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Procter & Gamble Co. share price up, to discontinue up to 100 brands

August 2, 2014 7:25 am
Procter & Gamble Co., the worlds largest consumer-products company, announced it is going to let go of at least half its brands, in a bid to improve profitability by focusing on its core, better-selling brands. “We’re going to create a faster-growing, more profitable company that is far simpler to manage and operate,” Chief Executive A.G. […] Read more

Sharp Corp share price down, logs climbing revenue, expects soaring sales in China

August 1, 2014 12:52 pm
Sharp Corp, Japans largest LCD screen manufacturer, reported earnings today, revealing an increase in both revenue and operating profit, and trimming quarterly net losses. The Osaka-based company still expects a sizable profit through years end, on the back of booming sales to Chinese manufacturers. Revenue for the three months through June 30 was ¥619.7 billion […] Read more

LinkedIn Corp share price up, posts better-than-expected second-quarter results, sees upbeat third-quarter sales

August 1, 2014 12:13 pm
LinkedIns shares surged more than 7% in extended trading in New York on Thursday as the professional social network announced growth picked up in the three months through June after five quarters of slowing sales and predicted better-than-expected performance in the third quarter. The company announced on Thursday that Chief Executive Officer Jeff Weiners measures […] Read more

IAG share price steady, reports rising profit, reaffirms strong outlook

August 1, 2014 10:54 am
International Consolidated Airlines Group SA (IAG), owner of British Airways and Iberia, posted robust earnings today, with increasing revenues and profit. The company restated a positive profit guidance and announced plans to further restructure Iberia. The company reported revenue of €5.1 billion in the three months to end-June, 6.7% higher than a year ago, as […] Read more

FTSE 100 index edges lower ahead of US jobs data

August 1, 2014 8:26 am
Britains blue-chip index edged lower on Friday after US equity markets suffered their worst performance in half a year on Thursday ahead of US employment data that may signal an early end to Feds equity-friendly monetary policy. The FTSE 100 index fell by 0.98%, or 65.81 points, to 6 664.30 points by 8:18 GMT, having […] Read more