October 17, 2014 1:03 pm
Airbus Group NV said it will cut production of its A330 twin-engine jet in 2015 in an indication that demand for the long-range plane is insufficient to sustain its current construction rate. On Friday the Toulouse-based company said it will reduce the build-rate of its A330 model to nine per month in the fourth quarter […]
Read moreOctober 17, 2014 12:57 pm
Google Inc. made an official statement in regard to its results in the third quarter of the fiscal year. The companys profit and revenue came short of initial forecasts by experts at a time when the U.S.-based search provider is trying to bring a new life to its advertising sales. According to the statement, Googles […]
Read moreOctober 17, 2014 11:36 am
Rolls-Royce Holdings Plc made an official statement today that it has reduced its full-year sales projection. The company expects its revenue to decline instead of staying unchanged due to delayed customers orders and the trade sanctions imposed on Russia. The Chief Executive Officer of the U.K.-based engine manufacturer, Mr. John Rishton, said in the statement, […]
Read moreOctober 17, 2014 11:17 am
On Thursday Indias largest IT group by capitalization announced an increase in net profits below analysts projection, which caused a sharp drop in shares. “The expectations from Tata Consultancy were very high after Infosys posted strong numbers, so the company missing estimates has come as a disappointment,” said Sarabjit Kour Nangra, vice president of research […]
Read moreOctober 17, 2014 9:39 am
The shares of Chesapeake Energy Corp. increased the most in more than half a decade after the company revealed that it intends to dispose of its natural gas and oil shale fields by selling them to Southwestern Energy Co. The deal is estimated to $5.4 billion and is considered the largest divestment of the company. […]
Read moreOctober 17, 2014 9:25 am
Advanced Micro Devices Inc. announced layoffs with the new CEO wasting little time to cut expenses as the chipmaker struggles to expand beyond its core personal computer market. The Sunnyvale, California-based company announced on Thursday a 7% employee trim, a week after Lisa Su, Chief Operating Officer, took Rory Reads place as Chief Executive, a […]
Read moreOctober 17, 2014 8:14 am
Apple Inc. revealed its upgraded iPads and Macintosh computers at an event in its headquarters. This move by the company highlights the fact that its Chief Executive Officer, Mr. Tim Cook, is ready for the holiday season with a full range of new products in order to attract more customers. J.P. Gouwnder, an analyst at […]
Read moreOctober 17, 2014 7:46 am
On Thursday Goldman Sachs Group Inc reported a 48% increase in net income in Q3 and raised its quarterly dividends by five cents up to 60. The results easily beat the projection of analysts pooled by Bloomberg, which reflected in $3.21 per-share earnings on revenue of $7.85 billion. In reality revenue increased 25% up to […]
Read moreOctober 16, 2014 2:17 pm
On Thursday British Sky Broadcasting Group Plc reported growth, both in profit and in customer demand in Q1, as more consumers signed up to download or view digital media onto their mobile devices. Britains biggest paid-TV service reported revenue of £1.926 billion in the three months ended September 30, a 6% increase compared to last […]
Read moreOctober 16, 2014 1:56 pm
The biggest contract chips maker by revenue in the world – Taiwan Semiconductor Manufacturing Co. Ltd revealed that its net profit over the quarter ended September 30th amounted to TW$76.36 billion ($2.51 billion). The result was a 47% increase compared to the net profit of TW$51.95 billion, reported a year ago. The company also stated […]
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