Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
FRANKFURT , Germany (AFP) — Deutsche Bank, Germany’s biggest lender, said Thursday that its profits were more than halved in the first quarter as the slowing global economy weighed on client activity. But the bank’s first-quarter performance still largely beat analysts’ expectations. Deutsche Bank said in a statement that net profit fell to 214 million euros ($243 million) in the period from January to March, down from 544 million euros a year earlier. That represented […]
TOKYO ,Japan (AFP) — Sony on Thursday posted a full-year profit of $1.4 billion, as strong sales of its PlayStation video games console helps the firm move past years of eye-watering losses. The figures may be a sign that things have finally turned for Sony, which has been clawing back to profitability with a painful restructuring that included layoffs and selling off assets, including its Manhattan headquarters and laptop division. The company, along with rivals […]
TOKYO , Japan (AFP) — Sony on Thursday posted a full-year profit of $1.4 billion, as strong sales of its PlayStation video games console helped it move past years of losses. The Japanese giant said its net profit came in at 147.8 billion yen ($1.4 billion) for the fiscal year to March, reversing a 126.0 billion yen loss a year earlier. But it held off giving a forecast for the current year as it assesses […]
SEOUL South Korea (AFP) Wednesday 4/27/2016 –Samsung Electronics, the world’s largest smartphone maker, reported a better-than-expected jump in net profits Thursday, boosted by the successful early release of its new flagship Galaxy handset. The result will encourage shareholders after a disappointing 2015 that saw the firm lose more than $8.0 billion in market value, with its smartphone business sandwiched by top-end rivals such as Apple’s iPhone and lower-end devices from fast-growing Chinese outfits Huawei and Xiaomi. In […]
by Glenn CHAPMAN SAN Francisco, United States (AFP) — Facebook on Wednesday fielded a plan to tighten Mark Zuckerberg’s grip on the helm as the booming social network reported stellar profit. Profit in the first quarter tripled from a year ago to $1.5 billion as revenue jumped to $5.4 billion from $3.5 billion in the same period a year earlier. “We had a great start to the year,” said Facebook co-founder and chief executive Zuckerberg. […]
SEOUL, South Korea (AFP) — Samsung Electronics, the world’s largest smartphone maker, reported a better-than-expected jump in net profits Thursday, boosted by the successful early release of its new flagship Galaxy handset. The result will encourage shareholders after a disappointing 2015 that saw Samsung lose more than $8.0 billion in market value, with its smartphone business sandwiched by top-end rivals like Apple’s iPhone and lower-end devices from fast-growing Chinese outfits like Huawei and Xiaomi. In […]
FRANKFURT, Germany (AFP) — Adidas, the German maker of sportswear and equipment, said Wednesday that it is raising its full-year forecasts after notching up better-than-expected growth in the first three months. “In light of the strong brand momentum, which is reflected in the better than expected first quarter performance, the group has increased its 2016 financial outlook,” Adidas said in a statement. “Management now projects sales to grow at a rate of around 15 percent […]
Junior doctors in England’s National Health Service staged their first ever all-out strike, walking out on both emergency and routine care. They are locked in an increasingly bitter dispute with the government and Health Minister Jeremy Hunt’s threat to impose a new contract on them.
The U.S. may be leading the race to design driverless cars. But China’s in hot pursuit, with a top-down plan to make them a common sight on the roads, long before drivers in the West start letting go of the wheel. Reuters’ Jake Spring reports from the Beijing auto show, where self-driving tech is getting a lot of attention.
by Patrice NOVOTNY Shortlisted as a potential buyer of US Internet giant Yahoo, the Daily Mail has made an online empire out of the kind of content readers can’t resist clicking on. The parent company of the tabloid founded in 1896, Daily Mail and General Trust (DMGT), confirmed this month that it is in talks with interested parties regarding a bid for the struggling Yahoo. Though DMGT boasts revenue of some £1.8 billion ($2.6 billion, […]
HONG KONG, China (AFP) — Hong Kong stocks slipped in the first few minutes of trade Wednesday following the previous day’s gains and as dealers await the conclusion of a key Federal Reserve policy meeting later in the day. The Hang Seng Index in Hong Kong was down 0.16 percent, or 34.94 points, at 21,372.33. But the benchmark Shanghai Composite Index was marginally higher, adding 2.49 points to 2,967.19, while the Shenzhen Composite Index, which […]
by John BIERS NEW YORK,United States (AFP) — Procter & Gamble’s bet on growing demand for adult incontinence products offered a bright spot Tuesday even as the consumer products giant reported another drop in quarterly sales. P&G spotlighted the fiscal third quarter success of its ‘Always’ line of adult incontinence products, launched in 2014, as a valuable offset to the effect of a mild winter in the US which reduced demand for cough and cold […]
