January 29, 2015 4:10 pm
Ford Motor Co reported results above expectations on Thursday as the second-largest US carmaker benefited from stronger demand in Asia. The Michigan-based company stated full-year pretax profit of $6.3 billion, above expectations but down compared to the $8.6 billion reported in 2013. Net income stood at $3.2 billion versus $7.1 billion a year earlier. Ford […]
Read moreJanuary 29, 2015 2:25 pm
Nokia reported better-than-expected quarterly results on Thursday, but warned that increased competition will probably hurt profits in 2015. Net income for the fourth quarter stood at €443 million, or €0.11 a share, compared to a loss of €26 million a year earlier. In comparison analysts had projected net income of €325 million, or €0.09 a […]
Read moreJanuary 29, 2015 12:48 pm
Royal Dutch Shell reported on Thursday performance below expectations and announced a plan to reduce capital investments as a measure to counter falling oil prices. The Anglo-Dutch oil company reported profit of $3.26 billion, excluding identified items, better that the $2.91 billion in the fourth quarter of 2013, but down compared to the $5.85 billion […]
Read moreJanuary 29, 2015 10:40 am
Facebook Inc reported on Wednesday quarterly performance that exceeded projections as the social network continued to benefit from increased mobile advertising. Revenue for the three months ended December 31 climbed to $3.85 billion, compared to the $2.59 billion reported in the fourth quarter of 2013. In comparison analysts had projected revenue of $3.80 billion. Facebooks […]
Read moreJanuary 29, 2015 9:10 am
Amazon.com Inc introduced on Wednesday a cloud-based corporate e-mail and scheduling service as a rival for Googles Gmail and Mirosofts Exchange. The service, dubbed WorkMail, is aimed at the corporate clients segment, which is mostly controlled by Microsoft. The move also outlines another step for Amazon in transitioning from an e-commerce giant to a provider […]
Read moreJanuary 28, 2015 3:57 pm
Boeing Co reported stronger quarterly results as airline carriers ordered more airplanes from the the worlds largest plane manufacturer, but stated lower profit guidance for 2015. Boeing said it delivered 195 of its jetliners during the three months to December 31, 13% more than the last quarter of 2013. Deliveries were driven by high demand […]
Read moreJanuary 28, 2015 2:10 pm
Nintendo Co reported strong performance on Wednesday, boosted by the fall of the yen, but the Japanese company warned for difficulties ahead as it struggles to compete with rivals. The console maker reported net profit of ¥45.22 billion for the three months ended December, compared to a result of ¥9.6 billion stated a year earlier, […]
Read moreJanuary 28, 2015 12:52 pm
Sony Corp. might be planning the reduce its workforce by another 1 000 staffers, employed in the companys struggling smartphone division, in line with its plan to return the unit to profitability. Last October the Japanese electronics and entertainment company said it will part ways with 1 000 workers at its Xperia unit, which has […]
Read moreJanuary 28, 2015 10:53 am
AT&T Inc reported on Tuesday higher-than-anticipated earnings and revenue in the fourth quarter, despite increased competition from smaller rivals. For the final three months of last year, AT&T stated a revenue of $34.4 billion, up 3.8% compared year-on-year. Earnings per share were $0.77 on a net loss of $4 billion, in the fourth quarter of […]
Read moreJanuary 28, 2015 9:20 am
Yahoo! Inc announced on Tuesday its plan to spin-off its 15% stake in the Chinese e-commerce behemoth Alibaba Group Holding after facing shareholder pressure. The company said it will separate itself from its stake in Alibaba by the fourth quarter of this year. Yahoo! said the spin-off of its $40 billion stake would be tax-free […]
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