May 7, 2014 10:03 am
Nintendo Co., the world’s largest maker of video-game machines, posted a net loss in the quarter ended March, but projected profit exceeding analysts estimates for the financial year through March 2015. Nintendo reported a net loss of of 33.4 billion yen in the three months ended March, trailing analysts average projections for a 27.9-billion-yen loss. […]
Read moreMay 7, 2014 8:46 am
Carlsberg A/S, the worlds fourth-largest brewer, reported a weaker-than-expected first-quarter and lowered its 2014 profit projections, as well as demand outlook in its biggest market. Carlsberg swung to first-quarter net loss and trimmed its 2014 profit target as growing macro uncertainty in Russia, which accounts for 40% of the companys sales, and a weaker rouble […]
Read moreMay 7, 2014 7:45 am
Fiat SpA revealed at a 10-hour presentation on Tuesday its long-awaited business plan which should boost the automakers sales by 2 million vehicles annually through 2018 and reduce its debt by 90%. Sergio Marchionne, Fiats chief executive officer, outlined at a conference at the Chrysler division’s headquarters in Auburn Hills, Michigan, that the Italian-American car […]
Read moreMay 6, 2014 9:11 am
Adidas AG, the worlds second-largest sporting-goods maker, reported that first-quarter net profit declined and missed analysts estimates due to currency effects and double-digit revenue decline at its TaylorMade-Adidas Golf business. The Herzogenaurach, Germany-based clothing company announced that net profit fell by 34% to 204 million euros in the first three months of the financial year, […]
Read moreMay 5, 2014 9:44 am
SAP AG, the worlds largest vendor of analytic and business intelligence software, announced the unexpected departure of board member Vishal Sikka, head of products and innovation, who was a key figure in the companys technical overhaul and the developing of SAPs flagship product, the Hana platform. Mr. Sikka announced his sudden departure from SAPs executive […]
Read moreMay 4, 2014 8:31 am
AstraZeneca Plc made an official statement on Friday, saying that it rejected the increased bid of Pfizer Inc. Pfizer Inc. made an acquisition proposal, which amounted to 63.1 billion pounds (106.5 billion dollars) but was denied because in AstraZeneca’s opinion Pfizer hadnt taken into account the promising perspectives of its drugs under development. Mr Leif […]
Read moreMay 3, 2014 7:07 am
The biggest state-owned lender in the U.K. – Royal Bank of Scotland Group Plc made a statement revealing record results for the first quarter. The Group announced that its profit for the first financial quarter jumped threefold and reached 1.2 billion pounds (2 billion dollars) due to narrowed expenses and bad loans reduction. This result […]
Read moreMay 2, 2014 11:28 am
LinkedIn Corp. made an official statement, saying that it expects its revenue for the second quarter to be between 500 and 505 million dollars, which is lower than the analysts’ estimates of 505.5 million dollars. As reported by the Financial Times, the Chief Executive Officer of the company – Mr. Jeff Weiner commented on LinkedIn’s […]
Read moreMay 2, 2014 9:22 am
The second-largest car maker in the U.S. – Ford Motor Co. appointed Mr. Mark Fields as a successor of the companys former Chief Executive Officer Mr. Alan Mulally. Now Mr. Mulally leaves the vehicle manufacturer in a considerably better condition than the one he inherited when taking the helm in 2006. The CEO position will […]
Read moreMay 2, 2014 8:33 am
Pfizer Inc. made an official statement, revealing that it increased its offer for the second-largest drug manufacturer in the U.K. – AstraZeneca Plc to about 63.1 billion pounds (106.5 billion dollars) in an attempt to lure the latter with the idea of negotiations. Pfizer Inc. said in its statement, which was cited by Bloomberg: “Pfizer […]
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