|
Archive for August, 2009
Swiss Life is cutting jobs and costs as it looks to bolster its defenses against the financial crisis by boosting sales and margins abroad after reporting first-half profits that beat forecasts.
Switzerland’s largest life insurer said on Wednesday it aimed to cut 520 jobs in Switzerland by 2012 — about 6 percent of its total workforce — and
Show me more… »
Categories: Bank, US Markets, World Economy
No Comments »
Entertainment giant Walt Disney is to buy Marvel Entertainment in a shares and cash deal valued at $4bn (£2.5bn).
The deal means Disney will take over ownership of 5,000 Marvel characters, such as Spider-Man and the X-Men.
Show me more… »
Categories: Money, US Markets
No Comments »
Oilfield services company Baker Hughes said Monday it would buy smaller peer BJ Services for $4.9 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on the industry’s leaders.
It adds BJ’s No. 3 market share in the North American pressure pumping market to Baker Hughes’ portfolio of services.
Show me more… »
Categories: US Markets
No Comments »
California based chip-maker Intel has acquired two software companies during the past one month period.
As per media reports, the chip giant acquired RapidMind and Cilk Arts, both are into the field of multi-core processing. However, the financial details of the acquisitions are yet to be disclosed.
Show me more… »
Categories: Market News, US Markets
No Comments »
In the six months to 30 June, Chinese biggest bank icbc has made a net profit of 66.4bn yuan ($9.7bn; £5.9bn), up 3% from a year ago and ahead of market expectations.
Loans approved by the firm totalled 5.4 trillion yuan
Show me more… »
Categories: Bank, Money
No Comments »
Toyota, the world’s biggest carmaker, is recalling almost 690,000 cars made in China because of faulty electrical window switches.
The recall affects the company’s Camry, Corolla, Vios and Yaris models made at two joint ventures in China – Guangzhou Auto and Tianjin FAW.
Show me more… »
Categories: Market News, World Economy
No Comments »
Cemex SAB de CV announced that it completed a $15 billion refinancing plan with about 75 banks and private placement noteholders. The Mexican cement maker said the refinancing provides for a maturity schedule running through Feb. 2014, paying the London Interbank Offered Rate plus 450 basis
Show me more… »
Categories: Forex, Market News, US Markets
No Comments »
Nordstrom posted a steep decline in quarterly profit Thursday that nevertheless met Wall Street’s expectations, as the upscale department store chain controlled inventory and expenses to offset languishing sales.
The company raised its profit forecast for the fiscal year based on what it called better-than-expected performance in its second quarter.
Show me more… »
Categories: Market News, US Markets
No Comments »
The economy of Hong Kong has emerged from recession, posting growth of 3.3% in the three months from April to June.
The seasonally adjusted figures were better than had been expected and the government has raised its forecast for growth in the whole year.
Show me more… »
Categories: Forex, US Markets, World Economy
No Comments »
BNP Paribas, France’s biggest bank by market capitalisation, posted a 6.6 percent rise in second-quarter net profit as its acquisition of Fortis assets boosted earnings.
Net profit rose to 1.604 billion euros ($2.29 billion), while its gross operating profit rose 44.7 percent from last year to 4.06 billion euros.
BNP Paribas said its acquisition of some of the key assets of struggling
Show me more… »
Categories: Bank, US Markets
No Comments »
|
|
