July 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, […]
Read moreJuly 23, 2014 9:23 am
Microsoft Corp. made an official statement yesterday, revealing that its profit for the fiscal fourth quarter was negatively affected by the acquisition of the mobile unit of Nokia Oyj. However, the company also shared that it benefited from the increasing corporate demand for computers and software delivered online. One of the analysts, who work at […]
Read moreJuly 23, 2014 8:21 am
The Coca-Cola Co. made an official statement yesterday, posting its results for the second fiscal quarter of 2014 that missed analysts estimates due to decreased demand for some of its drinks in North America, such as Diet Coke and juice. One of the analysts, who work at Morgan Stanley – Ms. Dara Mohsenian commented on […]
Read moreJuly 23, 2014 7:49 am
Comcast Corp., the biggest US cable operator by number of subscribers, revealed that its profit grew over the second financial quarter, with its high-speed internet service leading the rally. According to the companys statement, Comcasts adjusted profit excluding gains on sales and acquisition-related items amounted to $1.99 billion, or 75 cents per share, up from […]
Read moreJuly 22, 2014 1:36 pm
The biggest wireless carrier in the U.S. – Verizon Communications Inc. made an official statement today, posting its results over the second financial quarter. The company shared that its profit jumped by 88% over the period, outstripping the median analysts forecast due to improved customers gains. Mr. Lowell McAdam, who is the Chairman and Chief […]
Read moreJuly 22, 2014 12:08 pm
Credit Suisse Group AG announced that it intends to abandon commodities trading because it recently posted its largest quarterly loss since 2008 due to a 2.6-billion-dollar fine that was imposed on the bank as a settlement of a U.S. tax investigation. Credit Suisse Group AG also shared that its net loss over the second financial […]
Read moreJuly 22, 2014 9:46 am
The chip designer ARM Holdings Plc announced that it projects its royalty revenue growth to accelerate again during the second half of the year amid recovery in the smartphone market. The companys shares jumped as much as 5%, marking the biggest intraday advance since April 17. As reported by Reuters, the company said in its […]
Read moreJuly 22, 2014 8:51 am
The board of Time Warner Inc., which last week fended off a $73 billion acquisition offer from 21st Century Fox Inc., reasserted the firm stand against the unwanted takeover bid by changing its bylaws, disallowing shareholders to call special meetings. The companys board has made the decision to block the rule that provided Time Warner […]
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