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Amazon's Profits Hit By Investments In One-Day Delivery With 21% Cost Rise

Amazon.com Inc issued a profit warning for the current quarter while reporting a first in two years miss of profits for the most recently ended June quarter. The company cited its rapid and aggressive investment in its one-day delivery policy to increase sale growth to be one of the factors for the...

12,500 Jobs To Be Cut By Nissan, Quarterly Profits Drop By 95%

The second largest auto maker of Japan Nissan Motor Corp announced axing of about 12.500 jobs as well as plans for reduction of the number of model by at least 10 per cent in its efforts to stage a turnaround of fortunes. True to reports earlier, the company reported a drop in its quarterly profits...

Tesla Made Record Deliveries In Q2 Of 2019 But Still Made A Loss

A recent filing with the United States the Securities and Exchange Commission by the US electric car maker Tesla has shown that the company lost $408 million in the second quarter of 2019 despite it being able to deliver a record number of cars in the history of the company.   While being...

Beyond Meat’s Sausage Added To The Menu Of Dunkin’

The importance of alternative plant based meat is increasing. While the astronomical growth in the price of its initial public offering (IPO) of the United States based alternate meat company Beyond Meat, that increased by as much as 500 per cent in a few days, was an early indication of the...

Deutsche Bank Reports $3.5 Billion Loss As It Implements Turnout Strategy

Deutsche Bank, currently implementing a strategy to stage on a turnaround missed analysts forecast for loss for the last quarter with a reported loss of 3.15 billion euros ($3.5 billion). The quarterly performance also highlights the challenges that the lender faces in the path to the turnaround....

Fire Risk Forces Volvo To Recall Over 500,000 Cars Worldwide

Global auto maker Volvo is set to recall more than 500,000 of its vehicles throughout the world due to a risk of firer in the engines of the vehicles. The recall will include about 70,000 vehicles in the United Kingdom alone.   Explaining the fault that has compelled the auto maker to recall...

Highest Q2 Profits By UBS In Nine Years, But Warns Against ‘Rate Cuts’

The Swiss-lender UBS reported the highest net profit in the second quarter since 2010 at $1.4 billion. That was much higher that the net profit of 1.28 billion Swiss francs ($1.29 billion) that the company reported in the same period a year ago. This increase in net profits was clocked by the bank...

Hyundai Notes Highest Quarterly Profit Growth In 7 Years, Plans Higher US Market Share

South Korea's auto giant Hyundai Motor Co will bring in an expanded line-up of sport-utility vehicles (SUV) to rejuvenate its business prospects in the United States even as the company reported a second quarter profit that was highest quarter on quarter growth in over seven years.   The...

Record $650 Million In Settlement To Be Paid By Equifax For Data Breach

A record fine worth $650 million for settlement of charges of a massive data breach of users’ personal information against it back in 2017 brought in the United States federal and state agencies will be paid by credit reporting company Equifax Inc to get itself absolved of the investigations and...

Microsoft’s Market Value At Record High After Excellent Q3 Report And Cloud Growth Forecast

United States based tech giant Microsoft reached a record market value of more than $1 trillion for the first time in its history after the company forecast steady growth in revenues from its cloud computing business.   The company easily surpassed Wall Street expectations in profits and...

737 Max Crisis Forces Boeing To Take A $4.9B Charge For Second Quarter

The estimated disruption of the grounded Boeing 737 Max planes globally has forced the United States based plane maker to take an after-tax charge of $4.9 billion in the second quarter. All 737 Max planes of the company –one of its fastest selling ones, ground were grounded all across the world...

Vodafone's $22 Billion Acquisition Of Liberty Cleared By EU

The European Union has given the green signal to the $22 billion acquisition of Liberty Global’s cable networks in Germany and central Europe by Vodafone. This now removes most of the roadblocks for the British company to complete the acquisition that would make it the largest mobile, broadband and...
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