October 26, 2014 8:35 am
Volvo AB raised its cost-reduction target by 54% and revealed that its adjusted earnings rose thanks to strong demand in North America. According to the companys statement, the reduction in Volvos expenditures by 2015 will be increased to a total SEK10 billion as the truckmaker focuses on cutbacks at its construction-equipment division. It is also […]
Read moreOctober 25, 2014 8:56 am
Ford Motor Co. reported a decrease in earnings, but beat Wall Streets expectations due to strong performance in China. The American automaker stated a third-quarter decrease in net income to $835 million or $0.21 earnings per share, compared to last years $1.27 billion, or $0.31 per share. Excluding one-time items, earnings were $0.24 per share, […]
Read moreOctober 24, 2014 1:05 pm
Spirit Pub Company Plc has rebuffed a takeover approach from C & C Group but gave the Irish drinks maker time to come back with a formal offer. Spirit Pub confirmed that C & C approached them regarding a possible offer. “The board of Spirit has reviewed the proposal and rejected it” the company said […]
Read moreOctober 24, 2014 12:40 pm
The stock of the biggest construction-equipment manufacturer in the world, Caterpillar Inc., rose the most in more than eight months after the companys results during the third fiscal quarter outpaced the analysts profit forecasts. Caterpillar also boosted its full-year earnings projection. The Chief Executive Officer of the company, Doug Oberhelman, said in a conference call, […]
Read moreOctober 24, 2014 11:47 am
Toyota Motor Corp. sold a part of its shares in Tesla Motors Inc., as the Japanese automotive manufacturer bets on fuel cell vehicles. Back in 2010 the worlds biggest vehicle maker spent $50 million for a 3.2% stake in Tesla. Since then its investment has grown to $690 million, according to Bloomberg, and accounted for […]
Read moreOctober 24, 2014 9:58 am
The biggest wireless networks maker in the world, Ericsson, made an official statement today that its sales over the third quarter of the fiscal year rose, which surpassed analysts projections, as phone carriers invested in networks in order to improve their signal. The company said in a statement, cited by Reuters: “We are executing on […]
Read moreOctober 24, 2014 9:18 am
Lazard Ltd., the largest independent investment bank, reported better-than-expected third-quarter profit thanks to the recent jump in M&A activity. The company reported a 44% increase in net income in the quarter ended September 30, as operating revenue from the financial advisory business rose 24% to $248 million. “Lazard should be a direct beneficiary of what […]
Read moreOctober 24, 2014 8:57 am
The biggest software manufacturer in the world, Microsoft Corp., reported that its sales over the past quarter surpassed analysts forecasts due to cloud-computing growth and recovering personal-computer sales. The companys statement comes at a moment when Microsofts Chief Executive Officer Satya Nadella is trying to bring a new life to the U.S.-based company. Daniel Ives, […]
Read moreOctober 24, 2014 8:17 am
Amazon.com Inc. announced its projection regarding sales and profit for the fourth fiscal quarter, which came below initial analysts estimates. The companys forecast also highlighted the limits of its Chief Executive Officer Jeff Bezos strategy to make large investments in order to boost Amazons growth. The Chief Financial Officer of Amazon, Tom Szkutak, commented in […]
Read moreOctober 24, 2014 8:00 am
AMC Networks Inc. purchased a 49.9% stake in BBC America and took operational control, as the companies formed a union to help them in negotiations with pay-TV carriers. In a statement from both companies, they described the $200-million deal as a “long-term creative partnership” which would give them access to more premium content and grow […]
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