February 26, 2014 1:26 pm
Lowes Companies Inc., which is currently the second-largest home-improvement chain in the U.S., announced that its profit in the fourth quarter increased by 6.3% as the US housing market recovery boosted renovation spending. In addition, a buy-back plan for 5 billion dollars in shares was presented by the company. Lowes Companies Inc. made an official […]
Read moreFebruary 26, 2014 12:31 pm
Permanently cheaper prices on some items will be offered by Tesco Plc, which is currently the largest retailer in the U.K. The company is trying to replace overly complex promotions in order to stabilize sales and increase its constantly declining market share. According to the researcher Kantar Worldpanel, Tescos market share has decreased to 29.2% […]
Read moreFebruary 26, 2014 10:44 am
Airbus Group NV announced that its profit increased by 21% in 2013 and forecast earnings growth in 2014 as its aircraft division is working on expanding the production of the companys best-selling single-aisle planes. Airbus Group NV made a statement today, revealing that its earnings before interest, tax and one-time items jumped to 3.6 billion […]
Read moreFebruary 26, 2014 9:18 am
The number of employees working for the information technology company International Business Machines Corp. has declined for the first time in ten years due to the fact that the company, which is currently known as the largest computer-services provider in the world, has cut its costs in order to meet its income goals. According to […]
Read moreFebruary 26, 2014 8:25 am
T-Mobile US Inc., which currently is the fourth-largest wireless carrier in the U.S., posted a net loss for a third straight quarter. The unsatisfactory result was based on the fact that subscriber gains, which are driven by the companys cheaper service plans, ended up generating higher costs for T-Mobile. T-Mobile US Inc. made an official […]
Read moreFebruary 25, 2014 2:40 pm
LinkedIn Corp. is reported to be establishing a Chinese-language website which is expected to restrict some content in order to meet the countrys censorship rules. The company is trying to expand its reach in China, where most U.S. technology companies have had controversies and disagreements with the government. The President of LinkedIn Corp. in China […]
Read moreFebruary 25, 2014 12:39 pm
Samsung Electronics Co. revealed a Galaxy S5 smartphone, which is provided with a fingerprint reader and a larger screen than the current model. The company is trying to engage the attention of its high-end customers in order to keep them away from its biggest competitor Apple Inc. and its iPhones. According to Min Cho, who […]
Read moreFebruary 25, 2014 10:36 am
The Chief Executive Officer of Lenovo Group Ltd. – Mr. Yang Yuanqing – said that the company, which is acquiring Google Inc.s Motorola Mobility unit, plans to make it profitable within four to six quarters without layoffs. Yesterday Chief Executive Officer Yang said in an interview at the Mobile World Congress, which was cited by […]
Read moreFebruary 25, 2014 9:26 am
According to people familiar with the matter, Boeing Co. is currently trying to find buyers for 11 of its earliest 787 Dreamliners, which are estimated to 1.1 billion dollars. The company is making this step after two airlines cancelled their orders for the models remnant jets. The jets are currently partially completed and have been […]
Read moreFebruary 25, 2014 8:22 am
Cisco Systems Inc. managed to raise 8 billion dollars through the worlds largest bond sale in 2014 that was made in order to help the company finance its stock buybacks after shares decreased by almost 6% in a period of six months. According to data compiled by Bloomberg, Cisco issued debt in seven parts with […]
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