Dell's second quarter profit jumped 46%, on stronger sales of enterprise products and services, improved average selling prices and favorable component costs.
In the quarter, computer maker earned $733m, or 32 cents per share, compared to $502m,...
Archive - August 2007
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BAA, the main operator of Britain's airports, is planning to cut about 2,000 jobs and aiming to sell one or more of its seven UK airports.
The firm, which was bought by Spanish firm Ferrovial last year, to streamline the services, company...
NBC Universal agreed to buy Sparrowhawk Media, which owns the channels, from the private equity firms 3i and Providence Equity Partners.
With the acquisition NBC Universal will double the size of its cable operations outside the United States....
Rio Tinto, the world's third largest miner by revenues, has won U.S. antitrust authority's approval for its $38.1bn takeover of Alcan Inc.
Alcan board has already accepted the bid and under the terms of the deal, Anglo-Australian mining group...
Woolworths is constantly making every year profitable by cutting its costs meticulously through automated ordering and centralized distribution networks.
For June 2006 to 2007 fiscal year, Woolworths' net profit jumped 27.5% to a record $1.026bn...
Gap Inc successfully posted a 19% rise in quarterly earnings despite sluggish sales at stores open more than a year, helped by cost-cutting and announced plans for a $1.5bn share buyback program.
In the fiscal second-quarter, Gap's net income...
HSBC chance to float over to South Korean banking business is facing obstruction from unions as negotiations to secure the $4.5bn deal is feeling heat.
Banking giant HSBC is in talk to buy a controlling stakes in Korea Exchange Bank (KEB), but...
HSBC Holdings Plc is eager to enter in South Korean banking business and needs a bigger network to compete with its archrivals Citigroup and Standard Chartered. After DBS's reluctance to purchase shares in the Korea Exchange Bank from the Lone Star,...
The ongoing credit crunch, generated by the US subprime mishmash can trigger upheaval for the Royal Bank of Scotland-led consortium to finance the $95.51bn offer to ABN Amro.
Due to lack of liquidity in the market, hedge funds are believed to have...
Sentinel Management Group Inc., a cash-management firm, who froze client withdrawals on Tuesday, filed for bankruptcy after a federal judge blocked it from selling assets to Citadel Investment Group.
Illinois-based firm, which managed about $1.6...
Low cost airline Ryanair has acquired majority stakes in Aer Lingus after buying 16 million shares from an unnamed seller.
The aggressive cut-price carrier has spent $49.52m or $3.15 per share for additional 16 million shares, which increases its...
Hewlett-Packard's third-quarter profit beats Wall Street's estimates, as the technology bellwether continued to cash in on brisk sales of personal computers.
HP's net income for the third quarter was $1.78 billion or 66c per share, a 29% jump...
Qantas Airways' annual profit surged 50% to a record $587 million, despite a 19% hike in its annual fuel bill because of higher oil prices.
Qantas revenue for the fiscal year ending June 30, rose 11% to $12.4 billion, whereas its pretax profit...
Amgen Inc., the world's largest biotechnology company, plans to reduce workforce by 14% amid the fear of declining sales of its top-selling drug, Aranesp.
Board decision will leave some 2,200 to 2,600 people jobless, but will save $700 million...
The Blackstone Group's second-quarter net income surged, more than tripled on fees and profits from its leveraged buyouts.
Revenue growth was strong across all four sectors of the firm, especially the core private equity and real estate units. But...
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