Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.
Tags: US market
Altice FY15 adjusted EBITDA rises 17.6% helped by Portugal, France and US units
Altice reported a rise in 2015 adjusted profit as sales improved in its France business division. The company expects to report another profitable year in 2016 by focusing more on its core businesses.
Walmex Q4 net income down by 18.4%
Wal-Mart De Mexico SAB posted an 18.4% drop in its fourth-quarter net income. High spending during the fourth quarter affected the retailer's earnings.
Fading economy could put Canada to $90 billion scarcity: study
The present government of Canada is experiencing a series of scarcity in the budget, which could reach $90 billion over the mandate period of four years. The struggling Liberal government needs to insert a minimum of C$50 billion into Canada's fading economy to assist the nation to sustain the fall in oil prices.
Volkswagen's trucks division mulls over IPO, expansion
Volkswagen's heavy truck division is exploring several options for enhancing business growth. The trucks division is studying initial public offer (IPO) plan and acquisition route to achieve higher growth rate. Trucks division is keen on expanding in the US and Chinese markets.
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Capital outflows from developing markets were higher than it was anticipated last year, according to a report by Institute of International Finance. The reason behind this oceanic change in emerging markets cash flow is China, which dragged out 676 billion US dollar.
Apple has won a court verdict regarding trade banning on certain older Samsung handsets. The verdict has been appeared as a long cherished Apple appeal. But since the matter relates to smart phones, so industry insiders prefer for negotiation instead of imposing court injunctions. This is because of the fact smart phones require others’ features to include on payment basis for continuous development of products to sustain in the competitive market.
HTC Corp. had cut the number of its US based workers, a move which the company referred a streamline on its operations after a period of growth.
Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.
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