January 9, 2015 3:38 pm
Google Inc may be trying to enter the US auto-insurance market as the internet giant prepares to launch its brand new website aimed at providing users with the ability to purchase and compare different policies. According to Ellen Carney, an analyst at Forrester Research, the technology behemoth got approved to sell auto insurance in 26 […]
Read moreJanuary 9, 2015 1:02 pm
Honda Motor Co Ltd has agreed to pay a record $70 million in fines after failing to report hundreds of incidents resulting in injuries and deaths involving its vehicles to the US government. The American unit of Honda will pay two separate civil penalties of $35 million each, the maximum allowable under US law. The […]
Read moreJanuary 9, 2015 11:54 am
Apple Inc. said that its customers spent almost $15 billion to purchase applications for their iPhones and iPhads last year. The companys revenue increased by the record 50% in 2014 in comparison with the prior year. The senior Vice-President of internet software and services unit, Eddy Cue, commented in a statement, cited by the Financial […]
Read moreJanuary 9, 2015 10:38 am
Coca-Cola Co. confirmed that the worlds largest beverage company will trim its workforce as much as 1% as a counter measure to falling soda sales. The company said in an emailed statement that it had sent out the first notifications today and more working places will be axed during the coming months, outlining that the […]
Read moreJanuary 9, 2015 10:03 am
The Chief Executive Officer of General Motors Co. – Ms. Mary Barra – said that she expects sales of light vehicles in the US to rise 3% in 2015 as younger consumers return to the market amid stable economic conditions and lower fuel prices. The auto sales levels that were forecast by Ms. Barra are […]
Read moreJanuary 9, 2015 8:55 am
The largest apparel retailer in Asia, Fast Retailing Co. Ltd, announced today that its profit soared by 64% due to increased sales of its Uniqlo casual-wear brand in Japan and overseas. In addition, returns further increased due to the weak performance of the yen. The Chief Financial Officer of the company, Takeshi Okazaki, said in […]
Read moreJanuary 8, 2015 3:41 pm
Discount retailer Family Dollar Stores Inc announced a nearly 50% decline in earnings for the recent quarter, weeks before a shareholders vote on a takeover deal. Net income dropped to $41.4 million in the first quarter of financial 2015, compared to the $78 million reported a year ago. Earnings per share stood at $0.36 in […]
Read moreJanuary 8, 2015 1:42 pm
Marks & Spencer Group Plc, UKs biggest clothing retailer by sales, reported worse than expected holiday results, citing online delivery problems. London-based M&S reported a 5.8% decrease in like-for-like sales in its general merchandise unit, including clothing and other non-food products, during the 13 weeks through December 27. The results largely differ from the 3% […]
Read moreJanuary 8, 2015 1:09 pm
T-Mobile US Inc., currently the fourth-largest wireless carrier in the U.S., revealed in a filing today that it managed to add 1.3 million branded postpaid customers during the fourth fiscal quarter. This exceeded the companys own forecast for subscriber growth almost twice. The rapid customer growth comes at turbulent times of price cuts and new […]
Read moreJanuary 8, 2015 10:54 am
Britains largest supermarket chain Tesco Plc said it will dispose of loss-making stores, reduce product prices, sell assets and cut costs in an attempt to turn around its troubled business. The company reported like-for-like sales drop of 2.9% in the 19 weeks to January 3, including a 0.3% fall during the six weeks Christmas period. […]
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