October 10, 2014 8:27 am
Tesla Motors Inc introduced an upgraded version of their Model S, featuring driver-assisting tools, two motors, “autopilot” and all-wheel drive. Last week Tesla send a mysterious tweet, preparing the public for the release of the D-technology. “About time to unveil the D and something else”, the message was retweeted more than 14 000 times and […]
Read moreOctober 10, 2014 6:55 am
PepsiCo reported third-quarter profits increase, overtaking analysts forecast and boosting yearly earnings estimates as the company raised prices on their products and trimmed costs. In a statement dated October 9th the company reported a net income of $2 billion, a 5% increase, compared to $1.91 billion a year earlier, or $1.32 per share to $1.23. […]
Read moreOctober 9, 2014 1:53 pm
Costco Wholesale Corp. revealed that its profit generated in the fourth quarter managed to beat analysts forecasts thanks to a jump in sales at the companys established stores. According its October 8th statement, the biggest US warehouse-club chains Q4 net income increased by 13% from $617 million, or $1.40 per share, a year earlier to […]
Read moreOctober 9, 2014 1:13 pm
National Australia Bank reported that its full-year earnings are likely to fall as much as 14% due to write-downs and provisions to cover alleged misconduct by British unit. Australias forth biggest bank by market value said that its cash earnings for the year ended September 30th are likely to be between AUD5.1 billion and AUD5.2 […]
Read moreOctober 9, 2014 11:58 am
U.K.-based Rio Tinto Plc defended its efforts to expand its iron-ore production in Australia during a market downturn, a strategy strongly criticized by possible buyout candidate Glencore Plc. The Chief Executive Officer of Rio Tintos iron-ore unit – Mr. Andrew Harding, explained that the companys production push will block 32 global projects of competitors from […]
Read moreOctober 9, 2014 10:02 am
Royal mail has agreed to a settlement to comply with the French competition authority (Autorité de la Concurrence) over allegations of breached antitrust laws by one of its subsidiaries, GSL France. Earlier this year Royal Mail was given notice from French competition authorities concerning a possible breach of antitrust law, which occurred before the end […]
Read moreOctober 9, 2014 9:00 am
Advanced Micro Devices Inc. appointed Ms. Lisa Su as Chief Executive Officer to succeed Rory Read in a push to make AMDs technology more competitive. Shares of the company fell by more than 7% in extended trading. Mr. Read said in a conference call, which was cited by the Wall Street Journal: “Now is the […]
Read moreOctober 9, 2014 8:39 am
The Chief Executive Officer of Fiat SpA – Mr. Sergio Marchionne shared that he sees potential to create a new leader in the auto industry after the merger with Chrysler is completed. Mr. Marchionne said in a joint interview with Chairman John Elkann, which was cited by Bloomberg: “There is room to create one guy […]
Read moreOctober 9, 2014 8:03 am
The biggest aluminium manufacturer in the U.S. – Alcoa Inc. – shared it expects its profit from auto and aerospace components to rise in the fourth quarter of the fiscal year thanks to selling a record amount of metal to car manufacturers. According to a statement made by Alcoa, the net income of the company […]
Read moreOctober 9, 2014 7:43 am
Gap Inc. changed directions turning more attention to online sales as Chief Executive Officer Glenn Murphy announced his retirement. Starting February 1st, his place will be taken by Art Peck, head of digital business. After the news Gap shares fell by 9% in the after-hours trading session. In the same statement, Gap Inc reported September […]
Read more