Subaru had suspended operations at the plant following a suspected defect in a power steering component. On Monday, Subaru Corp disclosed, it has restarted its only car factory in Japan. The resumption of work at the plant comes in the… Read More ›
earnings
Vodafone to slash operating costs by 1.2 billion: CEO Nick Read
Vodafone’s first quarter results were broadly in line with market sentiments. On Tuesday, Nick Read, Vodafone’s new chief executive stated, he aims to slash the company’s operating costs by 1.2 billion euros by 2021; he also plans on reviewing Vodafone’s… Read More ›
Honeywell International Inc’s 2nd quarter profits beat analysts’ estimate
On the wings of strong sales from its businesses which makes a host of products ranging from supply chain and warehouse automation equipment to aircraft engines and catalysts for petroleum refining, Honeywell International Inc reported a better-than-expected second quarter profits… Read More ›
Foreign investors sold Japanese equities worth $7.06 billion in May-June 2018
Having purchased substantially in the first half of the month, foreign investors turned net sellers once the Trump Administration raised the ante, escalating the trade dispute into a potential trade war against Chinese imports to the U.S. aimed at balancing… Read More ›
Daimler sees its 2018-2019 profit dip due to U.S.-China trade tensions
Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›
European business software giant SAP to acquire U.S. cloud sales management software Callidus Software Inc for $2.4 billion
The move underscores SAP core strategy of leaning on cloud-based solutions to drive up its margins and revenues. On the sidelines of SAP, Europe’s top tech company, posting results that were on the lower side of market expectations, the firm’s… Read More ›
Here’s how the U.S. industry is going to benefit from the tax overhaul
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
SEC’s staff legal bulletin places burden of proof on investor proponents
The new measure comes in the wake of demand for reforms in annual director elections as well as on topics related to corporate governance. Going by the SEC’s “staff legal bulletin”, companies are likely to block ethical or social matters… Read More ›
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