February 2, 2015 1:19 pm
Intel announced on Monday it had agreed to acquire privately held network chipmaker Lantiq for an undisclosed amount to further push into the “Internet of things”. The Santa Clara, California-based company said it had reached a definitive agreement with Lantiq-owner Golden Gate Capital to purchase the German maker of communications chips. Lantiq was created in […]
Read moreFebruary 2, 2015 11:09 am
General Motors Co confirmed on Monday its plans to build a new manufacturing facility in Indonesia, a move that will put pressure on Japanese peers, which dominate the region. SAIC-GM-Wuling, a joint venture between GM China, Wuling Motor and state-owned SAIC, will establish a plant close to Jakarta in order to start manufacturing Wuling brand […]
Read moreFebruary 2, 2015 9:31 am
Ryanair Holdings Plc boosted its full-year expectations as it reported strong performance in the third quarter driven by more customers and lower fuel expenses. Net profit for the three months ended December 31st stood at €49 million, a significant improvement over the €35 million loss the discount air carrier reported in the third quarter of […]
Read moreFebruary 1, 2015 7:07 am
The biggest warehouse-club chain in the US – Costco Wholesale Corp. – announced its intentions of returning a total $2.2 billion to its shareholders as a one-time dividend. The retailer, which sells a great variety of products in bulk, has drawn benefits from lower gasoline prices, membership fees and strong store sales. “Todays announcement of […]
Read moreJanuary 31, 2015 5:41 am
The third-biggest auto manufacturer in Japan – Honda Motor Co. reduced its annual profit projection for the second consecutive quarter as a result of mounting costs tied to two sets of vehicle recalls. According to Hondas statement, net income in the financial year ending March is expected to amount to JPY545 billion, down 5.1% from […]
Read moreJanuary 30, 2015 4:03 pm
AbbVie Inc. reported on Friday quarterly results that exceeded projections boosted by strong performance of its arthritis Humira drug, but merger-related costs led to a net loss. The US drugmaker reported net sales of $5.45 billion for the three months ended December 31, up 6.7% compared to a year ago. Analysts polled by Thomson Reuters […]
Read moreJanuary 30, 2015 2:25 pm
BT Group Plc will inject £1.5 billion into its pension plan by the end of April, outlining efforts to reduce its growing deficit amid stronger profits and network upgrade. The company has agreed to a 16-year recovery plan with the pension trustees, including a injection of £1.5 billion over the next three months and an […]
Read moreJanuary 30, 2015 1:05 pm
Google Inc announced on Thursday a slower-than-expected revenue growth due to the stronger dollar and falling prices on online advertisement. The Mountain View, California-based company reported revenue of $18.1 billion for the three months ended December 31, up from the $15.71 billion reported in the last quarter of 2013. However, analysts surveyed by Thomson Reuters […]
Read moreJanuary 30, 2015 10:46 am
International Airlines Group and Qatar Airways announced on Friday that the state-owned carrier had acquired a 9.99% stake in the parent of British Airways. In line with the agreement, which is valued at around £1.2 billion, Qatar Airways became the biggest shareholder in IAG, outlining further strengthening of the partnership between the two companies. “Were […]
Read moreJanuary 30, 2015 9:17 am
Amazon.com Inc rebounded from recent quarterly losses and reported results above expectations during the last three months of 2014, boosted by strong Prime user growth. The e-commerce giant stated net income of $214 million for the three months ended December 31, following losses of $126 million and $437 million reported for the two previous quarters […]
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