Friday, January 30, 2015
Samsung Electronics Co. said its quarterly earnings dropped 27 percent in the fourth quarter as it struggled in its battle of big phones with Apple. But its result still beat forecasts thanks to component businesses that performed better and a modest improvement in high-end handset sales.
Standard & Poor's is close to a US$1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.
U.S. aerospace giant Boeing Wednesday reported higher quarterly profits and forecast another increase in commercial plane deliveries in 2015 thanks to strong demand from airlines.
Deutsche Bank rebounded to make a surprise fourth-quarter profit of 441 million euros (US$498 million) as it saw lower charges for settling accusations of wrongdoing.
After selling its ailing handset unit, Nokia has turned a fourth-quarter net profit of 443 million euros (US$502 million) with sales increasing nearly 10 percent, partly buoyed by strong growth in North America.
LG Electronics Inc. lost money in the fourth quarter due to the closure of its plasma TV operations but its operating income rose thanks to a mobile business recovery.
Fast-food giant McDonald's replaced President and Chief Executive Officer Donald Thompson on Wednesday, after the company turned in another poor quarter of sales and earnings last week.
Thursday, January 29, 2015
Apple's quarterly profit rocketed to a corporate record US$18 billion at the end of last year on booming sales of big-screen iPhone models, especially in China.
South Korea's Samsung Electronics Co. on Wednesday launched its Galaxy Note Edge in Taiwan, which has now become one of the few markets in which the smartphone is being sold.
American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger.