March 7, 2015 10:52 am
According to a person with knowledge of the matter, Volkswagen AG is expected to announce next week a $1-billion expansion of its Mexican Puebla plant to build a new version of its Tiguan SUV for the US Market. The investment is considered part of the German automakers strategy to revive its US business by offering […]
Read moreMarch 6, 2015 4:06 pm
Staples Inc reported on Friday a quarterly loss due to lower customer demand, the stronger dollar and a charge related to its overseas units. For the three months ended January 31 the office-supply retail chain stated a net loss of $260.35 million, or $0.41 a share, compared to a profit of $212.4 million, or $0.33 […]
Read moreMarch 6, 2015 2:50 pm
Chinas Fosun International has purchased 5% stake in the British travel company Thomas Cook, the companies announced on Friday in separate statements. The largest private company in China said it had paid 125.75 pence a share or a total of £91.8 million for the Thomas Cook stake in, as it added another company of to […]
Read moreMarch 6, 2015 1:18 pm
The new wireless service from Google Inc is expected to only be compatible with the technology giants latest smartphone device, the Wall Street Journal reported. Googles new service, which would allow its users to switch between Wi-Fi and cellular networks, will work on the companys Nexus 6, the Journal said citing people familiar with the […]
Read moreMarch 6, 2015 10:57 am
SAP SE plans to reduce its workforce by around 3% as Europe’s largest software developer continue to shift its focus on providing services over the Internet. Around 2 250 of the companys total of 74 000 employees will part ways with SAP, according to Stefan Ries, head of human resources at the company. Mr. Rise […]
Read moreMarch 6, 2015 9:43 am
Daimler AG is set to invest $500 million in the expansion of its manufacturing facility in South Carolina, according to people familiar with the matter. The factory is set to assemble Mercedes-Benz Sprinter, or one of the German carmakers popular mid-size cargo minivans, only using parts that were made in the U.S. Currently the Charleston […]
Read moreMarch 5, 2015 3:53 pm
Betfair Group Plc lifted its full-year profit guidance on Thursday as the online gambling company reported another strong quarter driven by increased demand. The company reported a 20% growth in revenue to £114.6 million in the three months ended January 31, marking the fourth straight quarter of double-digit increases. The strong performance came even as […]
Read moreMarch 5, 2015 2:24 pm
Costco Wholesale Corp reported better-than-anticipated quarterly performance on Thursday as a tax benefit more than offset the negative impact of a ongoing tax matter. The second-largest retailer in the U.S., lagging behind Wal-Mart Stores, reported a net income of $598 million, or $1.35 a share, for the three months ended February 15, compared to $463 […]
Read moreMarch 5, 2015 1:04 pm
Aviva Plc reported higher full-year operating profit and boosted its dividend as the insurer saw better performance of its struggling businesses, but Chief Executive Mark Wilson warned that there is still long way to go. Operating profit for the twelve months ended December came in at £2.17 billion, up 6% compared to the previous year […]
Read moreMarch 5, 2015 10:48 am
Adidas AG reported on Thursday a net loss in the latest quarter but the German sportswear group projected strong net income growth in the year ahead. The worlds second-largest maker of sportswear, lagging behind Nike, stated a net loss of €140 million for the three months ended December, compared to a loss of €10 million […]
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