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ADM Elects Directors at Annual Meeting, Declares Cash Dividend
2014-05-05 14:23:54| Agriculture - Topix.net
'Francisco brings substantial experience in public policy, international trade and international investment to our Board,' said ADM Chairman and CEO .
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annual
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Can Aeropostale Recover Before It Runs Out of Cash?
2014-05-03 20:16:22| Apparel - Topix.net
Sycamore Partners gave the teen retailer a bit of rope to hang on to, but unless it's able to reverse sliding sales and mounting losses, the lifeline may only serve as a noose used to hang itself.
eBay to repatriate $9bn cash to US
2014-04-30 03:04:52| BBC News | Business | UK Edition
E-commerce giant eBay says it is repatriating almost $9bn (5.3bn) of its cash held overseas back to the US, for potential acquisitions.
Tags: us
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UPDATE 1-Bayer offers animal health assets, cash for Merck's OTC unit -sources
2014-04-30 02:36:20| Chemicals - Topix.net
Bayer AG is offering to swap its animal health assets for Merck & Co Inc's consumer healthcare business, people familiar with the matter said on Tuesday, in a move that could give the German drugmaker a leg up in the $14 billion auction of the Merck business.
Tags: health
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Nokia moves to profit, boosts cash after handsets sale
2014-04-29 08:36:00| Telecompaper Headlines
(Telecompaper) Nokia reported first-quarter sales from continuing operations down 15 percent from a year earlier to EUR 2.664 billion. Adjusted operating profit rose 20 percent to EUR 304 million, and the net result improved to a profit of EUR 0.03 per share from a loss of 3 cents a share a year ago. The results exclude the handset activities sold to Microsoft, the proceeds of which boosted Nokia's net cash position to EUR 7.1 billion. The company also announced a special dividend of EUR 0.26 per share, plus its ordinary dividend for 2013 of EUR 0.11 per share. The main business Nokia Solutions and Networks recorded Q1 sales down 17 percent to EUR 2.33 billion, as equipment sales were flat and services revenue fell 25 percent. Cost reductions helped operating profit improve 10 percent year-on-year to EUR 216 million. The Here navigation division also moved to an operating profit of EUR 10 million on sales down slightly to EUR 209 million, and Nokia generated another EUR 131 million in revenue from licensing. Nokia maintained its full-year outlook for NSN to reach the high end of its long-term target of 5-10 percent adjusted operating margin, after a result of 9.3 percent in Q1. In addition, it now expects NSN to report annual sales growth in the second half of 2014. In Q2, the company expects a negative impact on margins from lower software sales at NSN and cash flow to be impacted by staff incentive payments.
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