News Category : Corporate

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Corporate
Google set to move some operations over to new entity Alphabet Inc under new restructuring
NEWS RELEASE Google set to move some operations over to new entity Alphabet Inc under new restructuring

Under the re-branding, Google will retain its best-known businesses, such as search, apps, YouTube and Android. Some of the newer entities, such as the investment and research divisions, the &q....

@LubeStudio
2 yearss ago
Corporate
Russian energy giant Gazprom is lifted by  weak rouble as it reports a sharp rise in Profits
NEWS RELEASE Russian energy giant Gazprom is lifted by weak rouble as it reports a sharp rise in Profits

Net profit for the first three months of the year was 382bn roubles ($5.9bn; £3.8bn), up 71% on a year earlier. Total sales rose 6% to 1.65tn roubles. Gazprom sells its gas in dollars, so....

@LubeStudio
2 yearss ago
Corporate
Warren Buffett's Berkshire Hathaway pays $37.2bn for aircraft components manufacturer Precision Castparts
NEWS RELEASE Warren Buffett's Berkshire Hathaway pays $37.2bn for aircraft components manufacturer Precision Castparts

This represents $235 a share, compared with Friday's closing price of $194. Mr Buffett said he had "admired PCC's operation for a long time". Berkshire Hathaway said it exp....

@LubeStudio
2 yearss ago
Corporate
Fitbit’s Second Quarter Revenues Triple to $400m beating expectations
NEWS RELEASE Fitbit’s Second Quarter Revenues Triple to $400m beating expectations

Margins fell, however, due to higher spending on new products. Net income rose to $17.7m in the quarter from $14.8m in the same period the previous year. It is the first report as a public c....

@LubeStudio
2 yearss ago
Corporate
Nokia Sells its digital mapping business for £2bn to group of German carmakers
NEWS RELEASE Nokia Sells its digital mapping business for £2bn to group of German carmakers

The company is developing technology that it hopes will help create self-driving cars. Here uses cloud technology to build digital maps. "High-precision digital maps are a crucial compo....

@LubeStudio
2 yearss ago
Corporate
Quarterly Earnings at Exxon Mobil and Chevron weighed down by plunging Crude Oil Prices
NEWS RELEASE Quarterly Earnings at Exxon Mobil and Chevron weighed down by plunging Crude Oil Prices

Exxon Mobil reported it earned $4.2bn (£2.68bn) in the second quarter, which marked a drop of more than 50% from last year. Profits increased in the company's chemical unit during the....

@LubeStudio
2 yearss ago
Corporate
Lloyds Bank Sets aside a further £1.4bn as it claims the PPI bill will top £13bn
NEWS RELEASE Lloyds Bank Sets aside a further £1.4bn as it claims the PPI bill will top £13bn

It means the bank has now set aside more than £13bn in compensation. Last month, Lloyds was fined a record £117m by the Financial Conduct Authority (FCA) over the mis-sold PPI. T....

@LubeStudio
2 yearss ago
Corporate
UK Now Santander's biggest market as it generates a fifth of the bank's profits in the first half of 2015
NEWS RELEASE UK Now Santander's biggest market as it generates a fifth of the bank's profits in the first half of 2015

The UK has become Santander's most profitable market, generating just over a fifth of the bank's profits in the first half of 2015. Pre-tax profits in the UK rose £74m to £9....

@LubeStudio
2 yearss ago
Corporate
Camera Sensors and PS4 games Buoy Sony's second quarter net profits to 39%
NEWS RELEASE Camera Sensors and PS4 games Buoy Sony's second quarter net profits to 39%

Its net profit rose to 82.4bn yen ($664m; £425m), while operating profit also rose 39% - well above expectations - to 96.8bn yen. But sales were flat in the period from a year ago, down 0....

@LubeStudio
2 yearss ago
Corporate
RBS £153m first-half year loss after hits from litigations, repayments and restructuring costs
NEWS RELEASE RBS £153m first-half year loss after hits from litigations, repayments and restructuring costs

The £153m loss for the six months to the end of June compares with a £1.43bn profit a year ago. Restructuring costs almost tripled to £1.5bn amid efforts by chief executive Ro....

@LubeStudio
2 yearss ago
Corporate
In a bid to cut costs, Royal Dutch Shell to cut 6,500 jobs amid Falling Oil Prices
NEWS RELEASE In a bid to cut costs, Royal Dutch Shell to cut 6,500 jobs amid Falling Oil Prices

The job cuts - to its employee base of around 94,000 people - comprise part of its $4bn reduction in operating costs. Shell also said it was cutting investment by $7bn to about $30bn this year,....

@LubeStudio
2 yearss ago
Corporate
6000 jobs to go at British Gas owner Centrica despite reporting half year profits
NEWS RELEASE 6000 jobs to go at British Gas owner Centrica despite reporting half year profits

The company said half would go through redundancies. It also said it would create jobs in growth areas, eventually leaving a headcount reduction of 4,000 from its current 37,500 workforce. In t....

@LubeStudio
2 yearss ago
Corporate
Strong Performance from Sky as it reports 18% jump in annual profits
NEWS RELEASE Strong Performance from Sky as it reports 18% jump in annual profits

The company says it added nearly one million customers during the 12 months that ended on 30 June. Sky unveiled several original dramas during the period, including Fortitude and 1999. The c....

@LubeStudio
2 yearss ago
Corporate
Ryanair reports a 25% rise in quarterly profits and a strong passenger outlook
NEWS RELEASE Ryanair reports a 25% rise in quarterly profits and a strong passenger outlook

Net profits for the three months to June were €245m (£174m), up from €197m a year earlier, it said. Revenues in the quarter grew by 10% to €1.5bn. The carrier now expect....

@LubeStudio
2 yearss ago
Corporate
Winklevoss Brothers File Trust Application for Gemini Exchange
NEWS RELEASE Winklevoss Brothers File Trust Application for Gemini Exchange

Entrepreneurs Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York. The filing for Gemini Trust Company, if approved by the New York State De....

@LubeStudio
2 yearss ago
Corporate
Shares in Amazon Surge Over 14% after after surprise profit
NEWS RELEASE Shares in Amazon Surge Over 14% after after surprise profit

Amazon shares surged more than 14% in after-hours trading after it reported a surprise profit and better-than-expected sales figures. The online retail giant reported a $92m profit compared to ....

@LubeStudio
2 yearss ago

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