Samsung has announced that net profit nearly doubled in the third quarter on strong sales of its Galaxy S III and Note 2, which also boosted results in its component business. The world’s largest maker of mobile handsets said net ...
Tags: Galaxy S III, Samsung, mobile handsets, mobile
Samsung Electronics said today that net profit nearly doubled in the third quarter on strong sales of its Galaxy S III and Note 2, which also boosted results in its component business. The world’s largest maker of mobile handsets ...
Tags: Galaxy S III, net profit, Samsung, mobile handsets
The Windows division’s share of Microsoft’s revenue last quarter dropped to a four-year low as Windows 7 sales stalled before the launch of Windows 8, financial data released by Microsoft yesterday showed. The Windows and ...
Tags: Windows, Microsoft sales, Microsoft, revenue, sales, share
Levi Strauss & Co. announced that Harmit Singh will join the company as executive vice president and chief financial officer on January 16, 2013, reporting to company president and chief executive officer Chip Bergh. In this role, he ...
Tags: Harmit Singh, executive vice president, Levi Strauss, company news
Reuters reported that production at Ramu nickel cobalt project in Papua New Guinea, China’s single-largest mining investment in the country, will reach its full capacity in one or two years, slightly later than initially planned, an ...
Tags: cobalt project, mining investment, nickel, cobalt
US cereal maker Post Holdings has recorded an increase in third-quarter profits and reaffirmed its outlook for the year. In the three months to the end of June, earnings reached US$15.8m, compared to $1.6m in the prior-year quarter, when ...
Tags: Post Holdings, cereal market, profits, earnings
Canadian retailer Metro Inc has appointed François Thibault as group CFO. Thibault takes over from Richard Dufresne from 1 August, who quit the role in February to take up a position at an unnamed company. Thibault joins Metro ...
Tags: Metro Inc, François Thibault, group CFO, food
Hormel Foods has promoted James Snee to lead the US group's international operations. In an announcement today (26 September), Hormel said Richard Bross was retiring as president of Hormel Foods International Corp. Snee's appointment ...
Tags: International Chief, international operations, Hormel Foods
Russian meat processor Cherkizovo has extended its product line to include an additional range of sausages. The range, launched this week, includes classic cooked sausages: Doctorskaya, Molochnaya and Russkaya, semi-smoked Krakovskaya ...
UK retailer Asda has booked an increase in second-quarter sales but sales slowed in the most recent three months of its financial year. In the three months to the end of June, excluding fuel, net sales grew 3.2%. Comparable sales, ...
Tags: Asda, sales, financial year, Q2
Marsh & McLennan Companies, an insurance brokerage and risk management firm, has named Michael Bischoff as its new chief financial officer, with immediate effect. Bischoff will report directly to Brian Duperreault, who is the company's ...
Tags: risk management, Marsh and McLennan Companies, insurance
Manulife Financial has appointed Craig Bromley as senior executive vice president and general manager for its US Division as well as president of John Hancock Financial Services, effective from 1 September 2012. Bromley will join the ...
Tags: Manulife Financial, Craig Bromley, executive vice president
Manulife Financial has reported a net income of C$1.2bn, or C$0.62 diluted earnings per share, for the first quarter of 2012, compared to C$985m, or C$0.53 diluted earnings per share, for the same period in 2011. The total revenue for the ...
Tags: Manulife Financial, net income, diluted earnings, finance news
WhiteWave Foods has booked a drop in third-quarter earnings as an increase in expenses hit earnings. In the three months to the end of September, WhiteWave, which was spun off from Dean Foods last year, posted a profit of US$26.3m, down ...
Tags: plant-based foods, beverages, coffee creamers, Silk Soymilk
According to Luciano Siani, Director of Finance and Investor Relations of Vale, Chinese steel production is expected to grow about 3% in a period of between 5 to 10 years. He pointed out Chinese steel production is already growing ...
Tags: Chinese steel production, the GDP growth rate, steel production