November 5, 2014 2:15 pm
BHP Billiton Plc intends to export condensate from the US, which will make it the first company to ship the fuel to overseas markets without getting an express permission from federal regulatory authorities. A person with knowledge of the trade, who asked not to be named because the information is still private, reported that BHP […]
Read moreNovember 5, 2014 12:07 pm
Activision Blizzard Inc, the largest U.S. video-game maker, raised its full year profit forecast after it surpassed third-quarter estimates due to strong sales of Destiny and growth in its console business. The Santa Monica, California-based company reported a record non-GAAP net revenue of $1.71 billion or $0.23 earnings per share in the recent quarter, compared […]
Read moreNovember 5, 2014 10:39 am
Alstom SA said that its expects full-year sales to increase after a record order intake. According to the companys statement, Alstom projects its sales to increase at a “high single digit” rate while its operating profit margin is likely to exceed 5%. The companys forecast excludes the energy-equipment assets, which Alstom is currently selling to […]
Read moreNovember 5, 2014 9:10 am
The largest auto manufacturer in Japan – Toyota Motor Corp. said in an official statement that it expects a record profit for a second year in a row. The companys upbeat performance is considered to be largely based on a weaker yen which boosted the value of the Lexus luxury models and SUVs sold outside […]
Read moreNovember 4, 2014 4:13 pm
Alibaba Group Holding Ltd reported second-quarter results above analysts expectations due to strong growth in its e-commerce operations. In its first report to investors, after the all-time-record $25-billion listing in September, the Chinese behemoth stated a 53.7% increase in sales to RMB 16.83 billion in the three months ended September 30th, compared to RMB 10.95 […]
Read moreNovember 4, 2014 2:29 pm
Hugo Boss AG warned that its full-year sales and operating profit will be lower than expected due to “substantial slowdown” in industry growth in Europe. The German luxury fashion house said it expects revenue to grow between 6% and 8% on a currency-adjusted basis this year, lower than its previous projection of a high single-digit […]
Read moreNovember 4, 2014 2:20 pm
Bayerische Motoren Werke AG kept its leadership position in the luxury vehicles segment in the third quarter but failed to match the sales growth of Audi and Mercedes-Benz. According to the companys statement, BMWs auto deliveries increased by an annualized 5.8% and reached 509 669 vehicles over the third fiscal quarter, including the Mini and […]
Read moreNovember 4, 2014 1:13 pm
Nissan Motor Co Ltd stated an increase in Q2 profit and overtook analysts expectations amid record sales in the United States which made up for slowing operations in China. Nissan reported a slight increase in operating profit of ¥139.34 billion for the second business quarter, compared to last years result of ¥113.8 billion, beating the […]
Read moreNovember 4, 2014 10:07 am
Japan-based wireless carrier SoftBank Corp. cut its full-year profit projection due to increasing losses at its Sprint Corp. subsidiary in the U.S. SoftBank cut its full-year profit forecast by 10%, saying in its statement that its operating profit is expected to be about ¥900 billion ($7.9 billion) for the fiscal year ending March 2015. In […]
Read moreNovember 4, 2014 8:29 am
Apple Inc. is considering its first bond sale in euros at a time when the U.S.-based company is trying to finance another round of shareholder rewards. According to a person with knowledge of the situation, the iPhone manufacturer had a meeting with its investors on Monday, where bond issuance was discussed. The person also reported […]
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