In a trading update for first-half 201, epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK says it expects first-half performance to be ahead of market expectations, with revenue approaching £63m, EBITDA (earnings ...
Tags: IQE, Electrical
Apple reported a drop in profits on roughly flat revenue for the April to June quarter, though the results were ahead of analysts’ expectations, providing something of a silver lining for the company. Revenue was $35.3 billion, up 1 ...
Akzo Nobel N.V. reported a four percent decrease in revenues in the second quarter compared with the same period last year. The company reported that this was due to divestments and adverse currencies against a backdrop of continued ...
Tags: Akzonobel, Decorative Paints
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank
Mr. Balvinder Kumar, Development Commissioner (Handlooms), Ministry of Textiles, Government of India inaugurated the Silk Fab exhibition, in the presence of the Guest of Honour, Mr. T.C. A. Ranganathan, Chairman and Managing Director, ...
HanesBrands , a leading marketer of everyday basic apparel under world-class brands, announced that it has entered into a definitive agreement to acquire Maidenform Brands, Inc. , for $23.50 per share, a 30 percent premium to ...
Tags: Hanesbrands, Apparel
PPG Industries reported record second quarter net sales in 2013 of $4.1 billion, up 16 percent versus the prior year. Second quarter 2013 reported net income from continuing operations was $341 million, or $2.35 per diluted share. Adjusted ...
Tags: coating, Construction, Decoration
Under Armour, announced financial results for the second quarter ended June 30, 2013. Net revenues increased 23% in the second quarter of 2013 to $455 million compared with net revenues of $369 million in the prior year's period. Net ...
Microsoft on Thursday took an unexpected $900 million charge to account for what it called "inventory adjustments" for the Surface RT, the poor-selling tablet that debuted last year. Later on in the day, Microsoft held a conference call ...
Tags: Microsoft, Computer Products, software
Although the Norwegian company Moelven recorded an operating result of +NOK11.1m for the second quarter of 2013, its pre-tax profit remains negative at -NOK14.4m. The quarterly sales revenue for the period of April to June almost matched ...
Tags: lumber, Construction
Huntsman Corporation has signed a definitive agreement to acquire the business of Oxid L.P., a privately-held manufacturer and marketer of specialty urethane polyols based in Houston, Texas. The financial terms of the agreement were not ...
Tags: Acquire Oxid, Chemicals, polyols
Yahoo has bought ad tech startup Admovate to grow its mobile advertising sales and provide a stronger channel for personalized display advertising. Terms of the deal, yet another in a major buying spree for Yahoo this year, were not ...
Tags: Yahoo, Computer Products, software, Mobile Advertising
Intel reported another drop in profits for the second quarter and narrowed its sales outlook for the full year, as the declining PC market continues to eat away at its business. Intel's profit for the quarter, ended June 29, was down 29 ...
Tags: Computer Products, software, intel
A rebound for IBM failed to materialize in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services. However, in its quarterly financial report Thursday, the company raised its forecast for ...
Tags: IBM, Computer Products, software
Upcoming Atom chips from Intel will appear in tablets priced as low as $150, the company's CEO said Wednesday, vowing that Intel will not get caught flat footed again by "the next big thing." Intel's low-power Atom chips are vital to its ...
Tags: Computer Products, software