February 16, 2015 1:10 pm
Puma SE reported smaller net loss for the quarter as the German athletic gear maker benefited from lower costs and higher demand for its shoes. The Herzogenaurach-based company stated a net loss of €4.6 million for the three months ended December compared to a result of €115 million below the zero mark in the same […]
Read moreFebruary 16, 2015 11:09 am
Online gambling company 888 Holdings Plc said on Monday it had ended takeover talks with William Hill, the largest bookmaker in the UK, after a major shareholder did not agree with the offered price. “Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement […]
Read moreFebruary 16, 2015 9:47 am
One of LG Electronics top managers has been indicted on a charge of intentionally damaging washing machines made by rival Samsung Electronics ahead of a trade show in Germany. Jo Seong-jin, LGs head of home-appliance division, was formally accused of deliberately damaging several “Crystal Blue” washing machines by South Korean prosecutors. The high-end products, priced […]
Read moreFebruary 15, 2015 11:24 am
The biggest steel manufacturer in Germany – ThyssenKrupp AG reported a small profit for the first three months of the fiscal year and reaffirmed its 2015 guidance. According to ThyssenKrupps statement, net income over the quarter ended on December 31st amounted to €50 million, or 9 cents per share. In comparison, it posted a net […]
Read moreFebruary 14, 2015 7:57 am
The biggest commercial insurer in the U.S. and Canada – American International Group Inc. – announced plans to reduce its annual general operating expenses by 3% to 5% through 2017 after declining by 4.8% to $8.72 billion in 2014. The Chief Executive Officer of the company, who took over the position last year – Mr. […]
Read moreFebruary 13, 2015 4:00 pm
Interpublic Group of Companies Inc reported on Friday quarterly revenue above expectations but warned that full-year sales would be hurt by the robust US dollar. The advertising company stated a revenue of $2.21 billion for the three months ended December 31, up 4% compared to the same period of last year. Interpublic said performance was […]
Read moreFebruary 13, 2015 2:29 pm
Statoil ASA announced on Friday that the oil giant and partners have submitted a plan for the development of the giant North Sea oil field. The oil company said in a statement it had sent a plan to the Norwegian Ministry of Petroleum and Energy, under which Statoil will operate around 40% of the field, […]
Read moreFebruary 13, 2015 1:16 pm
ArcelorMittal reported on Friday a smaller net loss in the quarter but lowered its profit expectations for this year as lower iron ore prices offset higher demand for steel. The worlds largest steelmaker by production stated a net loss of $955 million in the fourth quarter compared with a negative result of $1.23 billion a […]
Read moreFebruary 13, 2015 11:14 am
TransCanada Corp intents to seek permission from the US government for its plan to construct a 200-mile pipeline from North Dakota to Canada. According to a person familiar with the matter the Canadian pipeline company will unveil its plan later on Friday as it reports its financial performance. The new project is valued at $600 […]
Read moreFebruary 13, 2015 9:44 am
Rolls-Royce Holdings Plc warned on Friday that full-year earnings may decline as much as 14% this year as the company reported lower annual profit amid falling oil prices. The world’s second-largest maker of aircraft engines said in statement it expects profit before tax in 2015 to stand between £1 400 million and £1 550 million. […]
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