January 19, 2015 2:38 pm
Japans Sharp Corp announced on Monday that its full-year earnings are likely to fall short of expectations due increasing competition in the display industry and the weaker yen. Sharp, which supplies Apple with screen used in its iPhones, is facing severe competition from Asian rivals who are pressuring overall industry prices down. The company also […]
Read moreJanuary 19, 2015 1:12 pm
Frances Renault announced on Monday a 3.2% increase in global vehicle deliveries in 2014 boosted by a strong demand for its budget Dacia brand in Europe. Renault delivered a total of 2 712 432 vehicles through the past year. However, Renault said that its performance lagged behind the global automotive market, which climbed by 3.5%. […]
Read moreJanuary 19, 2015 11:06 am
Macquarie Group Ltd announced on Monday it now expects profit to jump 10% to 20% for the full year ending March 31, driven by improved trading conditions and a weaker Australian dollar. The news from Australias largest investment bank that it may post its best annual performance since 2008 boosted its shares to reach their […]
Read moreJanuary 19, 2015 9:39 am
Google Inc is in talks to purchase troubled mobile-payments company Softcard as the technology giants seeks ways to compete with Apple Pay. According to people familiar with the matter, the search company may pay up to $100 million in order to acquire the payment service. Jointly owned by AT&T, Verizon and T-Mobile, the company was […]
Read moreJanuary 18, 2015 8:39 am
The largest oilfield-services company in the world – Schlumberger NV – will eliminate a total of 9 000 jobs in order to deal with the “uncertain environment” of tumbling crude prices and lower spending by customers. The lay-offs are considered the biggest ones so far announced by an oil services company and comes at a […]
Read moreJanuary 17, 2015 12:15 pm
Goldman Sachs Inc. announced that its fourth-quarter net profit declined by 7.1% due to decreased revenue from its trading and investment banking operations. Still, the results revealed by the bank were better than what analysts initially had projected. According to the companys statement, net income fell from $2.33 billion, or $4.60 per share, a year […]
Read moreJanuary 16, 2015 3:49 pm
Best Buy Co projected on Thursday that sales will take a hit by lower consumer interest towards electronics amid falling prices during the first two quarters of the financial year. The largest US consumer electronics chain said it expects same-store sales growth to be flat to negative low-single digit over the next six months and […]
Read moreJanuary 16, 2015 2:05 pm
BP Plc faces a maximum fine of $13.7 billion over its 2010 oil spill in the Gulf of Mexico after a US court ruled that 3.19 million barrels of oil leaked into the ocean. The government had estimated that 4.2 million barrels leaked into the Gulf of Mexico during the worst offshore spill in US […]
Read moreJanuary 16, 2015 12:12 pm
Hyundai Motor won a wage dispute over extra employee payments that could have resulted in more than 1 billion additional expense annually. Twenty-three union workers, representing all of the companys South Korean employees, launched a lawsuit in March 2013 against Hyundai and demanded that the company lift their payments in line with a Supreme Court […]
Read moreJanuary 16, 2015 9:55 am
Intel Corp, the worlds largest chipmaker, reported a 39% increase in net income during the fourth quarter of 2014, driven by higher demand for server chips and stronger PC sales. In the quarter ended September 27 Intel reported record revenue of $14.7 billion, up 6% compared to Q4 of 2013. Net income stood at $3.7 […]
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