February 3, 2015 11:01 am
BP Plc reported on Tuesday performance that exceeded expectations, driven by gains on its stake in Russias Rosneft, despite $3.6 impairment charge and lower oil prices. The company stated underlying replacement cost profit, excluding charges, of $2.2 billion for the three months ended December 31. In comparison BP reported a profit of $2.8 billion for […]
Read moreFebruary 3, 2015 9:27 am
News Corp and Twenty-First Century Fox will not be prosecuted by the US Department of Justice over phone hacking and alleged bribery of public officials in the UK. Both of Rupert Murdochs companies said in a separate fillings with the Securities and Exchange Commission that the department has completed and closed its investigation over the […]
Read moreFebruary 2, 2015 4:09 pm
Exxon Mobil Corp announced on Monday it suffered a 21% reduction in quarterly profits, less than projected, as performance of the worlds biggest oil company was boosted by tax benefits and a compensation from Venezuela. Post-tax earnings for the three months ended December 31 stood at $6.57 billion, down compared to the $8.35 billion reported […]
Read moreFebruary 2, 2015 2:35 pm
Irelands building supplies company CRH Plc announced on Monday it had agreed to spend €6.5 billion in order to acquire assets from rivals Lafarge and Holcim. The two companies are selling parts of their businesses to get regulatory approval on $40-billion merger. The assets, subject to the deal, include operations mainly in Europe, Canada, Brazil […]
Read moreFebruary 2, 2015 1:19 pm
Intel announced on Monday it had agreed to acquire privately held network chipmaker Lantiq for an undisclosed amount to further push into the “Internet of things”. The Santa Clara, California-based company said it had reached a definitive agreement with Lantiq-owner Golden Gate Capital to purchase the German maker of communications chips. Lantiq was created in […]
Read moreFebruary 2, 2015 11:09 am
General Motors Co confirmed on Monday its plans to build a new manufacturing facility in Indonesia, a move that will put pressure on Japanese peers, which dominate the region. SAIC-GM-Wuling, a joint venture between GM China, Wuling Motor and state-owned SAIC, will establish a plant close to Jakarta in order to start manufacturing Wuling brand […]
Read moreFebruary 2, 2015 9:31 am
Ryanair Holdings Plc boosted its full-year expectations as it reported strong performance in the third quarter driven by more customers and lower fuel expenses. Net profit for the three months ended December 31st stood at €49 million, a significant improvement over the €35 million loss the discount air carrier reported in the third quarter of […]
Read moreFebruary 1, 2015 7:07 am
The biggest warehouse-club chain in the US – Costco Wholesale Corp. – announced its intentions of returning a total $2.2 billion to its shareholders as a one-time dividend. The retailer, which sells a great variety of products in bulk, has drawn benefits from lower gasoline prices, membership fees and strong store sales. “Todays announcement of […]
Read moreJanuary 31, 2015 5:41 am
The third-biggest auto manufacturer in Japan – Honda Motor Co. reduced its annual profit projection for the second consecutive quarter as a result of mounting costs tied to two sets of vehicle recalls. According to Hondas statement, net income in the financial year ending March is expected to amount to JPY545 billion, down 5.1% from […]
Read moreJanuary 30, 2015 4:03 pm
AbbVie Inc. reported on Friday quarterly results that exceeded projections boosted by strong performance of its arthritis Humira drug, but merger-related costs led to a net loss. The US drugmaker reported net sales of $5.45 billion for the three months ended December 31, up 6.7% compared to a year ago. Analysts polled by Thomson Reuters […]
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