Posts Tagged ‘Company’

LVMH Buys 17 Percent Of Rival Hermes

Stephanie Sims – AHN Entertainment Reporter Paris, France (AHN) – Is this the start of a battle between two of France’s luxury goods companies? Hermes reportedly rejected an “attack” on its capital from Louis-Vuitton Moet Hennessy (LVMH). LVMH, the French holding company and the world’s largest luxury goods group that owns more than 50 global [...]

First State Reports Third Quarter Results

ALBUQUERQUE, N.M.–(BUSINESS WIRE)–First State Bancorporation (“First State” or the “Company”) today announced its results for the three and nine months ended September 30, 2010, reflecting primarily provisioning for loan losses due to charge-offs and continued migration of loans to non-performing status in addition to write-downs of other real estate owned, due principally to the continued [...]

Firm that pushed “teaser rate” loans settles suit

A mortgage company that advertised home loans with low initial “teaser rates” without disclosing their risks will pay $1.15 million to Arizona to settle a lawsuit. Read comments View full post on All Stories

Nalco Q2 net up 40% at Rs 224 cr

National Aluminium Company has registered a 40% growth in its net profit at Rs 224.04 crore for the second quarter ended September 30, over the same period previous fiscal. View full post on All Stories

Nokia To Cut 1,800 Jobs As It Reports Profit

Hansen Sinclair – AHN News Reporter Helsinki, Finland (AHN) – Finnish mobile phone maker Nokia announced Thursday it will cut 1,800 jobs. The company issued the statement after reporting a net profit of $741 million for the three-month period ending in September, after a loss of close to that amount one year ago. The company [...]

Russia Rushes with Emergency Supplies for Bulgarian Nuclear Plant

Russian state company Rosatom has announced it will make an emergency delivery of equipment to help Bulgaria’s nuclear power plant Kozloduy tackle issues with defective supplies for Unit 6. On Tuesday, the Economy Ministry announced that defects in materials supplied for the repair of Unit 6 have necessitated their being replaced, which would delay switching [...]

Apple Smashes Sales Records, but Margins Marred

Apple broke several records in its most recent fiscal quarter, company executives disclosed during their Q4 earnings call on Monday afternoon. “We set new all-time records for Mac, iPhone and iPad sales, and had the highest quarterly revenue and earnings in Apple’s history,” said Peter Oppenheimer, the company’s chief financial officer. View full post on [...]

Frozen Vegetables Recalled, May Have Glass Fragments

David Goodhue – AHN News Reporter Bells, TX, United States (AHN) – A frozen food company that sells vegetables Kroger stores in the southeast United States and nationwide in Wal-Mart stores is recalling packages of frozen peas because they could contain glass fragments. The Pictsweet Company of Bells, Tenn. announced the recall on Friday. No [...]

Visteon Completes Reorg, Exits Chapter 11 Bankruptcy

Jeehan Fernandez – AHN News Writer Van Buren Township, MI, United States (AHN) – Visteon Corp., a leading global automotive supplier said it has finished its reorganization and exited the U.S. Chapter 11 process. The company completed all conditions of its plan of reorganization which was confirmed by U.S. Bankruptcy Court on Aug. 31 after [...]

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