November 4, 2014 4:13 pm
Alibaba Group Holding Ltd reported second-quarter results above analysts expectations due to strong growth in its e-commerce operations. In its first report to investors, after the all-time-record $25-billion listing in September, the Chinese behemoth stated a 53.7% increase in sales to RMB 16.83 billion in the three months ended September 30th, compared to RMB 10.95 […]
Read moreNovember 4, 2014 2:29 pm
Hugo Boss AG warned that its full-year sales and operating profit will be lower than expected due to “substantial slowdown” in industry growth in Europe. The German luxury fashion house said it expects revenue to grow between 6% and 8% on a currency-adjusted basis this year, lower than its previous projection of a high single-digit […]
Read moreNovember 4, 2014 2:20 pm
Bayerische Motoren Werke AG kept its leadership position in the luxury vehicles segment in the third quarter but failed to match the sales growth of Audi and Mercedes-Benz. According to the companys statement, BMWs auto deliveries increased by an annualized 5.8% and reached 509 669 vehicles over the third fiscal quarter, including the Mini and […]
Read moreNovember 4, 2014 1:13 pm
Nissan Motor Co Ltd stated an increase in Q2 profit and overtook analysts expectations amid record sales in the United States which made up for slowing operations in China. Nissan reported a slight increase in operating profit of ¥139.34 billion for the second business quarter, compared to last years result of ¥113.8 billion, beating the […]
Read moreNovember 4, 2014 10:07 am
Japan-based wireless carrier SoftBank Corp. cut its full-year profit projection due to increasing losses at its Sprint Corp. subsidiary in the U.S. SoftBank cut its full-year profit forecast by 10%, saying in its statement that its operating profit is expected to be about ¥900 billion ($7.9 billion) for the fiscal year ending March 2015. In […]
Read moreNovember 4, 2014 8:29 am
Apple Inc. is considering its first bond sale in euros at a time when the U.S.-based company is trying to finance another round of shareholder rewards. According to a person with knowledge of the situation, the iPhone manufacturer had a meeting with its investors on Monday, where bond issuance was discussed. The person also reported […]
Read moreNovember 3, 2014 4:22 pm
Laboratory Corporation of America Holdings, a major provider of healthcare diagnostic services, announced it has struck a cash and stock deal with Covance Inc. to add contract research services to its portfolio. LabCorp said the deal is valued at $105.12 per Covance share, which represents a 32% premium to the companys closing price on October […]
Read moreNovember 3, 2014 3:16 pm
Diageo PLC closed an asset swap deal with Casa Cuervo that would give the British liquor company ownership of the Don Julio tequila brand in exchange for its Bushmills whiskey label. The deal includes Casa Cuervos 50% share that Diageo doesnt already own of the tequila brand plus cash payment of $408 million for the […]
Read moreNovember 3, 2014 1:16 pm
HSBC Holdings PLC stated lower-than-expected third-quarter profit as it set aside provisions to cover any potential fees related to an ongoing investigation into manipulation of the currency market. Europes biggest bank by market capitalization set aside a $378-million provision to secure legal expenses as it tries to reach a settlement with the Financial Conduct Authority. […]
Read moreNovember 3, 2014 12:50 pm
Ryanair Holdings changed its full-year profit goal for the second time in 2014, saying that it now expects annual net income to be in the range of €750 million and €770 million ($936 million to $961 million). This projection exceeded Ryanairs previous forecast by at least €100 million. Earlier in 2014 the company made a […]
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