October 29, 2014 12:38 pm
The biggest airline carrier in Europe, Air France KLM SA, said in a statement today that its third-quarter profit declined after the company was affected by a pilot strike, which lasted for two weeks. The company also stated it may need to increase its savings, because the bookings are still weak. The Chief Financial Officer […]
Read moreOctober 29, 2014 11:09 am
Nintendo Co. reported increased net profit in the six months ended September 30, boosted by a weaker yen and strong sales of iconic video game titles, as the company aims to turn the tide and return to profit in the end of the business year. The Japanese video game maker stated a revenue of ¥171.4 […]
Read moreOctober 29, 2014 10:06 am
The largest bank on the territory of Germany – Deutsche Bank AG reported a loss over the third fiscal quarter. The banks result comes after it set aside €894 million ($1.1 billion) to cover the past misconduct investigations costs. The co-Chief Executives of Deutsche Bank, Jürgen Fitschen and Anshu Jain, said in a statement, cited […]
Read moreOctober 29, 2014 9:31 am
The Chief Executive Officer of Facebook Inc., Mark Zuckerberg, said that the company is to continue to make large investments in new technologies in the upcoming years. The announcement was greeted with caution by some analysts. Mr. Zuckerberg said on a call, cited by Bloomberg: “For the next 10 years, our focus is on driving […]
Read moreOctober 28, 2014 4:06 pm
Lloyds Banking Group Plc. reported an increase in third-quarter profit as it confirmed a cost-cutting plan, two days after it almost failed ECBs stress test. On Tuesday Lloyds stated an underlying profit of £2.16 billion for the three months ended September 30, compared with £1.52 billion last year. Underlying net profit was £693 million, compared […]
Read moreOctober 28, 2014 2:55 pm
The third-biggest auto manufacturer on the territory of Japan, Honda Motor Co., posted its annual profit forecast for the year through in March 2015. The company said its profit is expected to fall by 1.6% to reach ¥565 billion ($5.2 billion). Honda revised down its projection made in April, which forecast a profit of ¥600 […]
Read moreOctober 28, 2014 2:12 pm
The third-biggest oil producer on the territory of Europe, BP Plc, reported a third-quarter profit, that exceeded initial analysts estimates. The result is probably due to the underlying production increase and refining margins improvement. The companys Chief Executive Officer, Bob Dudley, said in BPs statement, cited by Bloomberg: “BP’s operational momentum continues to deliver results.” […]
Read moreOctober 28, 2014 1:59 pm
Standard Chartered Plcs CEO Peter Sands announced $400 million in cost cuts during 2015 as the company reported a decrease in Q3 profit, extending bad performance through the year. Mr. Sands, who has been under heavy fire from investors over the companys poor results, said measures were being taken to get the bank “back to […]
Read moreOctober 28, 2014 12:17 pm
The Japan-based telecommunications company Softbank Corp. revealed in a statement today that it is to make a $627-million investment in the Indian e-retailer Snapdeal.com in order to expand its reach on the constantly growing online market in the country. The company also said that its Internet and Media Inc. business is to invest additional $210 […]
Read moreOctober 28, 2014 11:00 am
Apple Inc CEO Tim Cook said reports of retailers not accepting Apple Pay are not of much concern, as the new technology has already become the largest mobile payment service. Mr. Cook said that there were reports of customers using Apples settling system in CVS Health Corp. and Rite Aid Corp.s stores, although neither of […]
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