May 8, 2014 7:35 am
Tesla Motors Inc fell by more than 7% in after-hours trading on Wednesday after the electric vehicle makers second-quarter outlook disappointed some investors, who were impatiently awaiting clearer evidence of the companys future development. The car makers stock settled nearly 3% lower on the NASDAQ and extended its fall in after-market trading despite a better-than-expected […]
Read moreMay 7, 2014 4:07 pm
King Digital Entertainment fell by more than 10% on Wednesday as the companys first earnings release since its IPO showed a minor rise in revenue from the previous quarter, while net profit declined by a fifth. Moreover, a major part of the companys profit still relied on its two-year old Candy Crush Saga game, spurring […]
Read moreMay 7, 2014 1:43 pm
Walt Disney, the worlds largest entertainment company, reported on Tuesday higher-than-expected profit in the quarter ended March thanks to the continuing box office success of its animated film “Frozen”, as well as “Thor: The Dark World”. The company also reported solid gains at its theme park division. Operating income at Walt Disney Studios more than […]
Read moreMay 7, 2014 12:15 pm
HSBC Holdings, Europes biggest bank by market capitalization, announced on Wednesday that its first quarter pre-tax profit fell by 20% from a year earlier as revenue at its investment banking unit fell due to challenging market conditions. The London-listed bank, which makes more than half of its profits in Asia, said that pre-tax profit at […]
Read moreMay 7, 2014 10:03 am
Nintendo Co., the world’s largest maker of video-game machines, posted a net loss in the quarter ended March, but projected profit exceeding analysts estimates for the financial year through March 2015. Nintendo reported a net loss of of 33.4 billion yen in the three months ended March, trailing analysts average projections for a 27.9-billion-yen loss. […]
Read moreMay 7, 2014 8:46 am
Carlsberg A/S, the worlds fourth-largest brewer, reported a weaker-than-expected first-quarter and lowered its 2014 profit projections, as well as demand outlook in its biggest market. Carlsberg swung to first-quarter net loss and trimmed its 2014 profit target as growing macro uncertainty in Russia, which accounts for 40% of the companys sales, and a weaker rouble […]
Read moreMay 7, 2014 7:45 am
Fiat SpA revealed at a 10-hour presentation on Tuesday its long-awaited business plan which should boost the automakers sales by 2 million vehicles annually through 2018 and reduce its debt by 90%. Sergio Marchionne, Fiats chief executive officer, outlined at a conference at the Chrysler division’s headquarters in Auburn Hills, Michigan, that the Italian-American car […]
Read moreMay 6, 2014 9:11 am
Adidas AG, the worlds second-largest sporting-goods maker, reported that first-quarter net profit declined and missed analysts estimates due to currency effects and double-digit revenue decline at its TaylorMade-Adidas Golf business. The Herzogenaurach, Germany-based clothing company announced that net profit fell by 34% to 204 million euros in the first three months of the financial year, […]
Read moreMay 5, 2014 9:44 am
SAP AG, the worlds largest vendor of analytic and business intelligence software, announced the unexpected departure of board member Vishal Sikka, head of products and innovation, who was a key figure in the companys technical overhaul and the developing of SAPs flagship product, the Hana platform. Mr. Sikka announced his sudden departure from SAPs executive […]
Read moreMay 4, 2014 8:31 am
AstraZeneca Plc made an official statement on Friday, saying that it rejected the increased bid of Pfizer Inc. Pfizer Inc. made an acquisition proposal, which amounted to 63.1 billion pounds (106.5 billion dollars) but was denied because in AstraZeneca’s opinion Pfizer hadnt taken into account the promising perspectives of its drugs under development. Mr Leif […]
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