Internet payments company PayPal will cut 325 jobs as part of a companywide reorganization, its president said Monday. The layoffs will hit PayPal's product and technology organization hardest. That's where nine product groups will be ...
Tags: PayPal, Internet payments company, jobs, companywide reorganization
Mechel’s steel segment’s revenue from external customers in Q3 2012 amounted to USD 1.7 billion or 63% of the consolidated net revenue, a decrease of 10.4% over the segment’s revenue from external customers of USD 1.9 ...
Tags: steel segment, Mechel, steel, Steel Management
Sonomax has reported net revenue of $149,726 for the first quarter ended 31 March 2012, a decrease of 4%, compared to $156,584 for the comparable period in 2011. The company has posted gross profit of $7,303 for the first quarter 2012, ...
Tags: Sonomax, marketing and product development, custom-fitting earpieces
Gazprom identified Gazprom Gazomotornoye Toplivo as a special purpose company to consolidate the Group's assets related to the NGV fuel production and sales. The main business lines of the new company include devising and implementing ...
Tags: Gazprom Gazomotornoye Toplivo, fuel production, fuel, company news
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
PepsiCo has booked a drop in first-quarter profits as restructuring costs weighed on earnings. Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April). Reported EPS in the ...
Tags: PepsiCo, drop, first-quarter profits, restructuring costs, earnings
Mondelez International, the snacks group spun off from Kraft Foods last month, has reported a fall in underlying third-quarter sales amid problems in Brazil and Russia. The company, which produces brands including Cadbury chocolate, ...
Tags: Mondelez International, Kraft Foods, sales, comapany news
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
Brazil-based meat processor JBS has reported a first-half profit of over BRL285m (US$140.6m), swinging from a loss of BRL34m a year earlier. An expansion of JBS's domestic beef capacity and a move into poultry in its home market ...
Sabra Dipping Co., the dips venture run by PepsiCo and Israeli food group Strauss, is to set up an R&D facility in the US. The company is spending US$28m on a facility in Chesterfield County in Virginia. Strauss decided to run its US ...
Tags: PepsiCo, food group, food manufacturing, food industry
PepsiCo booked a 5% drop in third-quarter earnings today (17 October) as it increased its spending behind flagship brands. The company said earnings totalled US$1.9bn, or $1.21 per share, in the three months to 8 September, down from ...
Tags: PepsiCo, earnings, operating profit
Kraft Foods Group booked a 13% rise in earnings during the third-quarter, as the group benefited from its "leaner" post-spin structure and spent more on advertising. Reporting its first set of results following its spin-off from global ...
Tags: Q3 earnings, Net revenue, Q4 sales
Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year. Marfrig, which owns the Seara brand, posted net income of BRL15.5m (US$19.1m) ...
Tags: Meat giant, Meat, net income, profit
Optical networking and associated semiconductor technology company JDSU of Milpitas, CA, USA has reported its first-quarter 2013 (ended 29 September 2012). Non-GAAP net revenue was $420.9m and net income was $35.0m ($0.15 per share). ...
Tags: Optical networking, associated semiconductor, net revenue
Checkpoint Systems Inc. reported financial results for the third quarter ended September 23, 2012. Net revenues decreased 12.5%, 7.8% on a constant currency basis, to $188.2 million from $215.1 million in the third quarter 2011. The ...