VMware said Monday it will cut 900 jobs in a move to focus more on high potential businesses, as profits remained strong but growth slowed. The company said the job cuts, revealed as part of its earnings release for last year, will come ...
Tags: VMware, high potential businesses, job cut
Arvind Limited, one of the largest integrated textile and branded apparel players, recorded Revenue growth of 16% to Rs. 1405 crores and Net Profit After Tax growth of 46% to Rs. 75 crores for the quarter ended on 31 December, 2012 as ...
Tags: denim maker, textile, apparel
South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced that in the fourth quarter of 2012 its net profit decreased by 45 percent to KRW 561 billion ($518 million), compared to the same quarter of the previous year. The ...
Tags: steelmaker, net profit, steel industry
Sangam (India) Ltd., one of the leading textile companies with presence in PV (Polyester/ Viscose) Dyed Yarn and Fabrics segment and a fully integrated company from yarn to branded Fabrics, posted robust growth in the third quarter ended ...
VMware said Monday it will cut 900 jobs in a move to focus more on high potential businesses, as profits remained strong but growth slowed. The company said the job cuts, revealed as part of its earnings release for last year, will come ...
Tags: VMware, high potential businesses, jobs
On January 28, Chongqing-based Chinese steelmaker Chongqing Iron and Steel Co. announced an estimated net profit of RMB 100 million ($16 million) for 2012, compared to a net loss of RMB 1.471 billion ($234 million) in 2011. Chongqing ...
Tags: Chongqing Steel, China, Mineral
Swedish high-technology engineering and steelmaking group Sandvik has issued its financial results for the fourth quarter and the full year 2012. According to the financial results, Sandvik's profit for the fourth quarter was SEK 726 ...
Tags: Sandvik, financial results, Mineral
On January 29, Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. issued its estimated financial results for 2012. According to its preliminary calculations, Xinyu Steel recorded a net loss of RMB 950-1,050 million ...
Tags: Steel, China, steelmaker, iron
China-based vehicle manufacturer Great Wall Motors (GWM) has reported sale of 620,000 vehicles in 2012 an increase of 28.3% compared to the sales of 2011. The company sold 281,200 SUVs a 71% rise, 206,200 passenger cars up by 2.8%, and ...
The Ikea group increased retail turnover in the 2011/2012 financial year by 9.5% to €27.628bn. Adjusted for currency-exchange effects, this represented growth of 7.1%, while adjusted for selling space and currency-exchange effects, ...
In the first half of 2012, China's economic growth continues the momentum of 2011's decline and the growth rate of investment in fixed assets continued to drop, thus Chinese construction machinery industry faced a grim situation. The ...
Tags: China, construction machinery, China economy, machinery industry
The sharemarket climbed again yesterday, closing the week on a high on good news from home and abroad and supported by investors seeking stocks with high dividend yields. The benchmark S&P/ASX 200 closed up 0.5 per cent at 4835.2 points, ...
Tags: stocks, sharemarket, financial stocks
Indian iron ore producer Sesa Goa has announced its financial and operational results for the third quarter and the first nine months ended on December 31 of the financial year 2012-13. In the third fiscal quarter, Sesa Goa's net profit ...
Nokia swung to a net profit during the fourth quarter, as it sold a growing number of Windows Phone-based smartphones. The company reported fourth-quarter sales of 8.04 billion euros ($10.71 billion), down 20% year-on-year, making a net ...
Tags: Nokia, Windows Phone, smartphone
Apple's revenue grew but profit was flat in its first fiscal quarter of 2013, during which sales of iPhones and iPads rose, but Mac and iPod shipments dropped. Apple reported a net profit of $13.1 billion for the quarter ended Dec. 29, ...