February 24, 2015 2:22 pm
Home Depot announced on Tuesday profit above expectations as the worlds largest home-improvement retailer benefited from strong demand for its products amid elevated house prices. Net income for the three months ended February 1 stood at $1.38 billion, or $1.05 a share, better that the $1.01 billion, or $0.73 a share, the company posted in […]
Read moreFebruary 24, 2015 12:57 pm
BHP Billiton Plc announced on Monday a sharp fall in first-half profit as the worlds biggest miner is struggling to cope with plunging commodity prices. The Anglo-Australian company reported a net profit of $4.27 billion in the six months ended December, down 47% compared to the $8.11 billion it stated a year earlier, but better […]
Read moreFebruary 24, 2015 10:49 am
Google Inc reached a deal with mobile-payment service provider Softcard on Monday as the technology giant is looking to bolster its Google Wallet application to better compete with Apple Pay. The Mountain View, California-based company said in its official blog that it had acquired technologies and intellectual property from struggling Softcard for an undisclosed amount. […]
Read moreFebruary 23, 2015 4:11 pm
Honda Motor Co announced on Monday it had appointed one of its experienced engineers as a future replacement for Chief Executive Takanobu Ito. Takahiro Hachigo, who has been with the company for more than 30 years and has vast international experience, will takeover in late June, the worlds third-biggest car maker said in a statement. […]
Read moreFebruary 23, 2015 2:30 pm
Apple Inc announced on Monday it plans to complete the construction of its first European data centers, which will be powered entirely by renewable energy, by 2017. The iPhone maker said it would spent €1.7 billion on the construction of two separate data centers, located in Denmark and Ireland. The facilities are expected to begin […]
Read moreFebruary 23, 2015 1:10 pm
HSBC Holdings Plc announced on Monday a significant fall in annual profit as Europes largest bank once again apologized for the scandal related to its Swiss private bank. The British bank reported pre-tax profit of $18.68 billion for the past year compared to a result of $22.57 billion in 2013, as the company was hit […]
Read moreFebruary 23, 2015 10:53 am
Valeant Pharmaceuticals International announced on Sunday it had agreed to purchase Salix Pharmaceuticals in an all-cash deal valuing the gastrointestinal drug maker at $10.1 billion. The Canadian company said it would buy each share of Salix for $158, slightly above the Raleigh, North Carolina-based companys closing price on Friday of $157.85. However, the stock gained […]
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 20, 2015 4:45 pm
Takata Corp will be fined everyday until the Japanese manufacturer of faulty air bags, which triggered a wave recalls around the globe, co-operates fully with US regulators. “Safety is a shared responsibility and Takatas failure to fully cooperate with our investigation is unacceptable and will not be tolerated,” said Transportation Secretary Anthony Foxx in a […]
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