February 13, 2015 4:00 pm
Interpublic Group of Companies Inc reported on Friday quarterly revenue above expectations but warned that full-year sales would be hurt by the robust US dollar. The advertising company stated a revenue of $2.21 billion for the three months ended December 31, up 4% compared to the same period of last year. Interpublic said performance was […]
Read moreFebruary 13, 2015 2:29 pm
Statoil ASA announced on Friday that the oil giant and partners have submitted a plan for the development of the giant North Sea oil field. The oil company said in a statement it had sent a plan to the Norwegian Ministry of Petroleum and Energy, under which Statoil will operate around 40% of the field, […]
Read moreFebruary 13, 2015 1:16 pm
ArcelorMittal reported on Friday a smaller net loss in the quarter but lowered its profit expectations for this year as lower iron ore prices offset higher demand for steel. The worlds largest steelmaker by production stated a net loss of $955 million in the fourth quarter compared with a negative result of $1.23 billion a […]
Read moreFebruary 13, 2015 11:14 am
TransCanada Corp intents to seek permission from the US government for its plan to construct a 200-mile pipeline from North Dakota to Canada. According to a person familiar with the matter the Canadian pipeline company will unveil its plan later on Friday as it reports its financial performance. The new project is valued at $600 […]
Read moreFebruary 13, 2015 9:44 am
Rolls-Royce Holdings Plc warned on Friday that full-year earnings may decline as much as 14% this year as the company reported lower annual profit amid falling oil prices. The world’s second-largest maker of aircraft engines said in statement it expects profit before tax in 2015 to stand between £1 400 million and £1 550 million. […]
Read moreFebruary 12, 2015 4:03 pm
Qualcomm Inc became a subject to yet another investigation, this time from South Korean authorities, following the chip designers record fine in China. According to a person familiar with the situation, Samsung Electronics, LG Electronics and Pantech, also a smartphone maker, complained to the Fair Trade Commission about Qualcomms current royalty rates, claiming they are […]
Read moreFebruary 12, 2015 2:37 pm
Lower oil prices claimed another victim on Thursday as Frances Total reported a net loss of $5.66 billion in the fourth quarter due to significant asset writedowns. The company took impairment charges with a combined value of $6.5 billion, related to its Canadian oil sands business, its refineries in Europe and its US shale operations. […]
Read moreFebruary 12, 2015 1:18 pm
Rio Tinto Plc reported Thursday full-year profit above expectations, driven by higher production and cost cuts, and announced a $2 billion share buyback program. The worlds second-largest miner stated underlying earnings of $9.3 billion for the 12 months ended December 31, down 9% compared to last years result of $10.2 billion. The figure also surpassed […]
Read moreFebruary 12, 2015 10:57 am
Renault SA reported Thursday a significant increase in full-year net profit after the French carmaker benefited from robust European sales and cost cuts. The company reported 2014 net profit of €1.9 billion, more than tripled compared to the €586 million in the previous year. The figure also beat the €1.8 billion projection of the 20 […]
Read moreFebruary 12, 2015 9:24 am
Tesla Motors Inc reported bigger-than-expected loss in the fourth quarter, but Chief Executive Elon Musk projected better performance in the current year. For the three months ended December 31, the electric carmaker reported a loss of $0.13 per share, excluding certain items. In comparison analysts had projected a profit of $0.32 per share. The Palo […]
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