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Samsung sees Q1 profit decline amid market saturation
2014-04-08 15:07:20| InfoWorld: Top News
Samsung Electronics on Tuesday warned that it would post a drop in operating profit during the first quarter of 2014. The largest smartphone maker said consolidated operating profit would be an estimated 8.4 trillion Korean won ($7.9 billion), down 4.3 percent from 8.78 trillion won a year earlier.
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Global trucking market: Brazil sees 13% growth in demand for heavy trucks during 2012
2014-04-04 20:54:58| Trucking - Topix.net
Thus, the European industry for heavy duty trucks contracted by 13% during H1 2013 as against year ago levels with demand impacted by the difficult economic conditions while the North American market registered a decline of 11% on the back of an ongoing economic recovery in the U.S. with replacement demand in Class 8 & improvements in the ... (more)
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Sony confirms PC market exit, sees FY loss
2014-02-06 09:01:00| Telecompaper Headlines
(Telecompaper) Sony has confirmed plans to sell off its PC business in order to focus more on smartphones and tablets. In addition, it plans to refocus its TV business on the high end of the market in order to turn the activities profitable by the fiscal year to March 2015. The above measures, as well as a target for a 20 percent reduction in manufacturing and production costs, will lead to a loss of around 5,000 jobs at the group as well as a net loss in the current year on restructuring charges and asset writedowns. In the December quarter, Sony still posted a net profit of JPY 27.0 billion, reversing a loss of JPY 10.8 billion in the year-earlier period. Revenues jumped 23.9 percent to JPY 2.413 trillion, due mainly to positive forex effects, as well as the new Playstation and stronger smartphone sales. Excluding currency effects, revenues rose 5 percent. The Mobile Products division, which incldues PCs and smartphones, was still in the red, with an operating loss of JPY 12.6 billion versus a loss of 21.3 billion a year ago. Revenues at the division were up 44.8 percent, or 18.8 percent excluding currency effects, to JPY 461.5 billion, driven by higher smartphones sales and an increase in phone prices, offset by lower unit sales of PCs. Sony sold 10.7 million smartphones in the quarter, up from 8.7 million a year ago. However, the company cut its outlook for full-year sales, to 40.0 million units from an outlook in October of 42.0 million.
Overstock.com sees new market in Bitcoins
2014-01-20 23:08:45| Apparel - Topix.net
The $1 billion company is tapping into a new market of buyers who use the online currency, and other major retailers will lose market share if they don't follow suit and accept Bitcoins, Overstock CEO Patrick Byrne said.
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sees
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sees market
Midday Market Stats: Dow Jones Industrial Average Sees Fourth Consecutive Day of Gains
2013-12-24 13:57:38| Steel - Topix.net
The Dow Jones Industrial Average has extended last week's post-Fed gains, tagging another record peak of 16,308.29 right out of the gate this morning.
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