Intel shaved about a billion dollars off its third-quarter revenue forecast on Friday, blaming the global economy for slowing sales. It will announce full results for the quarter on Oct. 16. The company had previously predicted ...
Tags: Intel, revenue, global economy, forecast
Fashion retail chain O’Neill Europe has undergone a major IT consolidation to cut costs and use information more efficiently in a difficult trading market. The company works with 34 distributors in Europe, each previously with its ...
Tags: O'Neill Europe, IT consolidation, profits
Current application portfolios are preventing banks from making the transformation they need ensure customer retention, says analyst Gartner, which urged them to focus more on “APIs and apps” to solve the problem. “The ...
Consumer goods giant Unilever is looking at how it can optimise its global operations using SAP’s HANA in-memory database. The company has been consolidating its SAP systems over the past 20 years and now runs 4 regional systems. ...
Tags: Unilever, Global HANA
Nokia Siemens Networks is looking to sell its business support systems (BSS) unit to focus on its mobile broadband network equipment division. According to several reports – including Reuters and the Wall Street Journal – ...
Tags: Nokia Siemens Networks, business support systems, mobile
Mechel OAO, a leading Russian mining and steel group announced financial results for the 9 months 2012. The net revenue in Q3 2012 decreased by 12.0% and amounted to USD 2.7 billion compared to USD 3.1 billion in Q2 2012. The ...
Tags: Mechel OAO, mining, steel, financial results, company news
The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital intensive and competitive nature of the steel industry. Steel margins are relatively weak and in our ...
Tags: OAO Severstal, steel industry, Russia, steel
Fitch said that Western European steel output is unlikely to recover in 2013 due to depressed demand levels across the eurozone. Steel volumes will probably fall by up to 3%, Fitch Ratings believes, putting pressure on producers' ...
Tags: steel output, Europe, steel volumes, steel market, steel industry
The CEO of InterContinental Hotels Group, Angela Brav, has joined the Mothercare board as non-exec director. She is responsible for the management, growth, and profitability of InterContinental's European operations. Prior to becoming ...
Tags: Toys
A US 'activist' investor who has stamped his authority on Heinz, Cadbury and Kraft has taken a euro242M (€300M) stake in Danone, vowing to improve its profitability. Nelson Peltz, the head of Trian Partners, said the maker of ...
At an average of 91.88cm (just over 36”), the biggest male waistlines in the UK belong to folk from the West Midlands, according to new data from virtual fitting room company Fits.me. Following close behind are Wales (with an average ...
Tags: male waistlines, UK, Birmingham
December 14, 2012 - Following its strategic review of the Power Systems division, ABB says it is repositioning the business "to secure higher and more consistent profitability". "We've made substantial investments recently to increase ...
Tags: Joe Hogan, ABB, power systems, EPC
Taiwan-based LED chipmakers have been trying to return to profitability but due to continuous price falls, it has been difficult. Market observers believe LED chipmakers such as Epistar, and Formosa Epitaxy will see net losses in 2012. ...
Tags: Taiwan, LED chipmakers, profitability, 2012
Everlight has received downgrade from "twA-" to "twBBB+" estimated by Taiwan Ratings Corp, which reflecting concerns about the balance sheet of the country's biggest LED chip packager over the next one to two years amid negative market ...
Tags: LED, Taiwan, lighting, everlight, Taiwan Ratings, downgrade
Provider of technological solutions to the medical and fresh produce industries Stepac is presenting packaging products at three trade shows focusing on humidity packaging for vegetable, fruit/herb services and ensuring extended fresh ...