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Samsung quarterly profits plunge to 8 year low on demand slump

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global...

Shell wants to share more of its blockbuster profits

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it...

Pfizer’s 2021 profits doubled to $22 bn on strong Covid vaccine sales

Pfizer forecast more than $50 billion in 2022 sales for its Covid-19 vaccine and therapeutic on Tuesday as the giant pharma company reported a...

Govt hikes profits in National Savings certificates

Savings department has notified the increase via a circular today with an immediate effect that is, starting January 21

American weapon maker anticipates better full-year outlook after Q3 profits

US weapons maker Lockheed Martin reported a better-than-expected third-quarter profit, attributable to higher sales in its aeronautics unit which makes the F-35 fighter jet, and raised its full-year earnings forecast.

Electric cars cast growing shadow on profits

PARIS: Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers...

Apple’s iPhone X hits stores as profits soar

Apple's flagship iPhone X hit stores around the world on Friday, as the company predicted bumper sales despite the handset's eye-watering price tag and...

Samsung CEO Kwon announces shock resignation as profits surge

SEOUL: Samsung said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum...

Qatar Airways boss says ‘bullying’ Gulf states will hit profits

DOHA: Qatar Airways' outspoken boss Akbar Al-Baker accused neighbouring Gulf states Thursday of "bullying" his country during the region's political crisis and said his...

Cloud boosts Microsoft as it absorbs LinkedIn

WASHINGTON: Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus...

Samsung says Q4 profits up 50% despite Note7 recall

SEOUL: Samsung Electronics' profits leaped in the fourth quarter, it said on Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation...

Twitter’s video-sharing mobile app Vine to shut down

CALIFORNIA: Twitter Inc announced Thursday that it would discontinue the video-sharing mobileapp Vine, as it moves to cut 9 percent of its workforce worldwide to...

Adidas says profits hit by falling ruble, divestment

FRANKFURT: Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.

Exxon, Chevron results boosted by refining as oil prices slip

A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude prices.

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