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Diageo's India unit eyes high-end spirits to reverse market share loss
2015-10-29 04:02:00| Beverages - Topix.net
India's United Spirits Ltd will scale back its roster of more than 150 brands and focus on the faster-growing top end, hoping to bolster its fortunes in a market dominated by cheaper, local names. Bottles of Johnnie Walker whisky move along on the production line at the Diageo owned Shieldhall bottling plant in Glasgow, Scotland March 24, 2011.
Ballard posts big third-quarter loss but sees a rosier future
2015-10-29 03:58:24| Electronics - Topix.net
Princess Astrid of Belgium, centre, listens to a presentation at hydrogen fuel cell manufacturer Ballard Power Systems in Burnaby Tuesday. While auto manufacturers such as Mercedes and Toyota have been grabbing headlines on the more glamorous side of the hydrogen fuel-cell sector, it is proving to still be a tougher business for fuel-cell manufacturer Ballard Power Systems, which recorded another multi-million-dollar loss in the third quarter of 2015.
Hess reports 3Q loss
2015-10-29 01:38:30| Oil & Gas - Topix.net
Hess Corp. on Wednesday reported a third-quarter loss of $279 million, after reporting a profit in the same period a year earlier. The New York-based company said it had a loss of 98 cents per share.
Statoil posts Q3 loss, continues to feel sting of low oil prices
2015-10-28 13:11:15| Oil & Gas - Topix.net
Norwegian oil and gas company Statoil posted a loss in the third quarter despite attempts to slash costs amid declining oil prices. The state-controlled company posted a net loss Wednesday of 2.8 billion kroner in the July-September period, compared with a loss of 4.7 billion kronor in the same quarter last year.
Volkswagen slumps to first quarterly loss in 15 years
2015-10-28 12:46:03| Auto Dealers - Topix.net
The news came as the carmaker's new CEO was about to fly out to China with German Chancellor Angela Merkel and other business leaders to promote trade in a major export market and try to limit the damage of a scandal that has rocked the auto industry. Almost six weeks after it admitted using illegal software to cheat U.S. diesel emissions tests, Europe's biggest carmaker is under pressure to identify those responsible, fix up to 11 million affected vehicles and convince regulators, investors and customers that it won't make the same mistakes again.
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