September 23, 2015 10:05 am
Total SA is deepening its reaction to low crude prices as the French oil major announced on Wednesday a further cut in capital and operating expenses, while pledging to cover the dividend fully paid in cash. Total, which reported a $5.66-billion net loss in 2014, said it would cut capital expenditure to $20-$21 billion in […]
Read moreSeptember 21, 2015 10:30 am
Shares of German carmaker Volkswagen AG plunged by more than 20% on Monday after it ordered US dealers to halt sales of some diesel cars following accusations by local authorities of falsifying emissions data. Volkswagen, which managed to overtake Japans Toyota in the first half of the year as the worlds biggest auto maker by […]
Read moreSeptember 18, 2015 10:04 am
Adobe Systems Inc reported on Thursday record revenue and better-than-expected earnings in the third fiscal quarter, which however were overshadowed by a fourth-quarter sales and profit forecast below projections. The company said that net profit in the three months ended August 28th rose to $174.5 million, or $0.34 per share, from $44.7 million, or $0.09 […]
Read moreSeptember 17, 2015 10:10 am
European telecoms group Altice continues working its way into the lucrative US cable market as the company run by billionaire investor Patrick Drahi announced on Thursday it has agreed to purchase Cablevision Systems Corp in a $17.7-billion deal including debt. Altice said it would pay $34.90 per Cablevision share in cash, a 22% premium over […]
Read moreSeptember 16, 2015 10:06 am
British construction and housebuilding group Galliford Try Plc posted on Tuesday record results for the year ended June 30th as strong market conditions helped boost performance at both of its main divisions. The FTSE-250 company said that per-tax profit surged 20% to £114.0 million from £95.2 million a year earlier, making it the latest British […]
Read moreSeptember 15, 2015 10:22 am
British online grocer Ocado said on Tuesday that third-quarter sales topped analysts projections and that it remained confident of signing its first technology deal with an overseas retailer this year. Gross retail sales jumped 15.3% in the 12 weeks to August 9th to £252.0 million from £218.5 million a year earlier, topping analysts projections for […]
Read moreSeptember 14, 2015 10:06 am
Nintendo Co Ltd promoted on Monday Tatsumi Kimishima, a former banker who has also led Nintendos North American operations, to president, filling the top spot left vacant by longtime President Satoru Iwata who died of cancer in July. Mr. Kimishima, 65, who is currently in charge of human resources and accounting, will take over on […]
Read moreSeptember 13, 2015 6:48 am
On Friday Dow Jones Industrial Average traded within the range 16,244.65-16,434.76. The benchmark closed at 16,433.09, gaining 0.63% (102.69 points) on a daily basis and extending its advance from Thursday. On September 9th the average went up as high as 16,664.65 to mark its highest level since August 28th, when a daily high of 16,669.97 […]
Read moreSeptember 4, 2015 10:00 am
Irish aircraft lessor Avolon Holdings Ltd said on Thursday it agreed to be acquired by Chinas Bohai Leasing Co Ltd in a $2.5-billion deal, highlighting the Asian countrys growing demand for passenger jets. Bohai Leasing, a Shenzhen-listed subsidiary of Chinese aviation and shipping conglomerate HNA Group, will pay $31 per Avolon share in cash, $1 […]
Read moreSeptember 3, 2015 10:01 am
Ratings agency Standard and Poors cut its outlook for Glencore Plc to negative from stable after the London-listed company reported a hefty drop in first-half profit and lowered its projections for commodity prices. The negative revision adds to pressure on the miner and commodity trader, whose shares have tumbled by about 65% over the past […]
Read more