October 23, 2014 12:09 pm
AT&T Inc. reported an increase in revenue, but still under Wall Streets expectations, while cutting sales projections for the year. The company reported sales during Q3 increased to $32.96 billion, compared to analysts estimate of $33.21 billion. Net income fell from $3.81 billion last year, or $0.72 per share, to $3 billion, or $0.58 per […]
Read moreOctober 23, 2014 9:56 am
Nokia made an official statement today that its earnings over the third quarter of the fiscal year rose due to the increasing network spending by the phone carriers located in the U.S. and China. According to the companys statement, Nokias profit excluding some items over the third three months of the year, increased from 6 […]
Read moreOctober 23, 2014 9:48 am
On Thursday Tesco said its chairman would step down, as it confirmed that first-half pre-tax profit had been exaggerated by £263m due to accounting irregularities, which had gone back further than expected. Richard Broadbent, chairman since 2011, said he would step down when managements transition is complete and business plans are in place. “It will […]
Read moreOctober 23, 2014 9:06 am
The third-biggest luxury vehicles manufacturer in the world – Daimler AG – made an official statement today that its profit over the third quarter of the current fiscal year increased by 21% due to larger deliveries of its Mercedes-Benz S-Class line. The Chief Executive Officer of the company, Dieter Zetsche, said in the statement, cited […]
Read moreOctober 23, 2014 8:01 am
Lloyds Banking Group Plc. is set to announce a 10% headcount reduction next week as part of a three-year strategy to reduce expenses and focus on its online presence. Britain’s largest mortgage provider is expected to unveil a plan to let go of around 9 000 people of its staff, as it reports third-quarter results […]
Read moreOctober 23, 2014 7:00 am
Twitter Inc. is seeking a way to reach beyond its core messaging application and invests in a series of acquisitions in order to become more competitive against its biggest rivals Google Inc., Apple Inc. and Facebook Inc. The company is also trying to get into China, where its microblogging service is banned by the government. […]
Read moreOctober 22, 2014 2:49 pm
The U.S.-based storage computers manufacturer, EMC Corp., reported today on its earnings over the third fiscal quarter, which came below initial analysts forecasts, amid decreasing customer spending on storage. According to the companys statement, EMC profit for the period, excluding some expenses, amounted to 44 cents per share. Its revenue increased by 8.9% to reach […]
Read moreOctober 22, 2014 2:30 pm
GlaxoSmithKline Plc reported third-quarter profit that surpassed analysts projections and unveiled a new cost-saving program and management structure, as sales in the U.S. continue to pull down overall performance. On Wednesday the pharmaceutical giant said in a statement that it will reduce expenses by £1 billion over the next three years, with around 50% delivered […]
Read moreOctober 22, 2014 2:05 pm
Boeing Co. made an official statement today that its earnings rose by 17% over the third quarter due to stable demand for its jetliners. In addition, the U.S.-based company also boosted its full-year profit forecast. According to the statement by Boeing, the company projected that its earnings for 2014, excluding some pension costs, will be […]
Read moreOctober 22, 2014 1:44 pm
Total SA announced that Patrick Pouyanne, head of refining and chemicals, has been appointed as the new CEO of the company, succeeding Christophe de Margerie. On Wednesday the board of directors decided to once again split the roles of chief executive and chairman, which were previously both held by Mr. de Margerie. Thierry Desmares, who […]
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