Companies
Posted on May 22, 2013 23:13
Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were “encouraging” signs of a revival in its electronics business.
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Posted on May 22, 2013 23:13
World No.1 platinum producer Anglo American Platinum (Amplats) may cut fewer than the 6,000 jobs announced earlier after talks with the South African government and unions, it announced Wednesday.
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Posted on May 22, 2013 23:13
AirAsia, Asia’s largest low-cost carrier by fleet size, said Wednesday that first-quarter net profit fell 39 percent year-on-year due to a foreign exchange loss on borrowings.
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Posted on May 22, 2013 23:13
Staples Inc reported a lower-than-expected quarterly profit on Wednesday, hurt by a stronger dollar and weak sales in Europe and Australia.
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Posted on May 22, 2013 23:13
Target Corp posted a 0.6 percent decline in first-quarter sales at US stores open at least a year on Wednesday after warning investors one month ago that its results would be disappointing as a chilly start to spring kept shoppers from buying seasonal items such as clothing.
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Posted on May 22, 2013 23:08
Liu Yonghao, founder of China’s leading agribusiness conglomerate New Hope Liuhe Co, Wednesday announced he would retire as the company’s chairman. His 33-year-old daughter Liu Chang will take over and serve as co-chairman of the company.
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Posted on May 22, 2013 23:08
A 10-year-old Tesco store in Shanghai will be closed in the end of May, the UK retailer Tesco Group announced Wednesday, shortly after rival Wal-Mart Stores Inc shut down three superstores in the Chinese mainland in April.
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Posted on May 22, 2013 23:03
Chinese mining services company Sino Australia Oil and Gas Ltd is planning an IPO in Australia in July, tapping international investors while domestic markets remain frozen.
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Posted on May 22, 2013 22:43
Liang Jun, vice president of LeTV.com, a major online video provider, said Wednesday that Apple TV is unlikely to enter the mainland’s market.
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Posted on May 22, 2013 22:43
CITIC Securities Co Ltd , China’s biggest brokerage, plans to spend up to 2 billion yuan ($325.97 million) to acquire a 10 percent stake in China Asset Management, the country’s top fund management company.
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Posted on May 22, 2013 22:43
China Galaxy Securities Co rose as much as 11.3 percent in its trading debut on Wednesday after raising $1.1 billion in a Hong Kong IPO, underscoring a surge in retail investors’ demand for new listings in the city.
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Posted on May 22, 2013 22:38
The problem of counterfeit books being sold by its third-party sellers means that Amazon is now facing a credibility crisis with Chinese consumers.
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Posted on May 22, 2013 20:30
China's biggest commercial lender, Industrial and Commercial Bank of China Ltd. (ICBC), announced Wednesday that its vice president, Yi Huiman, will replace Yang Kaisheng as president.
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Posted on May 21, 2013 23:58
Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No.3 US wireless carrier.
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Posted on May 21, 2013 23:58
Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world’s largest home improvement chain benefited from a nascent recovery in the US housing market.
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Posted on May 21, 2013 23:58
German software giant SAP said on Tuesday it intended to employ hundreds of people globally with autism as software testers and programers over the next seven years.
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Posted on May 21, 2013 23:58
British luxury clothing and accessories maker Burberry said on Tuesday that annual net profits fell 3.4 percent after it took a large exceptional charge.
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Posted on May 21, 2013 23:58
Best Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near term.
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Posted on May 21, 2013 23:48
British luxury group Burberry said its full-year pretax profit for the year ended March 31 rose by a better-than-expected 14 percent to $651 million on strong retail growth in Asian markets.
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Posted on May 21, 2013 23:48
China Fishery Group plans to raise its bid for Peruvian fish feed maker Copeinca if an agreed deal with Cermaq fails to get shareholder approval on Tuesday, it said in a statement.
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