Intel CEO Paul Otellini will retire as an officer and director of the company in May, ending a four-decade career with the company. Otellini is to retire during a stockholders meeting within six months, making sure the transition to a new ...
Tags: CEO, CEO retires, highlightedpost, Intel, Otellini
Oracle has reported that net income rose 11 percent to US$2 billion while revenue fell 2 percent to $8.2 billion in the first quarter ended Aug. 31, with the period marked by some strength in software but falling hardware revenues. New ...
Tags: CEO Larry Ellison, Larry Ellison, OpenWorld, Oracle, Oracle Cloud
US agribusiness Archer Daniels Midland has sold its stake in Gruma back to the Mexican group. Gruma has acquired the 23.2% stake held by ADM, as well as a number of smaller holdings in various subsidiaries. In an announcement on Friday ...
Tags: Mexican Firm, Gruma, ADM, Daniels Midland
Tata Consultancy Services on Friday reported strong revenue and profit growth in the third quarter, citing a pick-up in discretionary spending by customers. Revenue in the quarter for India’s largest outsourcer was US$2.85 billion, ...
Tags: Tata Consultancy Service, revenue, profit growth, company news
Presidential Life has posted 18.7% decline in total revenues for the second quarter of 2012, which stood at $60.4m, compared to $74.3m during the corresponding period earlier fiscal. The underwriter attributed the decrease of $13.9m in ...
Tags: Presidential Life, decline, total revenues
Facebook,which had been in the doghouse with Wall Street since it went public,wowed investors with its third-quarter report on Tuesday,in particular with its improvements and early results in the crucial mobile market. Facebook ...
Tags: Zuckerberg Dazzles Wall Street, Facebook, mobile market
Dell has reported a sharp drop in revenue and profits for the third quarter as the weak PC market continued to weigh on its results. Dell’s revenue for the quarter, ended Nov. 2, was US$13.7 billion, down 11 percent from a year ...
Tags: Dell, Gartner, highlightedpost, IHS iSuppli, profits
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
FORT WORTH, Texas — Pier 1 Imports said its earnings rose 3% in its fiscal third quarter as sales jumped 10.9%, aided by a 7.9% same-store gain and the company's first full quarter of online sales. The Fort Worth-based retailer also ...
Tags: commerce sales, Pier 1, earnings, sales
CORTE MADERA, Calif. — Restoration Hardware, which went public in November, said its revenues for the third fiscal quarter jumped 22.2% as its stores, catalogs and e-commerce business all registered healthy gains. The company also ...
Philips has released its second quarter and semi-annual results 2012. According to the company, its second-quarter comparable sales have reached to EUR 5.9 billion, increasing by 5%. Other results as following, •Growth led by 7% ...
Tags: Philips, electronics, finacial results
Dollar General Corporation reports record third quarter 2012 sales and earnings • Third Quarter Same-Store Sales Increased 4.0%; Total Sales Improved 10.3% • Operating Profit Increased 16% to 9.1% of Sales, a New Third ...
Tags: Dollar General, Q3 sales, earnings, company news
According to Epistar's executive, the company expects a turnaround this quarter, thanks to strong demand for LED TVs and LED lighting would help boost factory utilization and lift gross margin significantly to more than 20 percent. ...
Global company engaged in industrial packaging products and services Greif has reported a decline in third quarter 2012 net sales of $1.10bn compared to $1.12bn for the same period in 2011. The US-based company's gross profit also ...
Tags: Greif, third quarter, net sales, 2012
Philips reports third-quarter comparable sales growth of 5% to EUR 6.1 billion; EBITA of EUR 450 million • Comparable sales up 5%, with all three sectors contributing to growth • Sales in growth geographies up 10% on a ...
Tags: LED, Philips, Q3 financials, healthcare