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Airbus Group NV forecasts profit growth amid plane production increase

February 26, 2014 10:44 am
Airbus Group NV announced that its profit increased by 21% in 2013 and forecast earnings growth in 2014 as its aircraft division is working on expanding the production of the companys best-selling single-aisle planes. Airbus Group NV made a statement today, revealing that its earnings before interest, tax and one-time items jumped to 3.6 billion […] Read more

T-Mobile posts a net loss for third consecutive quarter amid a customer gains push

February 26, 2014 8:25 am
T-Mobile US Inc., which currently is the fourth-largest wireless carrier in the U.S., posted a net loss for a third straight quarter. The unsatisfactory result was based on the fact that subscriber gains, which are driven by the companys cheaper service plans, ended up generating higher costs for T-Mobile. T-Mobile US Inc. made an official […] Read more

LinkedIn Corp. expands its reach in China by establishing a local website

February 25, 2014 2:40 pm
LinkedIn Corp. is reported to be establishing a Chinese-language website which is expected to restrict some content in order to meet the countrys censorship rules. The company is trying to expand its reach in China, where most U.S. technology companies have had controversies and disagreements with the government. The President of LinkedIn Corp. in China […] Read more

Dixons Retail Plc in talks over a possible merger with Carphone Warehouse Group

February 24, 2014 3:47 pm
Currently, Dixons Retail Plc is the biggest consumer-electronics retailer in the U.K. The company announced that it is negotiating an eventual merger with Carphone Warehouse Group Plc. The two companies, whose combined revenue is estimated to about 12 billion pounds (20 billion dollars), made an official statement today, revealing that negotiations between them are at […] Read more