October 22, 2014 2:49 pm
The U.S.-based storage computers manufacturer, EMC Corp., reported today on its earnings over the third fiscal quarter, which came below initial analysts forecasts, amid decreasing customer spending on storage. According to the companys statement, EMC profit for the period, excluding some expenses, amounted to 44 cents per share. Its revenue increased by 8.9% to reach […]
Read moreOctober 22, 2014 2:30 pm
GlaxoSmithKline Plc reported third-quarter profit that surpassed analysts projections and unveiled a new cost-saving program and management structure, as sales in the U.S. continue to pull down overall performance. On Wednesday the pharmaceutical giant said in a statement that it will reduce expenses by £1 billion over the next three years, with around 50% delivered […]
Read moreOctober 22, 2014 2:05 pm
Boeing Co. made an official statement today that its earnings rose by 17% over the third quarter due to stable demand for its jetliners. In addition, the U.S.-based company also boosted its full-year profit forecast. According to the statement by Boeing, the company projected that its earnings for 2014, excluding some pension costs, will be […]
Read moreOctober 22, 2014 1:44 pm
Total SA announced that Patrick Pouyanne, head of refining and chemicals, has been appointed as the new CEO of the company, succeeding Christophe de Margerie. On Wednesday the board of directors decided to once again split the roles of chief executive and chairman, which were previously both held by Mr. de Margerie. Thierry Desmares, who […]
Read moreOctober 22, 2014 12:44 pm
Deutsche Lufthansa AG made an official statement today that it intends to sell a stake in its information-technology unit to International Business Machines Corp. Lufthansa agreed to sign a seven-year service contract with IBM in order to cut expenses. The Chief Financial Officer of the company, Simone Menne, took a statement, cited by the Wall […]
Read moreOctober 22, 2014 11:48 am
PSA Peugeot Citroen said cash flow target is within reach two years earlier as strong demand in China contributed to a third-quarter increase of revenue. CFO Jean-Baptiste de Chatillon stated in front of journalists that Peugeot will probably hit positive operational cash flow this year, rather than in 2016 as predicted. He also added that […]
Read moreOctober 22, 2014 9:08 am
Heineken, which rejected to negotiate with SABMiller Plc in September, made an official statement on its results for the third fiscal quarter. It became clear that its sales growth during the period missed initial analysts forecasts. The Chief Executive Officer of the company, Jean-François van Boxmeer, said in a statement, cited by the Wall Street […]
Read moreOctober 22, 2014 8:12 am
Apple Inc. signed an agreement with its sapphire supplier GT Advanced Technologies to keep their previous contract a secret, after the “I” company feared information leaks. On Tuesday, an attorney for the bankrupt GT said the two companies reached an “amicable parting of the ways” pact and as part of the deal Apple has agreed […]
Read moreOctober 22, 2014 7:37 am
The Chief Executive Officer of Yahoo! Inc., Marissa Mayer, defended the turnaround strategy of the company after she was posed a challenge by the activist investor Starboard Value LP. Ms. Mayer started with a report of Yahoos earnings over the third fiscal quarter. Yahoos CEO said in an interview for Bloomberg: “Today was really a […]
Read moreOctober 21, 2014 3:12 pm
The Coca-Cola Co. the worlds largest beverage company unveiled a plan to reduce annual expenses and lowered its previous financial targets after sales missed analysts projection. Coca-Cola reported that revenue decreased to $11.98 billion in the recent quarter, compared to $12 billion last year and the $12.12 billion estimate of analysts polled by Thomson Reuters. […]
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