Why it matters to you As Nikon continues restructuring, it achieved a profit increase, but only from closing a plant that made compact cameras. Imaging giant Nikon is closing one of its manufacturing centers. On Monday, October 30, Nikon announced the closure of the subsidiary Nikon Imaging China Co. Ltd. (NIC) as part of a…
DALLAS–(BUSINESS WIRE)–DexYP*, one of the largest national providers of local business automation software, today announced financial results for third quarter 2017. Key highlights for DexYP: Generated $568.2 million of Pro Forma Net Revenue Achieved $139.3 million of Adjusted Pro Forma EBITDA, a 24.5% EBITDA margin Produced $54.1 million of Free Cash Flow and reduced Net…
Net revenues increased 2.1%; Organic Net Revenue1 increased 2.8% Operating income margin was 18.1%, up 710 basis points; Adjusted Operating Income1 margin was 16.9%, up 130 basis points Diluted EPS was $0.65, up 86%; Adjusted EPS1 was $0.57, up 12% on a constant-currency basis DEERFIELD, Ill., Oct. 30, 2017 (GLOBE NEWSWIRE) — Mondelz International, Inc.…
Due to the drastic contraction of digital camera sales resulting from consumers’ changing habits, leading Japanese digital camera maker Nikon announced on Monday it was shutting down its plant in Wuxi, East China’s Jiangsu province. Nikon Imaging (China) Co Ltd (NIC) was established in Wuxi in 2002 and was responsible for the manufacturing of digital…
HONG KONG (AFP) – Pre-tax profit at banking giant HSBC leapt fivefold in the third quarter to US$4.6 billion (S$6.28 billion), the company said on Monday (Oct 30), as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled…
Initially, the departure of Lionsgate COO of International Andrew Kramer from the companys Motion Picture Group last week was reported as the byproduct of restructuring prompted by the hiring of the Groups new co-president Joe Drake. However, according to The Hollywood Reporter, Kramers departure also reportedly follows an incident of alleged sexual-harassment against a female…
Earlier this month the bosses of seven of the UKs largest wholesalers argued that the deal threatens the survival of the independent retailer and called on the CMA to block the deal. The wholesalers, which include the countrys largest buying group Todays Wholesale Services, Spar, Bestway, Bidfood, Landmark, Confex and Sugro, argued that the Booker…
by Rana Foroohar Does corporate governance matter? Or, to be more precise, do investors really care about it? This is a question that I have been pondering for two reasons. First, huge amounts of passive investment has made questions about corporate decision making irrelevant for many investors. When you are just tracking the index, you…
LONDON (AP) Barclays says third-quarter earnings rose 32 percent as the London-based bank reported its first results since completing a post-financial crisis restructuring. Pre-tax profit increased to 1.11 billion pounds ($1.47 billion) from 837 million pounds. The bank, which shed riskier assets and sold its African business to focus on Britain and North America, said…
* Q3 net profit rises to 649 mln eur vs 278 mln eur * Revenue down 10 pct, prospects for Q4 muted * Bond trading revenue down 36, equities down 16 pct * Costs down 13.5 pct y-o-y on lower restructuring, litigation * Shares down 1.6 percent (Adds shares, analyst comment) By Tom Sims and…