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Friday, April 24, 2015
Google launching own mobile wireless service
Google said Wednesday it was launching its own U.S. mobile wireless service, with considerable potential savings for customers using their devices at home and for international travel.
South Korea's top automaker, Hyundai Motor, Thursday reported its fifth consecutive drop in quarterly earnings after a slump in emerging market currencies slashed profits in the first three months of the year.
Thursday, April 23, 2015
Brazil's Petrobras: Graft scheme cost US$2.1B in losses
Brazil's state-run oil company Petrobras said Wednesday that it lost US$2.1 billion in an eight-year kickback scheme that saw the firm's executives taking bribes for awarding inflated contracts to suppliers.
Yahoo quarterly profit slides but revenue up
Yahoo reported Tuesday a 93-percent slide in quarterly profit from a year ago, while revenues rose modestly in disappointing quarterly results for the struggling Internet pioneer.
Mining giant BHP Billiton Wednesday said total iron ore production for the nine months to March jumped to a new high as prices remained near a decade-low, but deferred a project to boost output of the commodity to save costs.
Tesco, the United Kingdom's biggest retailer, posted a record full-year loss of 5.7 billion pounds (NT$263.94 billion; US$8.5 billion) Wednesday as deteriorating market conditions forced it to write down the value of supermarkets and other assets.
Teva offers to buy Mylan in US$40.1 bil. deal
Generic U.S. drug giant Teva formally offered to buy fellow drugmaker Mylan for about US$40.1 billion (NT$1.25 trillion) in cash and stock on Tuesday, despite Mylan's cold shoulder and the certainty the proposed acquisition will bring intense scrutiny by antitrust regulators.
Amgen Inc. boosted its first-quarter profit by 51 percent, thanks to surging drug sales and ongoing cost cuts designed to free up cash for an unprecedented burst of new product launches.
Wednesday, April 22, 2015
McDonald's sales have been sputtering for more than two years and the company seems trapped in a cycle of bad headlines that likely won't end soon.
Bird flu outbreak will hurt turkey sales: Hormel
Hormel says it will sell less turkey this year because of a spreading bird flu outbreak.
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