May 10, 2014 11:27 am
UK shares dropped from highs unseen since February, while Petrofac Ltd. (PFC) registered the largest loss within the FTSE 100 (UKX) Index during yesterdays trade. The UK benchmark gauge fell 0.36%, or 24.68 points, to reach 6,814.57 at the close in London on Friday. The index recorded a 0.1% weekly loss, which followed three consecutive […]
Read moreMay 9, 2014 1:33 pm
Hilton Worldwide Holdings, the worlds largest hotel operator, raised its full-year guidance after its first-quarter net profit almost quadrupled thanks to strong business and leisure travel and higher room rates. Hilton reported that its net income attributable to shareholders soared to $123 million, or 12 cents per share, from $34 million, or 3 cents per […]
Read moreMay 9, 2014 12:10 pm
Telefonica SA, Europes second-largest telecommunications company behind Vodafone Plc and biggest investor in Latin American telecommunications, reported worse-than-expected net profit in the first quarter, dragged by a continuing decline in demand in Spain and negative currency effects in its Latin American markets. The Madrid-based carrier reported today that its net profit for the three months […]
Read moreMay 9, 2014 9:58 am
French network-equipment maker Alcatel Lucent SA reported on Friday that it managed to reduce its first-quarter net loss, spurring confidence among investors that Chief Executive Officer Michel Combes three-year turnaround plan is likely to succeed. The company announced its net loss for the first quarter fell to 73 million euros, compared to 353 million euros […]
Read moreMay 9, 2014 8:15 am
France-based Publicis Groupe SA and US rival Omnicom Group Inc. called off a $35-billion plan to merge and create the worlds biggest advertising company as the two parties failed to overcome major difficulties which slowed the process of completion. The all-stock deal, which was announced in July as a merger of equals, would have created […]
Read moreMay 9, 2014 7:12 am
Apple Inc will be making an expensive assault on the music streaming service market as the iPhone maker nears a deal to acquire Beats Electronics in a $3.2-billion deal, according to people familiar with the matter. The acquisition, which would be Apples largest, could be announced as early as next week, but both companies refused […]
Read moreMay 8, 2014 2:00 pm
Deutsche Telekom reported a first-quarter drop in core profit on Thursday, despite a on-year rise in revenue, as a result of the company aggressive push into the US market, which helped it add more customers than its main competitors combined. The former German phone monopoly reported that earnings before interest, tax, depreciation and amortization fell […]
Read moreMay 8, 2014 12:34 pm
Acer Incorporated, the worlds fourth-largest personal computer manufacturer by sales, defied analysts expectations and swung back to profit in the first quarter as the company trimmed costs and sought ways to handle worldwide PC sales decline. The Taiwanese PC maker reported on Thursday a net profit of 1 million New Taiwan dollars ($33 000), rebutting […]
Read moreMay 8, 2014 10:12 am
Barclays Plc rose by more than 5% on Thursday after the lender announced it will axe 19 000 jobs through 2016, 7 000 of which in its investment banking business, and create a “bad bank” as part of its strategic revamp aimed at boosting profitability at its core divisions. The UK bank will cut 14 […]
Read moreMay 8, 2014 8:51 am
Toyota Motor Corp, the worlds largest car manufacturer, reported it has hit a new operating high in the fiscal year that ended March 31st, buoyed by record sales and a weaker yen. The company however predicted profit will fall in the current year as competition in the US intensifies, demand in Japan softens and as […]
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