July 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, […]
Read moreJuly 24, 2014 11:59 am
The largest cancer drug manufacturer in the world – Roche Holding AG made an official statement today, revealing that its profit over the first fiscal quarter declined by 7% as the strength of the Swiss franc that offset the companys new drugs rising sales. According to the statement of Roche Holding AG, the companys net […]
Read moreJuly 24, 2014 9:35 am
Nokia announced improving results from the second fiscal quarter and increased its full-year profitability projection, with China networking contracts leading the rally and cost-reduction efforts paying off. According to the statement of Nokia, its net profit over the second three months was reported at €2.51 billion ($3.38 billion) compared to the €226 million loss posted […]
Read moreJuly 24, 2014 8:40 am
AT&T Inc., the second-biggest wireless carrier in the U.S., made an official statement yesterday, posting a 7.2% drop in the second-quarter net income. The companys profit fell short of analysts projections as more clients preferred to pay for devices with instalment plans, which resulted in decreasing the companys profit. The Chief Executive Officer of the […]
Read moreJuly 24, 2014 7:52 am
Qualcomm Inc. posted a projection for its profit over the fourth quarter of the current fiscal year, that fell short of analysts forecasts, as the company faced challenging conditions for its technology-licensing business located in China. The company, which is currently the largest mobile-phone chips manufacturer, shared that its net income over the quarter ending […]
Read moreJuly 24, 2014 7:35 am
The biggest social network in the world – Facebook Inc., announced that it more than doubled its earnings over the second financial quarter, with sizable gains for mobile ads. Mark Zuckerberg, CEO of Facebook, commented on the performance of Facebook Inc. on a conference call with analysts: “This is a good quarter for us… [There […]
Read moreJuly 23, 2014 2:28 pm
Boeing Co., made an official statement today, posting its second-quarter results, that surpassed analysts expectations. The company, which is currently the largest plane manufacturer in the world, also raised its full-year profit projection. Boeing Co. made a statement today, saying that it expects its full-year earnings excluding some pension costs to be between 7.90 and […]
Read moreJuly 23, 2014 1:27 pm
Deutsche Bank AG became the latest foreign bank to come under scrutiny in the US, after a letter from December emerged, showing the New York Fed expressed concern with the banks regulatory reporting. “The size and breadth of errors strongly suggest that the firm’s entire U.S. regulatory reporting structure requires wide-ranging remedial action,” Daniel Muccia, […]
Read moreJuly 23, 2014 1:03 pm
PepsiCo Inc. made a statement today, posting a slight increase in its earnings during the second quarter of the current fiscal year as the company managed to increase its snacks and beverages businesses volumes by 1%. The companys quarterly earnings report was posted only a day after its major competitor Coca-Cola Co. reported a 3% […]
Read moreJuly 23, 2014 11:44 am
Daimler AG, the worlds third-largest luxury vehicles manufacturer, made an official statement today, reporting that its profit over the second fiscal quarter increased by 12%, as its Mercedes-Benz S-Class sedans sales doubled over the period, while it also managed to reduce its expenses. Mr. Dieter Zetsche, who is the Chief Executive Officer of the company, […]
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