November 11, 2014 10:44 am
Vodafone Group PLC reported a smaller decline in service revenue in the second fiscal quarter boosted by growing demand in Europe. The British group stated a service revenue decline of only 1.5% for the second quarter, beating analysts projections for a 2.8% decrease and its Q1 performance of a 4.2% drop. The company recovered after […]
Read moreNovember 11, 2014 9:47 am
The biggest restaurant chain in the world – McDonalds Corp. – reported that October same-store sales surpassed analysts forecasts in a sign its turnaround strategy is proving to be successful. According to the companys statement, global sales at stores open for more than a year declined by 0.5%. This result was better than the previously […]
Read moreNovember 11, 2014 8:11 am
Google Inc. has reached an agreement with NASA for a $1.2-billion lease of its Moffett Field airfield located in California over sixty years. The transaction is considered as part of the companys strategy to invest in new technologies like aviation and robotics. The vice president of real estate and workplace services at Google – Mr. […]
Read moreNovember 10, 2014 3:49 pm
Samsung Electronics Co., the biggest smartphone manufacturer in the world, is nearing approval for its second plant in Thai Nguyen province and said it would invest as much as $3 billion in the project in an effort to expand its handset facilities in Vietnam and turn the country in one of its manufacturing centers. The […]
Read moreNovember 10, 2014 2:55 pm
Toll Brothers Inc, the largest U.S. luxury home builder reported a jump in profit, boosted by higher prices and strong performance by its West Coast division. The company reported a 29% increase in revenue for the fourth and final quarter of this business year to $1.35 billion versus 2013s Q4 revenue of $1.04 billion. The […]
Read moreNovember 10, 2014 2:03 pm
Lonmin PLCs CEO said the company does not need to raise additional funds this year as it reported a 37% decline in revenue, a result of a five-month strike. “We see no need at this juncture, given what we know, we have sufficient bank facilities” CEO Ben Magara said on a conference call, pointing towards […]
Read moreNovember 10, 2014 1:05 pm
Danish brewer Carlsberg A/S said that it improved on its already leading position in Russia as it worked on boosting its presence and brands visibility. According to Carlsbergs statement, the companys Russian volume share improved from 36.5% in the previous period to 37.9% in the third quarter of the fiscal year. The company also reported […]
Read moreNovember 10, 2014 11:46 am
Serco Group PLC reduced its full-year profit target as it announced a £550-million rights issue and identified £1.5 billion of likely impairments and charges. The company, which provides outsource services to governments such as managing the custody of prisoners, said in an unscheduled announcement that it now expects full-year operating profit to be between £130 […]
Read moreNovember 10, 2014 10:15 am
Boeing Co. managed to win an order from Japan-based lessor SMBC Aviation Capital Ltd. estimated at $8.5 billion, coming at a time of increased demand for new planes in Asia in order to meet travel growth in the region. The President and Chief Executive Officer of the Boeing Commercial Airplanes unit – Mr. Ray Conner […]
Read moreNovember 10, 2014 8:49 am
Nissan Motor Co. revealed that it is expanding its recalls in the US by withdrawing more than 52 000 vehicles due to a defect with their air-bag inflators. According to the companys statement, the problem with the passenger air bags of the vehicles could trigger an explosion and send metal shards into the passenger compartment. […]
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