Apple has set up three foreign subsidiaries that the company claims are not resident in any nation for taxing purposes, in an effort to avoid paying tens of billions of dollars in taxes to the U.S. and other countries, according to a new ...
Tags: Apple, Computer Products
HB Fuller has entered into an agreement to purchase Brazil-based chemical polyurethane specialties and polyester resins provider Plexbond Quimica, for an undisclosed value. According to HB Fuller, the business generated nearly $20m in ...
Tags: HB Fuller, Adhesives Company
For first-quarter 2013, GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components enabling high-speed end-to-end information streaming over optical fiber and wireless networks) has ...
Tags: GigOptix, Electrical, Electronics
Safaricom expects to increase its data market share in Africa after reporting an increase in both voice and data revenue for its latest fiscal year. For the ended March 31, after-tax profit jumped 39 percent year over year to 17.5 billion ...
Tags: Computer Products, software, Data Business
Toshiba Corporation and Toshiba America Electronic Components, Inc., (TAEC) today announced that the company has developed second generation 19 nanometer process technology that it will apply to mass production of 2-bit-per-cell 64 gigabit ...
Tags: Toshiba, Nand Chips, Consumer Electronics
India’s textile exports for the current fiscal year 2013-14 are likely to grow by 15 percent over last year, Minister of State for Textiles Panabaaka Lakshmi has said. During the first eleven months of last fiscal year, India ...
Tags: Textile Exports, Textile
Indian miner Vedanta Resources has announced its financial results for the fiscal year 2012-13 ended on March 31. Vedanta's profit after tax increased by 35.6 percent to $1.66 billion compared to the previous financial year, while the ...
Tags: Iron Ore Mining, Metallurgy, Mineral&Energy, Karnataka
The U.S. government's effort to close 1,253 of its data centers is falling short of its goal, and agencies haven't been able to track projected cost savings for the initiative, a government auditor told lawmakers. The White House Office ...
Tags: U.S.Agencies, Computer Products
One of the leading denim manufacturers in India, Suryalakshmi Cotton Mills Ltd, reported its annual audited profit & revenue numbers with a 5.11 % rise in revenue and a robust 7.28 % jump in the net profit for the year ended on March 31, ...
Tags: Cotton Mills, Cotton
Macy’s, Inc. reported higher sales and earnings for the first quarter of 2013, the 13-week period ended May 4, 2013. Based on the ongoing momentum in our business, as well as confidence in our future performance, the company also ...
China-based solar firm Suntech Power Holdings has announced that it has agreed on a new forbearance agreement with the majority of the holders of the firm's 3% convertible notes, for which a principal payment of US$541 million was due on ...
US-based solar firm SunPower has provided financial guidance for second-quarter and fiscal year 2013. The firm stated that second-quarter 2013 revenues are likely to be between US$550-600 million, gross margin between 14-16 %, and megawatts ...
Tags: SunPower, financial guidance
NTT DoCoMo, Japan's largest mobile carrier, will use location data from its 61.5 million subscriber devices to build a platform that monitors traffic conditions across the country. DoCoMo said it will leverage its access to massive ...
Tags: Docomo, Mobile Data
The sharemarket rose for a third-consecutive session after the dollar weakened further overnight. Non-resources companies with US dollar income remained in demand, although commodity price falls restrained the resources sector. The ...
Tags: Stocks, Aussie Fall
The sharemarket rose for a third consecutive session yesterday after the Australian dollar weakened further in offshore trade. Non-resources companies with US-dollar income remained in demand, although commodity price falls restrained the ...
Tags: Bourse, Greenback Exposure