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Chevron profits plunge on weaker crude oil prices

2015-07-31 20:18:14| Oil & Gas - Topix.net

Chevron profits plunged 91 percent, a feeble financial result that was caused by falling oil prices and charges against earnings, the energy giant reported Friday in a release that came days after wide-ranging job cuts by the company. Shares of Chevron nose-dived more than 4 percent on Friday following the report, which missed Wall Street's expectations.

Tags: prices oil profits crude

Thai auto sales forecasted to plunge nine percent in 2015

2015-07-29 11:54:31| Auto Dealers - Topix.net

Japan's Toyota, Thailand's largest carmaker, announced recently it has trimmed its prediction for the overall Thai auto deliveries from all automakers for the entire year. The move to downsize the forecast for the entire Thai auto industry to a 9 percent fall comes amid the weak performance of the second-biggest economy in Southeast Asia.

Tags: auto sales percent thai

LG Electronics reports 45 percent plunge in 2Q earnings

2015-07-29 09:37:42| Electronics - Topix.net

LG Electronics says its second quarter earnings sank 45 percent over a year earlier as losses widened in its TV business. The company reported Wednesday a net profit of 226.4 billion won for the April-June quarter, compared with 411.8 billion won a year earlier.

Tags: reports electronics percent earnings

Hyundai Motor's profit down 24 per cent as sales slow in China, foreign currencies plunge

2015-07-23 09:44:43| Automakers - Topix.net

Hyundai Motor Co. says its second quarter earnings sank 24 per cent due to a sales drop in China and weakness in other markets due to falling currencies.

Tags: sales china foreign slow