January 20, 2015 2:36 pm
Rio Tinto Plc, the worlds second-largest mining company, said on Tuesday it had increased its global iron ore shipments by 17% during the past year. Rio Tinto said it had sold 302.6 million tons of iron ore during 2014, including the 11% increase in output to 295 million tons through the year. “We have had […]
Read moreJanuary 20, 2015 1:08 pm
Samsung Electronics Co said on Tuesday it is considering the idea of a stock split, answering a call from regulators for lower share price in order to revitalize trading. The possible stock split was first mentioned by Robert Yi, Samsung’s head of investor relations during an event in Seoul. However, Mr. Yi said that no […]
Read moreJanuary 20, 2015 10:51 am
Twitter Inc announced on Tuesday that it had reached a deal to acquire Indias marketing start-up company ZipDial, marking its push into emerging markets. Bangalore-based company specializes in “missed call” marketing. ZipDial provides its clients, including IBM, Yum! and Procter & Gamble among others, with specific phone numbers, which when called trigger a return call […]
Read moreJanuary 20, 2015 9:25 am
Germanys SAP SE announced on Tuesday a reduction of its 2017 operating profit target, citing lower margins during the companys transition period to cloud-based products. The largest business software company in Europe said it now expects operating profit for 2017 to range between €6.3 billion to €7 billion on a revenue of €21 billion to […]
Read moreJanuary 19, 2015 4:05 pm
Chocolate maker Thorntons Plc reported a 7.8% increase in like-for-like sales during December boosted by strong demand for boxed chocolates, seasonal specialties and advent calendars. Thorntons retail division reported a 2.4% decrease in sales to £44.9 million. However, like-for-like sales in the unit increased 5% during the second quarter, boosted by the robust holiday performance, […]
Read moreJanuary 19, 2015 2:38 pm
Japans Sharp Corp announced on Monday that its full-year earnings are likely to fall short of expectations due increasing competition in the display industry and the weaker yen. Sharp, which supplies Apple with screen used in its iPhones, is facing severe competition from Asian rivals who are pressuring overall industry prices down. The company also […]
Read moreJanuary 19, 2015 1:12 pm
Frances Renault announced on Monday a 3.2% increase in global vehicle deliveries in 2014 boosted by a strong demand for its budget Dacia brand in Europe. Renault delivered a total of 2 712 432 vehicles through the past year. However, Renault said that its performance lagged behind the global automotive market, which climbed by 3.5%. […]
Read moreJanuary 19, 2015 11:06 am
Macquarie Group Ltd announced on Monday it now expects profit to jump 10% to 20% for the full year ending March 31, driven by improved trading conditions and a weaker Australian dollar. The news from Australias largest investment bank that it may post its best annual performance since 2008 boosted its shares to reach their […]
Read moreJanuary 19, 2015 9:39 am
Google Inc is in talks to purchase troubled mobile-payments company Softcard as the technology giants seeks ways to compete with Apple Pay. According to people familiar with the matter, the search company may pay up to $100 million in order to acquire the payment service. Jointly owned by AT&T, Verizon and T-Mobile, the company was […]
Read moreJanuary 18, 2015 8:39 am
The largest oilfield-services company in the world – Schlumberger NV – will eliminate a total of 9 000 jobs in order to deal with the “uncertain environment” of tumbling crude prices and lower spending by customers. The lay-offs are considered the biggest ones so far announced by an oil services company and comes at a […]
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