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Nokia Siemens to Cut Up to 9% of Work ForceThe move comes as the company attempts to weather a double-digit sales decline and stiffer competition from Chinese manufacturers. ... |
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Spectrem Millionaire Investor Confidence Index (SMICI (SM)) Falls 2 Points in October to -7First Decline Since June 2009; Spectrem Affluent Investor Confidence Index (SAICI (SM)) Down 2 Points to -15 ... |
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German brands October sales: Mercedes, Porsche, VW up; BMW down; Smart hit hardVW posted a 7% increase in October over the same month a year ago. The Rabbit’s fade-out led the negative column, with a 44% decline. The Jetta posted a solid 25% increase. The Passat, down 41% is giving way to the CC, which is way up at +256%. The CC now outsells the Passat almost [...] ..... |
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Newell Rubbermaid Profit Climbs on Cost CutsCost-control efforts and its decision to stop making some of its less-profitable products helped push the company’s third-quarter profit higher even as sales declined. ... |
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BP's Net Slips, Beats ForecastsBP posted a 34% fall in third-quarter net profit as oil and gas prices fell from record levels a year earlier, but overall results came in ahead of expectations, helped by cost savings and a lower tax rate. ... |
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Canon Third Quarter Profit Falls 54% on Slow Copier DemandCanon posted a a 54 percent drop in quarterly profit as weak copier demand outweighed robust digital camera sales, and the company kept its annual forecast for a 62 percent decline. ... |
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