company news

Rogue trader 'driven by desire to perform'

seher — Fri, 25 Jan 2008 04:09:40 -0600

The Financial Services Institute of Australia says an $8 billion fraud at France's second biggest bank would have been driven by a desire for performance rather than greed.

Tiffany's 3Q net income up to 98.9 million dollars

Dinka — Fri, 30 Nov 2007 10:29:36 -0600

Tiffany & Co. announced that its third-quarter earnings more than tripled, thanks to strong sales growth and a hefty gain on the sale and leaseback of its Tokyo flagship store. It also raised its earnings guidance for the full year.

Yukos oil firm formally ceases to exist

Dinka — Thu, 22 Nov 2007 10:05:33 -0600

The Yukos oil firm has formally ceased to exist following the completion of the company's liquidation process, the Yukos bankruptcy administrator said on Thursday in Moscow.

US market bounces back amid easing credit fears

Dinka — Wed, 14 Nov 2007 11:18:46 -0600

US investors have waded back into the share market, cheered by developments on a number of fronts. There has been a stronger-than-expected quarterly profit result from retail leader, Wal-Mart.

IBM to buy Cognos for 5 billion dollars

Dinka — Mon, 12 Nov 2007 10:36:12 -0600

IBM Corp. announced Monday that it planned to buy Cognos Inc. for $5 billion (EUR3.41 billion) in cash in an evident attempt to keep pace with rivals in the field of "business intelligence" software.

Emap probably to sell some parts of the business

Dinka — Fri, 09 Nov 2007 09:23:59 -0600

The British publisher Emap PLC is reviewing the business in a process and said that may result in the sale or demerger of some parts of the company.

BMW's sales up 13 percent from year ago

Dinka — Thu, 08 Nov 2007 11:38:15 -0600

BMW AG saw its sales up 13.2 percent compared with last year, the company said Thursday. The Munich-based company, whose brands include BMW, Mini and Rolls-Royce, sold 123,304 cars, compared with 108,897 in October 2006.

Audi sales up 5.3 percent worldwide

Dinka — Thu, 08 Nov 2007 10:37:04 -0600

Volkswagen AG’s luxury arm Audi AG said Thursday that its global sales worldwide increased 5.3 percent in October compared with last year.

Restructuring programs help Revlon decrease its losses

Dinka — Tue, 06 Nov 2007 10:01:42 -0600

Higher sales and benefits from a restructuring program initiated last year helped Revlon Inc. to narrow its third-quarter loss.

PetroChina Becomes World's First Company Worth More Than $1 Trillion

Dinka — Mon, 05 Nov 2007 14:51:06 -0600

The Chinese energy company PetroChina has become the world's largest company by market value after its trading debut on the Shanghai Stock Exchange Monday. Kate Woodsome explains from VOA's Asia News Center in Hong Kong how a company that earns less than comparable operations has become so valuable.

MySpace joins Google's OpenSocial

Dinka — Fri, 02 Nov 2007 14:43:35 -0500

Internet juggernauts Google and MySpace are teaming up to take on social networking site Facebook. MySpace today agreed to join OpenSocial, a new Google platform designed to allow developers build applications that will work on any website.

Merrill Lynch CEO ousted after massive loss

Dinka — Tue, 30 Oct 2007 11:40:36 -0500

Merrill Lynch has ousted chairman and chief executive Stan O'Neal, just days after reporting the biggest quarterly loss in the company's history.