November 6, 2014 10:56 am
Commerzbank AG reported tripled net profit for the third quarter, beating analysts expectations, due to strong performance by its private customers and corporate units. Commerzbank, Germanys second-largest lender, stated a net profit of €225 million for the three months ended September 30, tripling last years profit of €75 million. Analysts polled by Bloomberg projected €185.5 […]
Read moreNovember 6, 2014 9:27 am
Qualcomm Inc., the biggest smartphone chips manufacturer in the world, reported downbeat quarterly results and posted a warning that its 2015 profit and revenue will be hit by the fallout from a probe by the Chinese government. The company also shared that it is facing a couple of new investigations led by the regulatory authorities […]
Read moreNovember 6, 2014 8:21 am
The largest PC manufacturer by shipments in the world – Lenovo Group Ltd – said that its profit during the second financial quarter surpassed analysts forecasts as it gained a larger share in the desktop computer and smartphone markets. However, the Chinese company posted its slowest sales growth in six quarters, overtaken in the global […]
Read moreNovember 5, 2014 4:14 pm
Actavis PLC reported better-than-expected third-quarter results due to strong performance of its branded drug business and recent acquisitions. Actavis has been involved in a few deals over the past several quarters as pharmaceutical companies seek increased size and large-scale benefits, such as better tax structure. Last year Actavis purchased Warner Chilcott, a specialty-pharmaceutical company based […]
Read moreNovember 5, 2014 3:07 pm
Time Warner Inc. said that it managed to surpass analysts profit forecasts in the third quarter at a time when the company is claiming that it is better off as an independent entity and does not need a merger in order to consolidate its positions. The Chief Executive Officer of Time Warner – Mr. Jeff […]
Read moreNovember 5, 2014 2:34 pm
Marks and Spencer Group PLC reported a revenue increase for the first half of the year as strong performance in its food business offset a revenue decline in clothing. M&S reported a 0.5% year-to-year rise in group revenue from £4.8 billion to £4.9 billion for the first half of this year, including a 1% increase […]
Read moreNovember 5, 2014 2:15 pm
BHP Billiton Plc intends to export condensate from the US, which will make it the first company to ship the fuel to overseas markets without getting an express permission from federal regulatory authorities. A person with knowledge of the trade, who asked not to be named because the information is still private, reported that BHP […]
Read moreNovember 5, 2014 12:07 pm
Activision Blizzard Inc, the largest U.S. video-game maker, raised its full year profit forecast after it surpassed third-quarter estimates due to strong sales of Destiny and growth in its console business. The Santa Monica, California-based company reported a record non-GAAP net revenue of $1.71 billion or $0.23 earnings per share in the recent quarter, compared […]
Read moreNovember 5, 2014 10:39 am
Alstom SA said that its expects full-year sales to increase after a record order intake. According to the companys statement, Alstom projects its sales to increase at a “high single digit” rate while its operating profit margin is likely to exceed 5%. The companys forecast excludes the energy-equipment assets, which Alstom is currently selling to […]
Read moreNovember 5, 2014 9:10 am
The largest auto manufacturer in Japan – Toyota Motor Corp. said in an official statement that it expects a record profit for a second year in a row. The companys upbeat performance is considered to be largely based on a weaker yen which boosted the value of the Lexus luxury models and SUVs sold outside […]
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