February 25, 2015 10:52 am
Hewlett-Packard Co reported on Tuesday quarterly performance below expectations and warned that the stronger US dollar will dent full-year results as the personal computer maker prepares to divide itself. The Palo Alto, California-based company stated a revenue of $26.84 billion for the three months ended January 31 compared to a result of $28.40 billion a […]
Read moreFebruary 25, 2015 9:30 am
Sony Corp named a replacement for Amy Pascal, who left Sonys movie division earlier this month following the massive cyber attack that left Sony Pictures Entertainment without its computer network for several days. Tom Rothman is set to become chairman of Sony’s Motion Picture Group, the Culver City, California-based said in a statement today. Mr. […]
Read moreFebruary 24, 2015 4:06 pm
Comcast Corp reported on Tuesday slight growth in fourth-quarter profit as the biggest US cable operator benefited from robust performance of its broadband and business-services units. The company reported net income of $1.93 billion, or $0.74 a share, for the three months ended December 31 compared to a result of $1.91 billion, or $0.72 a […]
Read moreFebruary 24, 2015 2:22 pm
Home Depot announced on Tuesday profit above expectations as the worlds largest home-improvement retailer benefited from strong demand for its products amid elevated house prices. Net income for the three months ended February 1 stood at $1.38 billion, or $1.05 a share, better that the $1.01 billion, or $0.73 a share, the company posted in […]
Read moreFebruary 24, 2015 12:57 pm
BHP Billiton Plc announced on Monday a sharp fall in first-half profit as the worlds biggest miner is struggling to cope with plunging commodity prices. The Anglo-Australian company reported a net profit of $4.27 billion in the six months ended December, down 47% compared to the $8.11 billion it stated a year earlier, but better […]
Read moreFebruary 24, 2015 10:49 am
Google Inc reached a deal with mobile-payment service provider Softcard on Monday as the technology giant is looking to bolster its Google Wallet application to better compete with Apple Pay. The Mountain View, California-based company said in its official blog that it had acquired technologies and intellectual property from struggling Softcard for an undisclosed amount. […]
Read moreFebruary 23, 2015 4:11 pm
Honda Motor Co announced on Monday it had appointed one of its experienced engineers as a future replacement for Chief Executive Takanobu Ito. Takahiro Hachigo, who has been with the company for more than 30 years and has vast international experience, will takeover in late June, the worlds third-biggest car maker said in a statement. […]
Read moreFebruary 23, 2015 2:30 pm
Apple Inc announced on Monday it plans to complete the construction of its first European data centers, which will be powered entirely by renewable energy, by 2017. The iPhone maker said it would spent €1.7 billion on the construction of two separate data centers, located in Denmark and Ireland. The facilities are expected to begin […]
Read moreFebruary 23, 2015 1:10 pm
HSBC Holdings Plc announced on Monday a significant fall in annual profit as Europes largest bank once again apologized for the scandal related to its Swiss private bank. The British bank reported pre-tax profit of $18.68 billion for the past year compared to a result of $22.57 billion in 2013, as the company was hit […]
Read moreFebruary 23, 2015 10:53 am
Valeant Pharmaceuticals International announced on Sunday it had agreed to purchase Salix Pharmaceuticals in an all-cash deal valuing the gastrointestinal drug maker at $10.1 billion. The Canadian company said it would buy each share of Salix for $158, slightly above the Raleigh, North Carolina-based companys closing price on Friday of $157.85. However, the stock gained […]
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