October 23, 2014 3:06 pm
Comcast Corp. reported on Thursday an increase in revenue and income during the recent quarter as more people signed up for its services. The U.S. cable company reported better-than-expected earnings in the third quarter, marking a record performance for the last five years, as it expanded its customer base with 315 000 new subscribers to […]
Read moreOctober 23, 2014 2:01 pm
General Motors Co. made an official statement today that its third-quarter profit increased by 1%, only a month after its Chief Executive Officer, Mary Barra, said the companys investors are putting her under pressure to boost performance. The Chief Financial Officer of the company, Chuck Stevens, said in a news release, cited by the Wall […]
Read moreOctober 23, 2014 1:34 pm
Raytheon Co. raised its yearly target and released forecast-beating results during the recent quarter after successfully trimming costs to maintain profitability. The worlds largest missile maker reported net profit of $519 million in the third quarter, compared to $493 million a year earlier. Earnings per share rose to $1.66 compared to $1.52 year-to-year and analysts […]
Read moreOctober 23, 2014 1:09 pm
Publicis Groupe SA reduced its annual sales projection after the revenue it reported over the third quarter missed analysts forecasts, as the company has been facing difficulties due to a failed merger with Omnicom Group Inc. The companys Chief Executive Officer, Maurice Levy, said in an interview for the Wall Street Journal: “Performances don’t live […]
Read moreOctober 23, 2014 12:09 pm
AT&T Inc. reported an increase in revenue, but still under Wall Streets expectations, while cutting sales projections for the year. The company reported sales during Q3 increased to $32.96 billion, compared to analysts estimate of $33.21 billion. Net income fell from $3.81 billion last year, or $0.72 per share, to $3 billion, or $0.58 per […]
Read moreOctober 23, 2014 9:56 am
Nokia made an official statement today that its earnings over the third quarter of the fiscal year rose due to the increasing network spending by the phone carriers located in the U.S. and China. According to the companys statement, Nokias profit excluding some items over the third three months of the year, increased from 6 […]
Read moreOctober 23, 2014 9:48 am
On Thursday Tesco said its chairman would step down, as it confirmed that first-half pre-tax profit had been exaggerated by £263m due to accounting irregularities, which had gone back further than expected. Richard Broadbent, chairman since 2011, said he would step down when managements transition is complete and business plans are in place. “It will […]
Read moreOctober 23, 2014 9:06 am
The third-biggest luxury vehicles manufacturer in the world – Daimler AG – made an official statement today that its profit over the third quarter of the current fiscal year increased by 21% due to larger deliveries of its Mercedes-Benz S-Class line. The Chief Executive Officer of the company, Dieter Zetsche, said in the statement, cited […]
Read moreOctober 23, 2014 8:01 am
Lloyds Banking Group Plc. is set to announce a 10% headcount reduction next week as part of a three-year strategy to reduce expenses and focus on its online presence. Britain’s largest mortgage provider is expected to unveil a plan to let go of around 9 000 people of its staff, as it reports third-quarter results […]
Read moreOctober 23, 2014 7:00 am
Twitter Inc. is seeking a way to reach beyond its core messaging application and invests in a series of acquisitions in order to become more competitive against its biggest rivals Google Inc., Apple Inc. and Facebook Inc. The company is also trying to get into China, where its microblogging service is banned by the government. […]
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