News Daily - United States
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Forbes - United States
Apart from the US and Canada, only Argentina and China happen to be producing either natural gas from shale formations or crude oil from tight formations at an international level. The UK is desperate to join the club, more so as the best days of its North Sea oil and gas assets appear to be behind it.
Posted on 25 November 2015 @ 11:13 pm
Puff and Apple falls down.
Posted on 25 November 2015 @ 8:03 pm
Leading customer relationship management software vendor Salesforce.com continued its relentless streak of strong revenue growth in the third quarter of fiscal 2016. (Fiscal years end with January.) We have reflected on the recently reported quarter at length and offer the following analysis. Salesforce’s farsightedness in expanding its portfolio beyond CRM has paid off in a big way. The unabated growth can be attributed to the success of its products even outside the CRM category, which has long been dominated by Salesforce. Until last year, the Sales Cloud accounted for over half of the company’s total revenues. This status quo is now changing rapidly with the Service Cloud outperforming the other divisions by a wide margin. It is set to catch up to the Sales Cloud gradually.
Posted on 25 November 2015 @ 6:43 pm
VMware’s stock has plummeted by about 25% in over a month following the announcement of the Dell-EMC deal. There have been a few points of concern for VMware’s shareholders since the deal was announced. EMC initially had an 80% stake in VMware, with 97% of voting rights. With Dell acquiring EMC, it has effectively taken the 97% voting rights but floated over 50% of VMware?s stock as “tracking stock” with no voting rights. Under the conditions of the deal, Dell would have a 28% stake in VMware with 97% voting rights, while existing VMware shareholders retain the 20% ownership with 3% voting rights, and over 50% ownership lies with former EMC shareholders in the form of tracking stock and no voting rights.
Posted on 25 November 2015 @ 6:41 pm
The three Chinese carriers recently published their October customer metrics, indicating that the Chinese wireless market (excluding MVNOs) expanded by roughly 2 million subscribers, with subscriber migration to high-speed data services (3G and 4G) coming in at a strong 18 million. While China Mobile and China Telecom posted their second-best number of high-speed customers adds since the launch of their respective 4G networks, China Unicom — the second largest carrier – continued to see some headwinds, with subscriber attrition and a moderation in the rate of its high-speed additions. Here’s a quick round-up of the state of the Chinese wireless market in October.
Posted on 25 November 2015 @ 6:39 pm
Hewlett-Packard Inc. announced results for Hewlett-Packard companies, i.e. HP Inc and HP Enterprise, on November 24th. (Fiscal year end with October.) The company reported that the full-year combined revenues for HPE and HPQ declined by 7% (2% in constant currency) to $103.4 billion. For the combined entity, the company reported fiscal year 2015 non-GAAP diluted net earnings per share of $3.59, within the previously provided outlook of $3.59 to $3.65 per share. For Q4, the net revenues declined by 9% to $25.7 billion and non-GAAP diluted net earnings per share of $0.93 were within the guidance range of $0.92 to $0.98 per share. In this note, we explore the segment result of each company (HPQ and HPE).
Posted on 25 November 2015 @ 6:37 pm
McCormick & Company (MKC) declared an increase in the quarterly dividend from $0.40 to $0.43 per share on its common stocks, payable January 15, 2016 to shareholders of record December 31, 2015.
Posted on 25 November 2015 @ 6:35 pm
RTT News - United States
Apple Inc. (AAPL) has reached a preliminary agreement with China UnionPay Co. to introduce its new Apple Pay electronic payment service in China through China UnionPay’s point-of-sales network, Bloomberg reported Wednesday, citing people familiar with the matter.
Posted on 25 November 2015 @ 3:22 pm
Toyota Motor Corp. (TYT.L, TM) has reissued a recall for 1.6 million cars in Japan for possible faulty airbag inflators made by Takata Corp. (TKTDF.PK).
Posted on 25 November 2015 @ 2:33 pm
Food giant General Mills Inc. (GIS) said Tuesday that it will use only cage-free eggs in its U.S. operations by 2025, marking the first time the company has provided a deadline for the conversion.
Posted on 25 November 2015 @ 4:27 am
Nippon Life Insurance Company, Japan’s second largest life insurance company, today signed definitive agreements to increase its stake to 49 percent from 26 percent in Reliance Life Insurance.
Posted on 24 November 2015 @ 10:09 am
Hedge fund Elliott Management Corp. has acquired a 6.4 percent stake in aluminum producer Alcoa Inc. (AA).
Posted on 24 November 2015 @ 4:15 am
HSBC Holdings Plc (HSBA.L, HSBC) will cut 2,000 jobs in its commercial banking unit within a two-year period as part of its efforts to cut costs, according to media reports on Monday. The Asia-focused bank is already said to have started the job cuts last week, including hundreds of UK-based positions.
Posted on 24 November 2015 @ 3:37 am
Brocade Communications Systems Inc (BRCD) on Monday reported an increase in profit for the fourth quarter, due largely to improved revenues and stronger margins, with both earnings and revenues trumping Wall Street estimates. However, shares of the company slipped over 6 percent on weak outlook.
Posted on 23 November 2015 @ 10:57 pm
Deutsche Welle - Germany
German household-scale battery maker Sonnenbatterie will soon enable buyers of its systems to trade energy with each other over the grid. It’ll save clients money, and it’s another step toward a clean energy future.
Posted on 25 November 2015 @ 8:35 pm
Germany’s vehicle safety regulator KBA has accepted Volkswagen’s proposed repairs for its emissions-cheating EA189 diesel engines in Europe, allowing the carmaker to apply an inexpensive refit to lower emissions.
Posted on 25 November 2015 @ 7:04 pm
Daimler AG head Dieter Zetsche has expressed his concern on the lack of female management power in his company. The outgoing CEO has said he hopes to have a woman take on his role when he retires.
Posted on 25 November 2015 @ 6:26 pm
Nepal has lowered its economic growth forecast from six to two percent as a result of strikes, violent anti-constitution protests in the southern plains, and an unofficial trade blockade imposed by India. DW examines.
Posted on 25 November 2015 @ 12:13 pm
A pact between Seoul and Washington on nuclear energy has officially entered into effect. The deal, almost five years in the making, stops short of allowing South Korea to reprocess nuclear fuel from the US.
Posted on 25 November 2015 @ 12:00 pm
Russia has said it is halting its gas supplies to Ukraine, waiting for Kyiv to make more upfront payments. Energy giant Gazprom sees serious risks to secure gas transit to Europe via Ukraine this winter.
Posted on 25 November 2015 @ 8:33 am
Japan is on its way to turning butter into a luxury item, the "Nikkei" daily has warned. It said butter prices in the Asian country may well hit record levels this winter, with a serious shortage becoming even worse.
Posted on 25 November 2015 @ 7:47 am
The Jerusalem Post - Israel
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Yahoo - United States
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