October 20, 2014 9:37 am
On Monday Australias Transfield said it had received a takeover bid from Spanish infrastructure group Ferrovial. The Spanish group has offered A$1.95 per share for the Australian company, valuing it at A$1 billion. Transfield management advised shareholders to restrain from action regarding the offer from Ferrovial. Chairman of the Sydney-based company, Diane Smith-Gander said: “The […]
Read moreOctober 20, 2014 8:51 am
Philips Electronics made an official statement in regard to its third-quarter results. The companys earnings over the period came short of initial analysts forecasts due to unfavorable exchange rates and decreasing demand in China and the Russian Federation. The Chief Executive Officer of the company, Mr. Frans Van Houten, said in Philips statement, cited by […]
Read moreOctober 20, 2014 8:18 am
Several people with knowledge of the matter reported that International Business Machines Corp. reached an agreement to pay a total of $1.5 billion to Globalfoundries for the acquisition of its semiconductor business. The deal between the two companies is expected to be officially announced in the U.S. early on Monday. IBM also hinted about the […]
Read moreOctober 20, 2014 7:57 am
On Monday SAP SE cut down its yearly earnings forecast and reported an increase in Q3 net profit as more customers preferred purchasing products online rather than in conventional packages. The worlds largest supplier of software business solutions predicted yearly operating profit for 2014 to be in the range of €5.6 billion to €5.8 billion. […]
Read moreOctober 19, 2014 9:02 am
General Electric Co. reported its third-quarter results surpassed analysts initial estimates as margins in its industrial unit were boosted by Chief Executive Officer Jeffrey Immelts cost reduction efforts. The company said in its statement, which was cited by Bloomberg: “GE continues to make good progress with its simplification goals. The company is on track to […]
Read moreOctober 18, 2014 8:47 am
UnitedHealth Group Inc., the biggest US health insurance company by sales, said third-quarter profit topped analysts estimates as more consumers chose to sign up for Medicaid under Obamacare. The Minnesota-based company said third-quarter revenue grew 7%, up to $32 billion year-to-year. Net income also rose 7% to $1.63 per share, surpassing predictions of $1.53 earnings […]
Read moreOctober 17, 2014 1:03 pm
Airbus Group NV said it will cut production of its A330 twin-engine jet in 2015 in an indication that demand for the long-range plane is insufficient to sustain its current construction rate. On Friday the Toulouse-based company said it will reduce the build-rate of its A330 model to nine per month in the fourth quarter […]
Read moreOctober 17, 2014 12:57 pm
Google Inc. made an official statement in regard to its results in the third quarter of the fiscal year. The companys profit and revenue came short of initial forecasts by experts at a time when the U.S.-based search provider is trying to bring a new life to its advertising sales. According to the statement, Googles […]
Read moreOctober 17, 2014 11:36 am
Rolls-Royce Holdings Plc made an official statement today that it has reduced its full-year sales projection. The company expects its revenue to decline instead of staying unchanged due to delayed customers orders and the trade sanctions imposed on Russia. The Chief Executive Officer of the U.K.-based engine manufacturer, Mr. John Rishton, said in the statement, […]
Read moreOctober 17, 2014 11:17 am
On Thursday Indias largest IT group by capitalization announced an increase in net profits below analysts projection, which caused a sharp drop in shares. “The expectations from Tata Consultancy were very high after Infosys posted strong numbers, so the company missing estimates has come as a disappointment,” said Sarabjit Kour Nangra, vice president of research […]
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