August 19, 2015 9:50 am
Glencore Plc, the worlds largest producer and trader of raw materials, said on Wednesday that a steep drop in commodity prices pushed it to a loss in the first half, while profit from its trading arm that is supposed to offset such market routs also slid. Glencore said that it swung to a net loss […]
Read moreAugust 18, 2015 10:04 am
German carmaker Volkswagen AG is investigating recently manufactured vehicles fitted with Takata Corp. side air bags after one of the safety devices ruptured in June in a 2015 model Tiguan SUV. US safety regulators said on Monday they have directed the US units of Volkswagen and Takata to provide information on an incident that occurred […]
Read moreAugust 17, 2015 10:16 am
Shares of British housebuilder Bovis Homes Group Plc fell off 7-year highs on Monday as the companys in-line first-half results failed to impress the market at times of a continued shortage of housing supply. The strong UK housing market helped Bovis generate a pre-tax profit of £53.8 million in the six months ended June, 9% […]
Read moreAugust 14, 2015 10:03 am
Goldman Sachs Group Inc has become the latest bank to pick up a piece of General Electrics finance operations as the New York firm agreed on Thursday to buy GE Capital Bank’s online deposit platform and about $16 billion in deposits. The terms of the deal, which will give the largest US investment bank a […]
Read moreAugust 13, 2015 8:54 am
Nestle SA, the worlds biggest foodmaker, reported on Thursday better-than-expected first-half sales growth that allowed it to reaffirm its 2015 outlook despite a major recall of Maggi noodles in India. The Swiss company said that sales in the six months ended June 30th grew by 4.5% on an organic basis, composed of 1.7% real internal […]
Read moreAugust 12, 2015 10:29 am
General Electric Co said on Tuesday it has agreed to sell its healthcare finance unit to Capital One Financial Corp for about $9 billion as the conglomerate winds down its finance operations and shifts focus back to its industrial roots. Under the deal, Capital One, a tier-two bank that has rapidly expanded since the global […]
Read moreAugust 11, 2015 9:55 am
Kraft Heinz shares fell in after-hours trading on Monday after the recently formed packaged food company reported a drop in second-quarter sales at both its predecessors, underlining the growth issues it faces. Revenue fell 4.9% at Kraft in the three months ended June 27th to $4.52 billion from $4.75 billion a year earlier, but net […]
Read moreAugust 10, 2015 10:03 am
Online trading expert IG Group Holdings Plc is facing the departure of a second senior executive officer within a month as chief financial officer Chris Hill announced on Monday he will leave in February to assume an identical role at Hargreaves Lansdown Plc. The resignation comes only weeks after chief executive Tim Howkins said he […]
Read moreAugust 7, 2015 10:06 am
Shares of troubled Taiwanese smartphone maker HTC Corp tumbled by the daily limit on Friday to their lowest in more than a decade after the company announced poor second-quarter results and forecast a third-quarter loss five times greater than analysts projections. HTC reported a net loss of NT$8.0 billion for the three months ended June, […]
Read moreAugust 6, 2015 10:04 am
German sportswear company Adidas AG reported on Thursday a slight increase in second-quarter profit on the back of strong sales, which however were dragged by its deteriorating golf business. Adidas, the worlds second-biggest sportswear maker, said that net income from continuing operations rose by 2% from a year earlier to €146 million in the second […]
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