October 17, 2014 9:39 am
The shares of Chesapeake Energy Corp. increased the most in more than half a decade after the company revealed that it intends to dispose of its natural gas and oil shale fields by selling them to Southwestern Energy Co. The deal is estimated to $5.4 billion and is considered the largest divestment of the company. […]
Read moreOctober 17, 2014 9:25 am
Advanced Micro Devices Inc. announced layoffs with the new CEO wasting little time to cut expenses as the chipmaker struggles to expand beyond its core personal computer market. The Sunnyvale, California-based company announced on Thursday a 7% employee trim, a week after Lisa Su, Chief Operating Officer, took Rory Reads place as Chief Executive, a […]
Read moreOctober 17, 2014 8:14 am
Apple Inc. revealed its upgraded iPads and Macintosh computers at an event in its headquarters. This move by the company highlights the fact that its Chief Executive Officer, Mr. Tim Cook, is ready for the holiday season with a full range of new products in order to attract more customers. J.P. Gouwnder, an analyst at […]
Read moreOctober 17, 2014 7:46 am
On Thursday Goldman Sachs Group Inc reported a 48% increase in net income in Q3 and raised its quarterly dividends by five cents up to 60. The results easily beat the projection of analysts pooled by Bloomberg, which reflected in $3.21 per-share earnings on revenue of $7.85 billion. In reality revenue increased 25% up to […]
Read moreOctober 16, 2014 2:17 pm
On Thursday British Sky Broadcasting Group Plc reported growth, both in profit and in customer demand in Q1, as more consumers signed up to download or view digital media onto their mobile devices. Britains biggest paid-TV service reported revenue of £1.926 billion in the three months ended September 30, a 6% increase compared to last […]
Read moreOctober 16, 2014 1:56 pm
The biggest contract chips maker by revenue in the world – Taiwan Semiconductor Manufacturing Co. Ltd revealed that its net profit over the quarter ended September 30th amounted to TW$76.36 billion ($2.51 billion). The result was a 47% increase compared to the net profit of TW$51.95 billion, reported a year ago. The company also stated […]
Read moreOctober 16, 2014 1:02 pm
Roche Holding AG made an official statement today that its sales over the third fiscal quarter increased by 1.8%, as its revenue rose because of the new cancer drugs Kadcyla and Perjeta. Chi Tran-Brändli, an analyst at J. Safra Sarasin, commented on the companys performance over the quarter for the Wall Street Journal: “Roche delivered […]
Read moreOctober 16, 2014 12:29 pm
Nestlé SA reported on Thursday a fall in sales for the nine months of this year, forecasting a challenging fourth quarter as the company continues to face weak worldwide demand. The worlds largest food company stated 66.2 billion francs of revenue for the nine months ended September 30, 3.1% less compared to a year earlier […]
Read moreOctober 16, 2014 9:45 am
Google Inc. officially revealed three new Android-based devices under its Nexus brand, including a smartphone, a tablet and a set-top box for TVs. The new products announcement comes at a time, when the company is facing the fierce rivalry of Apple Inc. for high-end customers. The largest search engine in the world, also said it […]
Read moreOctober 16, 2014 9:26 am
AbbVie Inc.s board advised shareholders to vote against the takeover deal with Shire Plc., due to new tax rules imposed by the U.S. Treasury Department. The U.S. government has been trying to tune down overseas mergers for some time now and in September the Treasury Department revealed new rules in an effort to restrain corporate […]
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