July 26, 2014 6:25 am
Citigroup Inc will pay a record fine to settle charges for failing to protect confidential equity trading data, the U.S. Securities and Exchange Commission announced on Friday, marking the latest regulator crackdown over alleged market violations. LavaFlow Inc., a Citi unit which runs an alternative trading system, was accused of allowing an affiliate to access […]
Read moreJuly 25, 2014 1:33 pm
Royal Bank of Scotland Group Plc, which is currently the largest state-owned bank in the U.K., made an official statement today and announced that its pretax profit over the first six months of the fiscal year almost doubled. The company also revealed that it expects to meet its target of reducing expenses by about 1 […]
Read moreJuly 25, 2014 1:21 pm
Apple Inc. has been in a bull trend since mid-April. On April 23rd, companys earnings report regarding the first quarter of the year was released, outstripping market expectations. On April 24th the huge gap from the open of the trading session led to the acceleration of the uptrend. The latter was confirmed by the perfect […]
Read moreJuly 25, 2014 12:57 pm
British Sky Broadcasting Group Plc made an official statement today, revealing that its full-year revenue increased by 5.5% due to the increased customer demand for the pay-TV providers phone, TV and Internet services. Mr. Jeremy Darroch, who currently occupies the position of Chief Executive Officer, said in the companys statement, which was cited by Bloomberg: […]
Read moreJuly 25, 2014 11:56 am
Vodafone Group Plc, the second-biggest mobile-phone carrier by subscribers in the world, posted an eighth straight service revenue decline but revealed that its struggling markets on the territory of Europe are starting to improve. Mr. Vittorio Colao said in the companys statement, which was cited by Bloomberg: “Our performance is beginning to stabilize quarter-on-quarter in […]
Read moreJuly 25, 2014 9:46 am
Amazon.com Inc., the biggest US online retailer, posted second-quarter figures on Thursday, revealing a net loss after intensive investments hurt margins despite a sizable increase in revenue. The company reported a second-quarter loss of $126 million, which is more than double of Amazons previous estimates. Sales, however, increased by 23% and reached $19.3 billion. The […]
Read moreJuly 25, 2014 9:02 am
The biggest mining machinery manufacturer – Caterpillar Inc. reported its results over the second fiscal quarter and posted a full-year forecast for its sales and earnings. According to the companys statement, Caterpillars profit over the second quarter rose by 4% to 999 million dollars, or 1.57 dollars per share, from 960 million dollars, or 1.45 […]
Read moreJuly 25, 2014 7:38 am
Ford Motor Co. announced that its net income over the second quarter of the current financial year increased by 6% due to record results in North America, strong performance in Asia and a quarterly profit in Europe. In its statement dated July 24th, Ford Motor Co. said that its second-quarter net income jumped to 1.3 […]
Read moreJuly 24, 2014 1:39 pm
The biggest auto manufacturer in South Korea – Hyundai Motor Co. -posted second-quarter figures today, revealing that its profit declined due to the strong performance of the South Korean won that affected the companys earnings generated at overseas markets. According to the companys statement, the net income of Hyundai Motor Co. fell by 6.5% from […]
Read moreJuly 24, 2014 1:08 pm
Detroit-based General Motors Co. posted second-quarter figures today, revealing profit suffered from recall costs, despite limited gains in revenue. The company announced on Wednesday it would recall some 700 000 more vehicles in the US. GM’s revenue climbed to $39.6 billion from $39.1 billion a year ago, while net income was logged at $190 million, […]
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