Vodafone’s annual net profit rocketed to £59.25 billion, boosted by the enormous sale of its stake in US joint-venture Verizon Wireless, the British mobile phone giant said on Tuesday. Earnings after taxation surged to the equivalent of $100 billion…
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Struggling Japanese electronics maker Sharp said Monday it had swung back to profit for the full year to March after two years of huge losses, thanks to stronger sales and cost-cutting. The Osaka-based company booked a 11.56 billion yen ($114 million…
Twitter on Tuesday reported a $132 million loss in the first quarter, while revenues rose sharply and the popular messaging platform boosted its user base. The company said revenues grew 119 percent from a year ago to $250 million, and its monthly active…
US aerospace and defense giant Boeing raised its 2014 profit outlook Wednesday despite a first-quarter profit slide, citing strong demand for its new jetliners. A sharp rise in pension costs from a change in retirement plans offset Boeing’s robust commercial…
German software giant SAP said Thursday it is sticking to its full-year forecasts for 2014 after profits rose slightly in the first quarter. SAP said that net profit rose by 3.0 percent to 534 million euros ($739 million) in the period from January…
Wall Street stocks Monday moved higher in early trade following a big jump in US retail sales and a better-than-expected earnings report from Citigroup. About 30 minutes into trade, the Dow Jones Industrial Average advanced 62.81 points (0.39 percent…
Australian rugby chief Bill Pulver said Monday he is confident the relaunched National Rugby Championship can prove the doubters wrong and make a financial profit in its first year. The Australian Rugby Union (ARU) Monday announced nine teams to compete…