11, 2015 9:55 am
Kraft Heinz shares fell in after-hours trading on Monday after the recently formed packaged food company reported a drop in second-quarter sales at both its predecessors, underlining the growth issues it faces. Revenue fell 4.9% at Kraft in the three months ended June 27th to $4.52 billion from $4.75 billion a year earlier, but net […]
Read moreAugust 10, 2015 10:03 am
Online trading expert IG Group Holdings Plc is facing the departure of a second senior executive officer within a month as chief financial officer Chris Hill announced on Monday he will leave in February to assume an identical role at Hargreaves Lansdown Plc. The resignation comes only weeks after chief executive Tim Howkins said he […]
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