November 12, 2014 10:36 am
BMW Group AG reported increased deliveries of its BMW, Mini and Rolls-Royce vehicles due to strong Chinese sales. The German car manufacturer reported a revenue jump of slightly over 11% in October to 184 297 shipments, boosted by a 20% rise in Chinese sales and the introduction of a new Mini model. Interest in the […]
Read moreNovember 12, 2014 8:56 am
The operator of the worlds largest container line – AP Moeller Maersk A/S – reported on Tuesday that its third-quarter profit rose due to reduced expenses and increased box volumes. However, lower earnings in the companys oil unit and a downward revised global shipping demand growth this year weighed on shares. According to the companys […]
Read moreNovember 12, 2014 8:46 am
South Koreas biggest car manufacturer – Hyundai Motor Co. and its affiliate Kia Motors Corp. announced that they are planning to buy back a combined KRW670 billion ($616 million) of stock. The buyback comes as the latest attempt to ease investors agitation following the $10-billion purchase of a property in Seoul slated for new headquarters. […]
Read moreNovember 11, 2014 1:00 pm
Alibaba reported record sales during the first hours of its November 11th Singles Day promotion, turning it into the biggest online shopping discount event. The figures until lunchtime suggested the event will even beat the online sales generated in the U.S. holiday shopping spree between Thanksgiving and Cyber Monday in 2013. Alibaba shared that more […]
Read moreNovember 11, 2014 10:44 am
Vodafone Group PLC reported a smaller decline in service revenue in the second fiscal quarter boosted by growing demand in Europe. The British group stated a service revenue decline of only 1.5% for the second quarter, beating analysts projections for a 2.8% decrease and its Q1 performance of a 4.2% drop. The company recovered after […]
Read moreNovember 11, 2014 9:47 am
The biggest restaurant chain in the world – McDonalds Corp. – reported that October same-store sales surpassed analysts forecasts in a sign its turnaround strategy is proving to be successful. According to the companys statement, global sales at stores open for more than a year declined by 0.5%. This result was better than the previously […]
Read moreNovember 11, 2014 8:11 am
Google Inc. has reached an agreement with NASA for a $1.2-billion lease of its Moffett Field airfield located in California over sixty years. The transaction is considered as part of the companys strategy to invest in new technologies like aviation and robotics. The vice president of real estate and workplace services at Google – Mr. […]
Read moreNovember 10, 2014 3:49 pm
Samsung Electronics Co., the biggest smartphone manufacturer in the world, is nearing approval for its second plant in Thai Nguyen province and said it would invest as much as $3 billion in the project in an effort to expand its handset facilities in Vietnam and turn the country in one of its manufacturing centers. The […]
Read moreNovember 10, 2014 2:55 pm
Toll Brothers Inc, the largest U.S. luxury home builder reported a jump in profit, boosted by higher prices and strong performance by its West Coast division. The company reported a 29% increase in revenue for the fourth and final quarter of this business year to $1.35 billion versus 2013s Q4 revenue of $1.04 billion. The […]
Read moreNovember 10, 2014 2:03 pm
Lonmin PLCs CEO said the company does not need to raise additional funds this year as it reported a 37% decline in revenue, a result of a five-month strike. “We see no need at this juncture, given what we know, we have sufficient bank facilities” CEO Ben Magara said on a conference call, pointing towards […]
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