February 22, 2015 8:06 am
The worlds biggest farm equipment manufacturer – Deere & Co. – cut its full-year profit projection for FY2015 due to lower farmer spending on high-horsepower equipment. The U.S.-based company said net income is expected to amount to about $1.8 billion for the financial year ending October 2015, revising down its previous forecast of $1.9 billion. […]
Read moreFebruary 21, 2015 10:16 am
Danone SA warned on Friday that another tough year lies ahead and projected no gain in sales growth after in 2014 its fresh-dairy division reported the smallest increase in revenue in more than ten years. According to Danones statement, the companys sales are expected to increase in the range from 4% to 5% on a […]
Read moreFebruary 20, 2015 4:45 pm
Takata Corp will be fined everyday until the Japanese manufacturer of faulty air bags, which triggered a wave recalls around the globe, co-operates fully with US regulators. “Safety is a shared responsibility and Takatas failure to fully cooperate with our investigation is unacceptable and will not be tolerated,” said Transportation Secretary Anthony Foxx in a […]
Read moreFebruary 20, 2015 1:07 pm
Manufacturer of advanced lithium-ion batteries A123 Systems is suing Apple Inc claiming that the iPhone giant stole its leading engineers and researchers. A123 Systems, wholly owned by the Chinese car parts maker Wanxiang Group, launched a lawsuit against Apple earlier this week accusing the Cupertino, California-based company of poaching its employees in order to establish […]
Read moreFebruary 20, 2015 10:52 am
Googles online video streaming service will introduce a new application for children next week that will be compatible with smartphones and tablets. YouTube, which has over 1 billion users, will launch its new service on Monday in the U.S. and the application will be available for download through Googles Play Store. The software will work […]
Read moreFebruary 20, 2015 9:19 am
Lenovo Group Ltd had sold laptops with pre-installed software exposing its devices to hacker attacks and unauthorized monitoring. In September the largest personal computer manufacturer started distributing its devices with a software called SuperFish marketed as a free search tool. However, soon after the first devices were delivered, complaints started raining on Lenovo. Consumers accused […]
Read moreFebruary 19, 2015 4:13 pm
Wal-Mart Stores Inc announced on Thursday that it would increase the pay rate of its US staff above the minimum amid rebounding sales at home. The worlds biggest retailer said it would spend more than $1 billion on wage increases during this fiscal year. The company intents to start paying its employees at least $9.00 […]
Read moreFebruary 19, 2015 3:03 pm
Air France-KLM SA reported profit above expectations on Thursday but warned that it would reduce its investment plan by €300 million during the year ahead as the company battles weakness in Europe. The airline company stated net income of €316 million, or €1.07 a share, in the three months ended December compared to a loss […]
Read moreFebruary 19, 2015 1:18 pm
Samsung Electronics Co said Wednesday that it had purchased a US mobile payment startup, outlining its plan to compete with Apple Pay. The South Korean technology giant acquired Burlington-based LoopPay for an undisclosed amount as it makes its push into mobile payments, where rival Apple is already gaining some traction. The market is quickly getting […]
Read moreFebruary 19, 2015 10:55 am
BAE System Plc announced on Thursday a 12% decline in full-year profit as Europe’s biggest defense company suffered amid lower military spending. The London-based company said underlying earnings before interest, taxes, and amortization dropped to £1.70 billion in 2014 compared to the £1.93 billion stated in the prior period. Revenue for the year slided 8.5% […]
Read more