October 24, 2014 11:47 am
Toyota Motor Corp. sold a part of its shares in Tesla Motors Inc., as the Japanese automotive manufacturer bets on fuel cell vehicles. Back in 2010 the worlds biggest vehicle maker spent $50 million for a 3.2% stake in Tesla. Since then its investment has grown to $690 million, according to Bloomberg, and accounted for […]
Read moreOctober 24, 2014 9:58 am
The biggest wireless networks maker in the world, Ericsson, made an official statement today that its sales over the third quarter of the fiscal year rose, which surpassed analysts projections, as phone carriers invested in networks in order to improve their signal. The company said in a statement, cited by Reuters: “We are executing on […]
Read moreOctober 24, 2014 9:18 am
Lazard Ltd., the largest independent investment bank, reported better-than-expected third-quarter profit thanks to the recent jump in M&A activity. The company reported a 44% increase in net income in the quarter ended September 30, as operating revenue from the financial advisory business rose 24% to $248 million. “Lazard should be a direct beneficiary of what […]
Read moreOctober 24, 2014 8:57 am
The biggest software manufacturer in the world, Microsoft Corp., reported that its sales over the past quarter surpassed analysts forecasts due to cloud-computing growth and recovering personal-computer sales. The companys statement comes at a moment when Microsofts Chief Executive Officer Satya Nadella is trying to bring a new life to the U.S.-based company. Daniel Ives, […]
Read moreOctober 24, 2014 8:17 am
Amazon.com Inc. announced its projection regarding sales and profit for the fourth fiscal quarter, which came below initial analysts estimates. The companys forecast also highlighted the limits of its Chief Executive Officer Jeff Bezos strategy to make large investments in order to boost Amazons growth. The Chief Financial Officer of Amazon, Tom Szkutak, commented in […]
Read moreOctober 24, 2014 8:00 am
AMC Networks Inc. purchased a 49.9% stake in BBC America and took operational control, as the companies formed a union to help them in negotiations with pay-TV carriers. In a statement from both companies, they described the $200-million deal as a “long-term creative partnership” which would give them access to more premium content and grow […]
Read moreOctober 23, 2014 3:06 pm
Comcast Corp. reported on Thursday an increase in revenue and income during the recent quarter as more people signed up for its services. The U.S. cable company reported better-than-expected earnings in the third quarter, marking a record performance for the last five years, as it expanded its customer base with 315 000 new subscribers to […]
Read moreOctober 23, 2014 2:01 pm
General Motors Co. made an official statement today that its third-quarter profit increased by 1%, only a month after its Chief Executive Officer, Mary Barra, said the companys investors are putting her under pressure to boost performance. The Chief Financial Officer of the company, Chuck Stevens, said in a news release, cited by the Wall […]
Read moreOctober 23, 2014 1:34 pm
Raytheon Co. raised its yearly target and released forecast-beating results during the recent quarter after successfully trimming costs to maintain profitability. The worlds largest missile maker reported net profit of $519 million in the third quarter, compared to $493 million a year earlier. Earnings per share rose to $1.66 compared to $1.52 year-to-year and analysts […]
Read moreOctober 23, 2014 1:09 pm
Publicis Groupe SA reduced its annual sales projection after the revenue it reported over the third quarter missed analysts forecasts, as the company has been facing difficulties due to a failed merger with Omnicom Group Inc. The companys Chief Executive Officer, Maurice Levy, said in an interview for the Wall Street Journal: “Performances don’t live […]
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