In a case with wider implications for the financial industry, jurors in a class-action securities fraud suit found that BankAtlantic Bankcorp was liable to shareholders for about $42 million for making false statements about th…
Nokia Siemens Networks’ chief financial officer says the telecom equipment maker may launch an IPO in its distant future, a move that could help its current efforts to sell a chunk of its stock to private equity buyers.
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Women’s clothing retailer Ann Taylor Stores (ANN) said Friday that its third-quarter profit surged, handily beating analyst estimates, as sales grew by 9%, margins remained high.
“We are extremely pleased with the Company’s excellent performance for …
Volkswagen (VLKAY), Europe’s top carmaker, plans to invest €51.6 billion ($71 billion) over the next five years.
The company’s supervisory board approved the investments in plants, vehicles and development for the nine Volkswagen brands, Bloomberg News reported.
Volkswagen’s Chinese joint ventures will spend an extra €10.6 billion through 2015.
The company hopes to sell…
Continue reading Volkswagen Unveils $71 Billion Investment Plan
Volkswagen Unveils $71 Billion Investment Plan originally appeared on DailyFinance on Fri, 19 Nov 2010 08:20:00.
Filed Under: Company News, Technology, Autos
Heinz Co. (HNZ) reported earnings per share from continuing operations of 78 cents for the quarter ended Oct. 27, compared with 76 cents per share a year earlier.
Sales for the second quarter of fiscal 2011 fell 1.2% to $2.61 billion, the company sai…