THE sharemarket ended the week on a low note as investors took fright after US budget talks on the fiscal cliff fell into disarray. The benchmark S&P/ASX 200 closed down 10.5 points,or 0.2 per cent,at 4623.6,reversing gains that had seen ...
Tags: fiscal cliff, Australian companies, US
Avaya has appointed a new chief financial officer (CFO), coinciding with its latest results showing falling revenues. The communications firm announced this week it had hired Dave Vellequette from JDS Uniphase as the new CFO, but failed ...
Tags: Avaya, falling revenues, communication, finance
Companies seeking to enable enterprise-wide data analytics need a chief analytics officer (CAO) to lead the way, analysts say. The explosive growth in corporate data over the past few years has created both an opportunity and a challenge ...
Tags: Companies, data analytics, chief analytics officer, CAO
Japan's Softbank, the country's third-largest carrier, is in negotiations to acquire U.S. mobile operator Sprint in a deal worth over $30 billion, the Japanese business newspaper Nikkei reported Thursday. The deal, in which Softbank would ...
Tags: Japan, Softbank, U.S.mobile operator, Sprint
Hewlett-Packard said Wednesday that it would take an $8 billion charge in its third fiscal quarter owing to weakness in its enterprise services division. The writedown is technically for "the impairment of goodwill" associated with HP's ...
Tags: HP, charge, third fiscal quarter, enterprise services division
Apogee Enterprises has reported revenues of$168.8 million for the third quarter of fiscal year 2013 for its architectural products and services business,up 11 percent from the same quarter of last year.The architectural products and ...
Tags: Apogee, revenues, architectural products, services business
Security software vendor Symantec said Wednesday that Enrique Salem, its president and CEO, had stepped down effective immediately, after the company reported that its revenue for the quarter ended June 29 grew just 1% year-over-year to ...
Tags: security software vendor, Symantec, CEO, Chairman
Microsoft CEO Steve Ballmer saw his bonus shrink a little in 2012 while that of other Microsoft executives rose significantly, the software maker said Tuesday. Ballmer received a bonus payment of US$620,000, about 91 percent of his ...
Tags: Microsoft, Steve Ballmer, Windows, Windows server
Sutor Technology Group Limited announced that it has appointed Mr Naijiang (Eric) Zhou as its Chief Financial Officer, effective December 14th 2012. Over the last three years, Mr Zhou has served as the Vice President of Finance of Sutor ...
Tags: Energy and Mineral Resources, Sutor Technology, Metallurgy, CFO
Lenzing AG, global market leader in the production of man-made cellulose fibers, has successfully issued and placed a German Private Placement (Schuldschein) to the amount of EUR 200 mn (senior debt, unsecured) on the debt capital market. ...
Tags: Lenzing AG, cellulose fiber, debt capital market, transaction
The National Audit Office (NAO) today ruled that Vodafone’s settlement of its UK tax bill was "reasonable", despite being almost GBP 5bn less than it was originally thought to have owed. The mobile operator came under scrutiny ...
Tags: National Audit Office, UK tax bill, mobile operator, mobile
John Rishton, the former chief executive of Dutch retailer Ahold, is set to take a seat on Unilever's boards of directors, the consumer goods giant said today (17 December). Rishton, who was Ahold boss between 2007 and 2011, will be put ...
Tags: John Rishton, Dutch retailer Ahold, Food
Intel on Tuesday said its revenue and profit dropped during the third quarter of fiscal 2012 compared to the same period a year earlier, and blamed a tough economy for poor sales of its products. The company's profit was $2.97 billion for ...
Tags: Intel, revenue, profit, third quarter, 2012
For its most recent financial quarter, IBM experienced declining revenue and flat income, though it still managed to deliver increased earnings per share. In the third quarter, IBM generated US$24.7 billion in revenue, down 5 percent from ...
Tags: IBM, declining revenue, flat income, quarter
Downgrade rights will be critical to Windows 8's acceptance in the enterprise, but if they're exercised by consumers, it's a sign Microsoft's newest OS has pulled a "Vista," analysts said today. For consumers, downgrade rights, which let ...
Tags: downgrade rights, Windows 8, Microsoft, Vista