August 4, 2014 11:25 am
KKR & Co. and Rhone Capital LLC increased their bid for Treasury Wine Estates (TWE) Ltd by 11% to 3.4 billion Australian dollars (3.2 billion dollars). TWE, which is the worlds second-largest listed winemaker, rejected the previous offer of the two American US equity private funds. Treasury Wine Estates Ltd made an official statement today, […]
Read moreAugust 4, 2014 9:33 am
The central bank of Portugal was reported to have taken control of Banco Espirito Santo SA, which used to be the biggest bank by market value in the country. Banco Espirito Santo SA has been divided into “good” and “bad” banks as part of a bailout that will cost 4.9 billion euros (6.6 billion dollars). […]
Read moreAugust 4, 2014 7:55 am
Daimler AG announced that it intends to reduce the prices of spare parts of its Mercedes-Benz vehicles in China by about 15% next month, as a government investigation is under way in China, over allegedly manipulated prices by foreign auto manufacturers. Daimler AG made an official e-mailed statement and explained that the price reductions are […]
Read moreAugust 3, 2014 10:36 am
Shares in the United Kingdom marked the most considerable daily loss since early July on Friday, as a number of commodity-producing companies dropped, following a downbeat manufacturing data released out of China. The FTSE 100 Index fell 0.76%, or 50.93 points, to close at 6,679.18 in London. This has been the largest daily loss since […]
Read moreAugust 2, 2014 7:25 am
Procter & Gamble Co., the worlds largest consumer-products company, announced it is going to let go of at least half its brands, in a bid to improve profitability by focusing on its core, better-selling brands. “We’re going to create a faster-growing, more profitable company that is far simpler to manage and operate,” Chief Executive A.G. […]
Read moreAugust 1, 2014 1:57 pm
Chrysler Group LLC, wholly owned by Fiat SpA, reported on Friday that its US sales surged by 20% in July from a year earlier as its Jeep brand posted a whopping 41% surge in sales, compared to the companys projections of an 8% average growth for the industry. Although analysts had expected a 25.5% jump […]
Read moreAugust 1, 2014 12:52 pm
Sharp Corp, Japans largest LCD screen manufacturer, reported earnings today, revealing an increase in both revenue and operating profit, and trimming quarterly net losses. The Osaka-based company still expects a sizable profit through years end, on the back of booming sales to Chinese manufacturers. Revenue for the three months through June 30 was ¥619.7 billion […]
Read moreAugust 1, 2014 12:15 pm
GoPro Inc., in its first earnings report after going public in June, reported a larger than expected quarterly loss, that sent the shares as much as 13% down in after-hours trading on Thursday. The US company, which produces wearable high-definition cameras used primarily by extreme sports enthusiasts, reported a second quarter net loss of 19.8 […]
Read moreAugust 1, 2014 12:13 pm
LinkedIns shares surged more than 7% in extended trading in New York on Thursday as the professional social network announced growth picked up in the three months through June after five quarters of slowing sales and predicted better-than-expected performance in the third quarter. The company announced on Thursday that Chief Executive Officer Jeff Weiners measures […]
Read moreAugust 1, 2014 10:54 am
International Consolidated Airlines Group SA (IAG), owner of British Airways and Iberia, posted robust earnings today, with increasing revenues and profit. The company restated a positive profit guidance and announced plans to further restructure Iberia. The company reported revenue of €5.1 billion in the three months to end-June, 6.7% higher than a year ago, as […]
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