Monthly Archives:  July 2014

• 

• Sony Posts Surprise Profit on PlayStation, Movies

  Full Story | 31st July 2014
  Sony Corp. posted a surprise first-quarter profit on strong demand for the PlayStation 4 game console and a rebound at the box office for its Hollywood studios.The company posted net income of 26.8 billion yen .

• 

• Airbus Profit Rises 10% as Aircraft Deliveries Increase

  Full Story | 30th July 2014
  Airbus Group NV (AIR) reported a 10 percent increase in first-half earnings after its commercial plane unit delivered more aircraft.Earnings before interest, tax and one-time items rose to 1.77 billion euros ($2.37 billion) from 1.61 .

• 

• Pepe Jeans Said to Hire Morgan Stanley to Sell Business

  Full Story | 29th July 2014
  Pepe Jeans Group, the clothing retailer known for its denim and sportswear brands, hired Morgan Stanley (MS) to explore the sale of the business, according to people familiar with the matter.The sale will include both .

• 

• HBO Pushes Web Expansion as Bewkes Battles Murdoch Bid

  Full Story | 28th July 2014
  Jeff Bewkes is looking to the Internet to accelerate growth at his prized TV network, HBO, as he seeks to demonstrate to investors that Time Warner Inc. (TWX) is worth more on its own than .

• 

• BSkyB in £5bn deal to create Sky Europe

  Full Story | 25th July 2014
  BSkyB is paying £4.9bn to take over Rupert Murdoch's pay TV companies in Germany and Italy.The move was announced along with the company's annual results, which show pre-tax profits fell slightly to £1.2bn from last .

• 

• Nokia Boosts Forecast After Earnings Beat Estimates

  Full Story | 24th July 2014
  Nokia Oyj (NOK1V), the Finnish network-equipment maker that sold its mobile-phone business to Microsoft Corp., boosted its profitability forecast after earnings beat estimates on rising sales in China. The stock jumped.Operating profit at the network .

• 

• Herbalife bashing sends Ackman back to square one

  Full Story | 23rd July 2014
  During a more than three-hour presentation yesterday, billionaire investor Bill Ackman choked up while describing his family’s immigrant beginnings, called Herbalife (HLF) Ltd. Chief Executive Officer Michael Johnson “a predator” and labeled that company “a .

• 

• Putin Misses Global Rally as Micex Erases $28 Billion

  Full Story | 22nd July 2014
  President Vladimir Putin’s meddling in Ukraine cost Russia dearly in financial markets. With the downing of Malaysian Airlines Flight 17, the toll is only getting worse.The price to protect Russian bonds against default, already the .

• 

• McDonald’s, Yum Halt Buying From Chinese Meat Supplier

  Full Story | 21st July 2014
  McDonald’s Corp. (MCD) and Yum! Brands Inc. (YUM) halted buying meat products from a Shanghai supplier while authorities investigate allegations that the company sold chicken and beef past its expiration date.McDonald’s asked all its outlets .

• 

• Nestle’s U.S. Chocolate Ambitions Melted by Lindt Deal

  Full Story | 18th July 2014
  Nestle SA (NESN) typically seeks to be first or second in all its businesses, yet isn’t even close in the U.S. chocolate candy market, where the Swiss company is dwarfed by Mars Inc. and Hershey .