February 28, 2014 12:27 pm
International Consolidated Airlines Group SA made an official statement today, revealing a 2013 operating profit before one-time items, which is estimated to 770 million euros (1.1 billion dollars). The upbeat result is based on an income boost at the companys business in the U.K., as well as a successful recovery plan that was used by […]
Read moreFebruary 28, 2014 10:27 am
Bayer AG posted its profit for the fourth quarter of 2013, which increased by 24% and reached 455 million euros but was still well bellow analysts estimates of an average 626 million euros. As reported by the Wall Street Journal, the increase was partly due to litigation expenses during 2012s last quarter. The adjusted profit […]
Read moreFebruary 28, 2014 9:11 am
This week Vivendi SA announced that investment firm Altice, which is currently the largest shareholder of the cable company Numericable Group SA had contacted it in reference to its mobile unit SFR. SFR is considered as the second-largest operator by subscribers in France. People with knowledge of the matter reported that the unit in question […]
Read moreFebruary 28, 2014 8:45 am
The shares of Tesla Motors Inc., which is a designer, developer, manufacturer and seller of electric vehicles and advanced electric vehicle powertrain components, increased by almost 70% in 2014 and marked a 619%-jump over the last 12 months. The company raised 2 billion dollars from the largest convertible bond sale in the U.S. in more […]
Read moreFebruary 27, 2014 2:16 pm
TiVo Inc., which develops and provides software and technology for advanced television services for set-top boxes, tablets, smartphones, and other consumer electronics, announced that its net income for the fourth quarter of 2013 was 710,000 dollars as a record 313,000 new cable-TV subscribers were added to its services. TiVo Inc., which is based in San […]
Read moreFebruary 27, 2014 1:04 pm
Royal Bank of Scotland Group Plc posted its biggest full-year loss since its bailout, marking the companys sixth straight year in the red. As reported by Bloomberg, Ross McEwan, RBSs Chief Executive Officer, is making plans to make the lender once again profitable. Royal Bank of Scotland Group Plc made an official statement, revealing that […]
Read moreFebruary 27, 2014 12:35 pm
The largest phone company in Spain – Telefonica SA posted a profit for the fourth quarter of 2013, which exceeded analysts estimates. The company is currently trying to reduce its costs in Europe in order to deal with revenue decline. Telefonicas incomes increase was said to be due to the fact there werent large write-downs […]
Read moreFebruary 27, 2014 9:33 am
Allianz SE, which provides financial solutions, insurance services, risk consulting and public investment funds through its segments and subsidiaries, is currently considered as the largest insurer by market value in Europe. The company officially announced that it plans to boost its dividend as its income for the fourth quarter of 2013 increased by 1%, missing […]
Read moreFebruary 27, 2014 9:04 am
The largest airline in Australia – Qantas Airways Ltd said that 5,000 jobs, or about 15% of its workforce, are to be cut by 2017 after reporting serious financial losses, which are estimated to 252 million Australian dollars (226 million dollars) for the six months from July to December 2013. The company made an official […]
Read moreFebruary 26, 2014 3:18 pm
Currently the chip manufacturer STMicroelectronics NV gains about a quarter of its sales in Europe. The company announced that most customers in the region are starting to expect improvement in the economy after months of gloomy prospects. The head of STMicroelectronics NV in Europe, Africa and the Middle-East – Mr. Paul Grimme – said in […]
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