Brazil-based miner Vale has announced its financial results for the first quarter of the current year, reporting a net profit of $3.2 billion, decreasing by 10.1 percent compared to the first quarter of the previous year. The company's ...
Tags: Metallurgy, Mineral, Energy
The crisis at mobile phone maker Nokia is intensifying as sales of its once-bedrock feature phones fell by more than 21 per cent in the first quarter, according to the company's latest financial report. Feature phones have kept the ...
Tags: Computer Products, Nokia
The sharemarket rose after a report showed falling interest rates were lifting parts of the nation's housing market, while manufacturing data from China indicated that an economic recovery remained on track. BHP Billiton, the world's ...
Tags: Stocks, economic recovery, iron ore gains
But the infrared imaging company increased earnings despite sharp year-over-year contraction in sales. Electrical fault? The CEO of FLIR Systems has described the thermal imaging company's second financial quarter of 2012 as"extremely ...
Tags: FLIR Systems, infrared imaging, profit, cost-saving, Optic
The Lux Research Energy Electronics Intelligence service titled 'Cheaper, Brighter, Cooler: The Need for Cost Reduction Past the Package' states that the overall costs of the central LED package will have over 70% decline in another 10 ...
Tags: LED bulb, the Lux Research Energy Electronics Intelligence, BulbAmerica
Somerset County Council's troubled outsourcing contract with Southwest One has stalled the authority's programme of cost cuts, according to a Conservative member of its cabinet. Southwest One, a shared services venture with IBM in which ...
Tags: Southwest One, IBM, Somerset council, SAP system
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
RIO Tinto has warned it may cut more jobs from its aluminium and coal businesses as it seeks to rein in unsustainable cost increases. In an investor update, the mining giant also says it expects growth in China's steel demand to peak ...
Tags: aluminium business, Rio Tinto, global mining operation
Dutch retailer Ahold has said it will step up its moves to cut costs in a bid to fuel further investment in the business. Ahead of a meeting with analysts in the US, the group said it will up its cost savings from EUR350m (US$454.7m) to ...
Tags: fuel investment, Giant Food, Food, convenience stores
Paperlinx has announced more cost cuts and job losses as shareholders rejected the struggling paper and packaging merchant's remuneration report. Shareholders voted against the report at last week's annual general meeting, including ...
Tags: Paperlinx, cost cuts, job losses, profitable businesses
Australian food manufacturer Goodman Fielder has narrowed its full-year losses,driven by cost cuts and earnings growth in Asia Pacific. In the 12-month period,the company reported a net loss of A$146.9m(US$154.3m)compared to a loss of ...
Tags: cost cuts, earnings growth, loss
Weak markets and delays mean full-year sales are now expected to be nearly 10%lower than previous estimate. Stock slippage Thermal imaging giant FLIR Systems has issued a profit warning for its fiscal year 2012,blaming weak ...
Tags: FLIR Systems, Profit Warning, Market
A recent report from the U.S. Department of Energy confirmed that LEDs are indeed the most environmentally friendly light bulb on the market. Inching past the CFL in life-cycle impact and completely blowing incandescent bulbs out of the ...
Tags: LED Price
Sears Holdings Corp. said it plans to spin off its small-format hometown dealer stores and outlets and sell 11 stores to raise cash and shore up its money-losing retail business. The long-suffering retailer, controlled by hedge-fund ...
Tags: Market View, hardware