October 14, 2014 3:07 pm
Dominos Pizza Inc reported on Tuesday that Q3 profit surpassed Wall Streets estimates, another better-than-expected performance, thanks to strong sales overseas and on home turf in the US, where competitors struggle. For the quarter ended September 7th, the second-largest U.S. pizza chain by store count reported a $35.6 million net income, or 63 cents per […]
Read moreOctober 14, 2014 2:26 pm
Daimler AG made an official statement today that cash flow from its industrial operations increased by about 80% over the third quarter in the fiscal year, as its Mercedes-Benz Cars division posted larger earnings. Frank Biller, an analyst at LBBW, commented for Bloomberg: “The results are significantly better than expected. This shows that fears of […]
Read moreOctober 14, 2014 1:07 pm
JPMorgan Chase and Co released its results several hours earlier than expected on Tuesday, reporting a third-quarter profit, compared to a loss a year earlier. The bank announced net income of $5.57 billion, or $1.36 per share, an improvement from last year, when the company was $380 million below the zero mark. Still the company […]
Read moreOctober 14, 2014 12:35 pm
SABMiller Plc reported a fall in sales in China and Australia, causing overall deliveries to jump by 5% in the first fiscal half ended September 30th, trailing forecasts for 5.5%. The producer of Miller Lite, Grolsch and Peroni said that volume of beer fell 1% during the six months ending September, including a 3% decrease […]
Read moreOctober 14, 2014 12:13 pm
Google Inc. said in a blog post that it expanded its online shopping and delivery services to more cities in the U.S., including Boston, Washington D.C. and Chicago in an attempt to pose a challenge to its major competitor Amazon.com Inc. in order to lure customers. As reported by the Wall Street Journal, Vice President […]
Read moreOctober 14, 2014 9:36 am
Lithia Motors Inc reported on Monday that Q3 earnings are expected to be below the previous forecast, but still higher compared to last year, and also tuned down its Q4 and full-year estimates. The U.S. car retailer said that it would not hit its Q3 target and has adjusted its net income from continuing operations […]
Read moreOctober 14, 2014 9:23 am
The U.K.-based luxury brand Burberry Group Plc reported in a statement that there was a slowdown in its sales growth over the second fiscal quarter amid decreased demand by Chinese customers. According to Burberrys statement, its total underlying sales in the quarter ended on September 30th, increased by 14% and reached £1.1 billion ($1.8 million) […]
Read moreOctober 14, 2014 8:30 am
The leasing unit of General Electric Co., said in a statement that it reached an agreement over the acquisition of the biggest helicopter leasing company in the world, Milestone Aviation Group, in a deal estimated to $1.78 billion. GE Capital Aviation Services revealed that under the terms of the deal 168 helicopters, which are worth […]
Read moreOctober 14, 2014 8:09 am
J.C. Penney Co Inc named on Monday Marvin Ellison as its next CEO after an 18-month search, in an attempt to turn the companys losing course around. Mr. Ellison, currently CEO of Home Depot Inc, will join the company in November as a board member and later, in August will take over as CEO, succeeding […]
Read moreOctober 14, 2014 6:35 am
Iliad SA said in an official statement that it dismissed plans to purchase a majority stake in T-Mobile U.S. Inc. after a larger acquisition offer was turned down by its parent Deutsche Telekom AG. After the previous acquisition offer of Iliad was turned down, it shared in a statement that the bid had been based […]
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