The world’s leading weapon maker Raytheon reports that it exceeded the analysts’ third-quarter earnings expectations even with the bigger-than-forecasted sales drop. With the report of higher earnings also came the company’s announcement of its acquisition of a privately held company is for $400 million which is already in progress. It was mentioned by Raytheon that […]
Nokia Beats Expectations with Higher Q3 Profits
Six months after the network gear maker Nokia sold its struggling mobile phone business to Microsoft for $7.1 billion (5.6 billion euros), it delivered higher than expected third quarter profits of 457 million euros. According to the third quarter results of 2014, Nokia Solutions and Networks show an increase in its profit margin from 11.0% […]
Mercedes-Benz Narrows Gap with Close Rivals in Luxury Cars
Daimler increased sales and revenues for the third quarter on its core Mercedes-Benz Luxury car brand thus narrowing the distance from top German automakers Audi and BMW. The last time that the Stuttgart-based automaker claimed the highest position as the best-selling premium automaker in the world was 10 years ago and now it’s looking to […]
Eli Lilly Hurt by 58% Plunge in Quarterly Earnings
The U.S. drug maker Eli Lilly and Co reports that it suffers from a plunge of 58% of its quarterly earnings which was caused by the special chargers as well as generic competition in the market for its drug for its biggest drugs. As Eli Lilly said in one of its statements, it earned $0.47 […]
Dunkin’ Brands Warns of Weaker Sales on Established Stores
Sales for this year at established shops of Dunkin’ Brands in the U.S. will be weaker than have been earlier forecasted according to a statement from Dunkin’ Brands Group. Battling with tight competition, the Dunkin’ Brands cut back it is 2014 sales forecasts in July while the more expensive milk prices weakened the profits of […]
Credit Suisse Reports Stronger-than-Expected Third Quarter Profits
According to Credit Suisse, it will make more cuts in its investment bank which helped it produce earnings that are more than expected for the latest quarter of the year. The Swiss group’s investment bank just benefited recently from an increase in bond-trading and fees from the Alibaba of China’s multibillion dollar listing. This marks […]
CEO of Union Pacific: Mergers of Major Railroads ‘Don’t Make Sense’
Regulatory hurdles and service issues that major rail unions will create are just the two major reasons why the chief executive of Pacific Corp. says that the idea ‘don’t make sense’. Jack Koraleski, the CEO of the #1 railroad in the U.S. told analysts that the service and regulatory changes add an entire layer of […]
Celgene Reports 37% Jump in Quarterly Profits
The double-digit increase in the sales of the multiple myeloma drug Revlimid of Celgene Corp. contributed to its 37% leap in quarterly profits. Celgene, a biotechnology company based in the U.S. said that it is confident that its recently acquired treatment for Crohn’s disease will help maintain its profitability. According to the RBC Capital Markets […]
American Airlines Records Higher Third Quarter Profits
For the third quarter of the year, American Airlines sees profits rise by 87% because of the plummeting fuel costs. The world’s biggest airline based on passenger traffic earned a third-quarter profit that amounts to $942 million with a combined net income of American and US Airways last year of $505 million. American Airlines and […]
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