January 21, 2015 2:31 pm
International Business Machines Corp took another hit in the latest quarter as the company switches its focus to cloud computing technology. IBM said on Tuesday that revenue fell 12% to $24.1 billion in the three months ended December 31, marking the eleventh consecutive quarter of declines for the company. Revenue was lower than the $24.8 […]
Read moreJanuary 21, 2015 1:04 pm
SABMiller Plc, the worlds second-largest brewer, reported on Wednesday an increase in third quarter revenue, but said gains were capped by lower demand in China. Net producer revenue, which accounts for excise and other taxes, climbed 4% in the three months to December 31, mirroring analysts expectations. “We continued to drive steady net producer revenue […]
Read moreJanuary 21, 2015 10:49 am
Toyota Motor Corp kept its tittle as the worlds biggest car manufacturer, but projected a sales drop in 2015 on Wednesday, citing lower demand for its vehicles in Japan and Indonesia among other countries. The Japanese carmaker delivered 10.23 million vehicles last year, 3% better compared to 2013. Toyotas performance was also above Volkswagens sales, […]
Read moreJanuary 21, 2015 9:26 am
Netflix Inc announced plans to complete its global expansion over the next two years, faster than expected, despite decreasing subscriber growth in its domestic market. The US video streaming service plans to expand its global reach to around 200 countries. The company said that it currently has establish operations in about 50 countries and has […]
Read moreJanuary 20, 2015 4:10 pm
Johnson & Johnson stated a 0.6% decline in sales during the fourth quarter as a stronger US dollar dented profits from the companys international division. The worlds largest maker of health-care products projected its 2015 adjusted earnings per share to range between $6.12 and $6.27. The estimate, however, does not include the impact of intangible […]
Read moreJanuary 20, 2015 2:36 pm
Rio Tinto Plc, the worlds second-largest mining company, said on Tuesday it had increased its global iron ore shipments by 17% during the past year. Rio Tinto said it had sold 302.6 million tons of iron ore during 2014, including the 11% increase in output to 295 million tons through the year. “We have had […]
Read moreJanuary 20, 2015 1:08 pm
Samsung Electronics Co said on Tuesday it is considering the idea of a stock split, answering a call from regulators for lower share price in order to revitalize trading. The possible stock split was first mentioned by Robert Yi, Samsung’s head of investor relations during an event in Seoul. However, Mr. Yi said that no […]
Read moreJanuary 20, 2015 10:51 am
Twitter Inc announced on Tuesday that it had reached a deal to acquire Indias marketing start-up company ZipDial, marking its push into emerging markets. Bangalore-based company specializes in “missed call” marketing. ZipDial provides its clients, including IBM, Yum! and Procter & Gamble among others, with specific phone numbers, which when called trigger a return call […]
Read moreJanuary 20, 2015 9:25 am
Germanys SAP SE announced on Tuesday a reduction of its 2017 operating profit target, citing lower margins during the companys transition period to cloud-based products. The largest business software company in Europe said it now expects operating profit for 2017 to range between €6.3 billion to €7 billion on a revenue of €21 billion to […]
Read moreJanuary 19, 2015 4:05 pm
Chocolate maker Thorntons Plc reported a 7.8% increase in like-for-like sales during December boosted by strong demand for boxed chocolates, seasonal specialties and advent calendars. Thorntons retail division reported a 2.4% decrease in sales to £44.9 million. However, like-for-like sales in the unit increased 5% during the second quarter, boosted by the robust holiday performance, […]
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