May 25, 2015 9:57 am
Amazon.com Inc has begun booking revenues in individual European countries for tax purposes, instead of channeling them through low-tax Luxembourg, the Wall Street Journal reported, following extensive criticism and intense scrutiny by EU authorities. The change came into force on May 1st, a company spokesman said, cited by the Wall Street Journal. A May 22nd […]
Read moreMay 22, 2015 10:16 am
Compagnie Financiere Richemont SA said sales unexpectedly tumbled in April as retailers delayed orders ahead of price cuts in markets tied to the US dollar, while full-year net profit fell by more than a third due to downbeat performance and losses on non-cash investments. The owner of the Cartier, Piaget and Montblanc brands said sales, […]
Read moreMay 21, 2015 10:09 am
Lenovo Group Ltd, the worlds biggest PC maker by sales volume, posted a disappointing fourth-quarter profit on Thursday, although full-year performance was only slightly below projections, as the company completed two major acquisitions. The Chinese computer maker announced that net profit for the fourth fiscal quarter ended March 31st tumbled 36.7% to $100 million from […]
Read moreMay 20, 2015 9:34 am
French telecommunications group Altice SA announced on Wednesday it has agreed to purchase a controlling stake in US cable company Suddenlink Communications, giving it a foothold in one of the worlds largest and fastest-growing communications markets. Altice said it will acquire 70% of the share capital in Suddenlink from its shareholders BC Partners, CPP Investment […]
Read moreMay 19, 2015 9:42 am
Vodafone Group Plc, the worlds second-biggest mobile operator, reported on Tuesday its first quarterly rise in service revenue in nearly three years, but full-year performance continued to show a pattern of declining sales in Europe. The British telecoms group said organic service revenue rose 0.1% in the fourth fiscal quarter ended March 31st as more […]
Read moreMay 18, 2015 9:55 am
Troubled British chocolate maker Thorntons announced on Monday the resignation of Chief Executive Officer Jonathan Hart after months of declining sales and execution issues. The Derbyshire-based company said Mr. Hart would leave on June 27th and current Chief Operating Officer Barry Bloomer will assume the role of interim CEO until a replacement is found. During […]
Read moreMay 15, 2015 9:19 am
SABMiller, the worlds second-biggest brewing company, announced on Friday it is gaining a foothold into the fast growing British craft beer market by acquiring Meantime Brewing Company for an undisclosed sum. The global beer giant said it plans to boost the craft brewerys sales and explore export opportunities in its European markets under the continued […]
Read moreMay 14, 2015 9:29 am
Honda Motor Co joined on Thursday fellow Japanese carmakers Toyota Motor Corp and Nissan Motor Co in the latest round of air bag related recalls, announcing it will pull back 4.9 million vehicles with potentially faulty air bag inflators. Honda, Takatas biggest customer, said its latest recall involves popular models such as the Accord, CRV, […]
Read moreMay 13, 2015 9:42 am
Japanese carmaker Toyota Motor Corp announced on Wednesday it will recall just under 5 million vehicles due to risk of moisture intrusion on certain types of air bags produced by Takata Corp. The worlds biggest auto manufacturer said it will initiate both a new recall and expand the production period of existing recalls, withdrawing approximately […]
Read moreMay 12, 2015 9:29 am
British low-cost airline easyJet Plc swung to a profit in the first fiscal half for the first time since 2002 but shares of the company tumbled as it warned of the negative impact a French strike in April would have on full-year performance. Europes second-biggest budget airline reported that total revenue for the six months […]
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