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Ford Seen Boosting 2017 Net Profit As Lower Tax Rate Fuels Ford Beat In Second Quarter

Shares of Ford Motor Co went down 2 percent after the car maker forecast that a slightly lower 2017 pre-tax profit during its quarterly reporting where the company reported a better-than-expected quarterly net profit due to a lower tax rate and increased U.S. sales of more-profitable pickup trucks....

Betting on art and culture - learning from Oberthur Fiduciaire how to conquer new markets

For over a century, Oberthur Fiduciaire has been creating secure documents for States around the world. Be it for banknotes or for passports and administrative documents, their customers demand the highest levels of technology so as to stave off forgery and stay ahead of the security race. How can...

Philip Morris Told To Remove All Its Ads By India's Delhi Government

Warning Philip Morris International Inc and other tobacco companies of legal action if they do not comply, the state government in India's capital told the companies to remove all advertisements from tobacco shops in the city.   Distributing free cigarette samples and advertising promotional...

After Crimea Scandal, Siemens Retreats From Russian Energy

By announcing that it would halt deliveries of power equipment to Russian state-controlled customers and review supplies to Russian subsidiaries, Germany's Siemens moved to distance itself from a Crimean sanctions scandal.   Confirming a series of Reuters reports over the past weeks, the...

Amazon's Deceptive Discounting Being Probed By U.S.’s FTC

The Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts as part of its review of Amazon's agreement to buy Whole Foods, reported the media citing a source reportedly close to the probe.   The advocacy group Consumer Watchdog found...

Twice-Daily Show On Snapchat Launched By NBC News

As a part of its push to attract younger viewers who tend to watch TV on mobile devices, Comcast Corp's NBC News is launching a twice-per-day news show on Snapchat, the company said on Wednesday.   As it seeks to boost its digital offering, during the initial public offering by Snap Inc,...

Start Of Work On 2018-2020 Plan Flagged By Credit Suisse CEO

Beyond its present state of targets, Credit Suisse begins work this month on planning for its other strategic priorities, Chief Executive Tidjane Thiam said in a memo to staff, according to news reports in the local media.   While Thiam told the staff of the organization that preparation...

Shares Of JP Morgan Dip On Net Interest Income View, Posts Higher Profit

Riding on a strong loan growth and higher interest rates, JPMorgan Chase & Co reported a better-than-expected quarterly profit. However, its shares went down after the bank said that the net interest income for the year would be lower than expected.   Auto loans, an area where some...

Revolut Eyes Expansion In Asia, US After Raising $66 Million In Venture Capital Investment

With the aim of expanding its operations further across Asia and North America, Fintech app Revolut has raised $66 million in a venture capital investment.   Bringing its total investments up to $83 million by raising money through a Series B venture capital, the London-based business plans...

Imagination Technologies' Disclosure Timing Challenged By Apple

U.K. based Imagination Technologies Group Plc, one of Apple’s graphic chip suppliers was announced to be replaced by the iPhone maker recently and the U.K. chip maker had put forward a timeline of events leading up the disclosure. However, Apple Inc has now disputed that timeline by Imagination...

Deal Worth $23 Billion Of Sale Of 140 Planes To China Singed By Airbus

In what is a deal that would be worth a total of almost $23 billion at list prices, aircraft maker Airbus announced on Wednesday that it has signed an agreement to sell 140 aircraft to China.   Airbus said that a total of 100 A320 family aircraft and 40 A350 planes would be included in the...

With Record Second-Quarter Earnings, Samsung On Track To Take Intel's Chip Crown

With soaring memory chip sales pushing it past Intel Corp as the biggest semiconductor maker by revenue for the first time. Samsung Electronics Co Ltd is expected to report its best-ever quarterly profit in the second quarter.   The chip industry has seen a super-cycle amid limited supply...
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