October 30, 2014 12:16 pm
BT group raised its dividend payout as profit increased due to higher demand for broadband services. The British telecoms group reached 2.5 million customers of its fibre broadband as 203 000 people signed up for the high speed internet connection in the second quarter. BT reported around 38 000 users signed up for its TV […]
Read moreOctober 30, 2014 10:05 am
Visa inc. beat analysts expectations on profit in the fourth quarter of the business year, as the company welcomed Chinas plans to open up its markets. Visa reported revenue of $3.23 billion, compared with last years result of $2.97 billion, with an operating income of $1.55 billion. Net income was $1.07 billion, compared to last […]
Read moreOctober 30, 2014 9:05 am
Samsung Electronics Co. Ltd reported the smallest quarterly earnings since 2011 as the giant faces increased competition from lower-cost Chinese rivals and Apple Incs new iPhones. Earlier this month the company warned about weak performance in the third quarter. On Thursday, the worlds biggest technology company by sales reported operating profit of KRW 4.06 trillion, […]
Read moreOctober 29, 2014 4:07 pm
LG Electronics Inc. reported a significant rise in operating profit for the third-quarter, beating analysts expectations thanks to increased smartphone sales. LG reported revenue of KRW 14.92 trillion in the third quarter, a 7.4% increase compared to a year earlier, which led to more than doubled operating profit of KRW 461 billion and a 87% […]
Read moreOctober 29, 2014 3:49 pm
Fiat Chrysler Automobiles NV intends to spin off Ferrari. This step is to give the luxury sports-car manufacturer independence from its less-profitable parent company. The Chief Executive Officer of the company, Sergio Marchionne, said in a statement, cited by the Financial Times: “As we move forward to secure the 2014-2018 Business Plan and work toward […]
Read moreOctober 29, 2014 3:07 pm
The research lab of Google Inc. announced that it is working on a nanoparticle technology, which could be used in the near future. The technology includes small magnetic particles, which are meant to check the human body for any signs of cancer and other diseases. As reported by Bloomberg, the head of Googles life sciences […]
Read moreOctober 29, 2014 12:38 pm
The biggest airline carrier in Europe, Air France KLM SA, said in a statement today that its third-quarter profit declined after the company was affected by a pilot strike, which lasted for two weeks. The company also stated it may need to increase its savings, because the bookings are still weak. The Chief Financial Officer […]
Read moreOctober 29, 2014 11:09 am
Nintendo Co. reported increased net profit in the six months ended September 30, boosted by a weaker yen and strong sales of iconic video game titles, as the company aims to turn the tide and return to profit in the end of the business year. The Japanese video game maker stated a revenue of ¥171.4 […]
Read moreOctober 29, 2014 10:06 am
The largest bank on the territory of Germany – Deutsche Bank AG reported a loss over the third fiscal quarter. The banks result comes after it set aside €894 million ($1.1 billion) to cover the past misconduct investigations costs. The co-Chief Executives of Deutsche Bank, Jürgen Fitschen and Anshu Jain, said in a statement, cited […]
Read moreOctober 29, 2014 9:31 am
The Chief Executive Officer of Facebook Inc., Mark Zuckerberg, said that the company is to continue to make large investments in new technologies in the upcoming years. The announcement was greeted with caution by some analysts. Mr. Zuckerberg said on a call, cited by Bloomberg: “For the next 10 years, our focus is on driving […]
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