October 20, 2014 2:48 pm
Valeant Pharmaceuticals International Inc. posted third-quarter earnings, which were better than initially expected and also upgraded its full-year earnings projection. Valeant said in its statement that the results during the quarter reflected the “true strength” of its business. The companys Chief Executive Officer, J. Michael Pearson, said in a news release today, cited by the […]
Read moreOctober 20, 2014 2:00 pm
The largest manufacturer of home appliances in Europe, Electrolux AB, made an official statement today, that its earnings rose for a third consecutive quarter due to a cut in expenses and the release of more profitable products on the market. The Chief Executive Officer of the company, Keith McLoughlin, said in a statement, cited by […]
Read moreOctober 20, 2014 12:53 pm
A group of investors including Hong Kong-based Jynwel Capital and funds related to the Abu Dhabi government has made an offer to buy Adidas AGs Reebok unit. Jynwel Capital, owned by Jho Low, and funds connected to the government of Abu Dhabi planned to send a letter to Adidas directors including an offer to purchase […]
Read moreOctober 20, 2014 11:04 am
The second-largest airline on the territory of Europe – Deutsche Lufthansa AG revealed that the series of strikes, which have been the longest in its entire history, will result in cancellations of more than 2 000 flights over the next two days. A spokesman of the pilot union, Joerg Handwerk, said in a telephone interview, […]
Read moreOctober 20, 2014 9:37 am
On Monday Australias Transfield said it had received a takeover bid from Spanish infrastructure group Ferrovial. The Spanish group has offered A$1.95 per share for the Australian company, valuing it at A$1 billion. Transfield management advised shareholders to restrain from action regarding the offer from Ferrovial. Chairman of the Sydney-based company, Diane Smith-Gander said: “The […]
Read moreOctober 20, 2014 8:51 am
Philips Electronics made an official statement in regard to its third-quarter results. The companys earnings over the period came short of initial analysts forecasts due to unfavorable exchange rates and decreasing demand in China and the Russian Federation. The Chief Executive Officer of the company, Mr. Frans Van Houten, said in Philips statement, cited by […]
Read moreOctober 20, 2014 8:18 am
Several people with knowledge of the matter reported that International Business Machines Corp. reached an agreement to pay a total of $1.5 billion to Globalfoundries for the acquisition of its semiconductor business. The deal between the two companies is expected to be officially announced in the U.S. early on Monday. IBM also hinted about the […]
Read moreOctober 20, 2014 7:57 am
On Monday SAP SE cut down its yearly earnings forecast and reported an increase in Q3 net profit as more customers preferred purchasing products online rather than in conventional packages. The worlds largest supplier of software business solutions predicted yearly operating profit for 2014 to be in the range of €5.6 billion to €5.8 billion. […]
Read moreOctober 19, 2014 9:02 am
General Electric Co. reported its third-quarter results surpassed analysts initial estimates as margins in its industrial unit were boosted by Chief Executive Officer Jeffrey Immelts cost reduction efforts. The company said in its statement, which was cited by Bloomberg: “GE continues to make good progress with its simplification goals. The company is on track to […]
Read moreOctober 18, 2014 8:47 am
UnitedHealth Group Inc., the biggest US health insurance company by sales, said third-quarter profit topped analysts estimates as more consumers chose to sign up for Medicaid under Obamacare. The Minnesota-based company said third-quarter revenue grew 7%, up to $32 billion year-to-year. Net income also rose 7% to $1.63 per share, surpassing predictions of $1.53 earnings […]
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