Friday, October 24, 2014
Big profits from rising SUV and truck sales in North America helped General Motors (GM) nearly double its third-quarter net profit and more than offset its struggles in Europe and South America.
CommonWealth Magazine held the 2014 Most Admired Company awards ceremony on Oct. 22.
Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction.
AT&T said it gained 2 million wireless subscribers in the latest quarter, but most were from cheaper non-phone services such as tablets and Internet-connected cars.
Hyundai Motor Co. said Thursday its profit sank nearly 30 percent for the July-September quarter, hurt by a stronger South Korean currency and weak sales growth in its home market.
Credit Suisse Group has posted a third-quarter profit that is more than double from a year ago, benefiting from cost cutting, emerging markets and services for wealthy clients.
Nokia appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros (US$950 million), from a loss of 91 million euros a year earlier. Sales grew 13 percent.
U.S. healthcare giant Johnson & Johnson on Wednesday said it would spend up to US$200 million to speed up and expand its Ebola vaccine program, with testing slated to begin in January.
Boeing Wednesday raised its full-year profit forecast on strong third-quarter earnings, but investors sold off shares due to concerns about high production costs of its signature 787 Dreamliner aircraft.
Thursday, October 23, 2014
The production of Apple smartphones in the holiday quarter could beat the California-based company's forecast because of strong demand for the new larger-screen iPhone 6 models, according to an analysis by German bank Deutsche Bank AG.