July 24, 2015 10:06 am
Shares of Amazon.com Inc surged more than 18% in pre-market trading on Friday after the online retailer reported on Thursday an unexpected profit in the second quarter on the back of better-than-projected revenue. The company said that net sales surged 20% to $23.18 billion in the three months ended June 30th, compared with $19.34 billion […]
Read moreJuly 23, 2015 10:07 am
German automotive group Daimler AG reported on Thursday better-than-expected second-quarter revenue and profit, driven by strong performance at its Mercedes-Benz luxury car division. The company said that group sales in the three months ended June rose by 19% to €37.5 billion from €31.5 billion a year earlier, while operating profit from ongoing businesses soared 54% […]
Read moreJuly 22, 2015 9:56 am
British low-cost airline easyJet Plc announced on Wednesday a smaller-than-expected drop in third-quarter revenue as more holiday traveling to the beach partially offset hurdles the company had warned about in a guidance released in May. Europes second-biggest budget carrier said it achieved good commercial performance in the three months ended June 30th, with revenue per […]
Read moreJuly 21, 2015 10:12 am
International Business Machines Corp, the worlds biggest technology services company, reported on Monday a 13th consecutive drop in quarterly revenue which was weighed down by divestment and a strong dollar, sending shares of the company falling in after-market trading. IBM said that revenue from continuing operations tumbled 13% to $20.8 billion in the three months […]
Read moreJuly 20, 2015 10:15 am
Chinese telecoms giant Huawei reported on Monday its best revenue growth in more than five years, helped by solid smartphone sales and unaffected by sluggish economic growth at home. The privately held company said that unaudited first-half revenue jumped by an annualized 30% to CNY 175.9 billion ($28.3 billion). It did not disclose its net […]
Read moreJuly 17, 2015 2:54 pm
General Electric Co reported on Friday better-than-expected revenue and adjusted profit in the second quarter as upbeat performance in its power division offset a continued decline in oil and gas. The US conglomerate reported a 5% jump in operating profit from its industrial segment to $4.4 billion on the back of flat revenue at $26.9 […]
Read moreJuly 16, 2015 10:03 am
Intel Corp reported a drop in second-quarter profit and revenue on Wednesday but results topped projections and the company forecast a much better performance than analysts expected for the third quarter. The chip maker said that revenue in the three months ended June 27th dropped 4.6% to $13.195 billion from $13.831 billion a year earlier, […]
Read moreJuly 15, 2015 10:09 am
Toyota Motor Corp, the worlds biggest automaker, announced on Wednesday it will recall 625 000 hybrid vehicles globally to fix a software glitch that in rare cases could shut down the cars hybrid system. The latest recall action comes after the Japanese car maker pulled back almost 2.9 million vehicles in late June to replace […]
Read moreJuly 14, 2015 10:03 am
State-owned Tsinghua Unigroup has prepared a $23-billion offer to acquire US memory chip maker Micron Technology Inc, according to people familiar with the matter, which could be the biggest foreign takeover by a Chinese company. Unigroup said on Tuesday that a deal was still “under discussion” and that it could pay $21 per Micron share, […]
Read moreJuly 13, 2015 1:51 pm
General Motors Co announced on Monday it will recall 155 000 Chevrolet vehicles in India starting next week to fix a faulty wiring in a remote keyless entry part. The recall, the companys biggest in the country, will cover the Chevrolet Spark and Beat hatchbacks and the Chevrolet Enjoy minivan. It affects certain vehicles manufactured […]
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