Company News

Goldman Sachs Reported Better than Expected Third-quarter Results.

Goldman Sachs Reported Better than Expected Third-quarter Results.On Thursday, Goldman Sachs Group reported a better than expected third-quarter results.

The earnings of Goldman Sachs increased $4.57 per share to $2.24 billion. In 2013 the third quarter figure stood at $2.88 a share or $1.52 billion.

As per the expectation of the analysts the bank was to earn $3.21 a share.

SABMiller’s Proposal for Heineken Rejected

SABMiller’s Proposal for Heineken RejectedOn Sunday, the Heineken family which own one of the world's largest breweries, Heineken was reported to have rejected a takeover offer that cane from SABMiller.

SABMiller has developed quickly into being the second largest brewer in the world by making the right acquisitions at the right time. It remains ahead of Heineken and Carlsberg.

Tiffany & Co. Raises Full Year Forecast as Sales Improve

Tiffany & Co. Raises Full Year Forecast as Sales ImproveTiffany & Co. the well known upmarket jeweller for the second time improved the forecast for its full-year profit after it experienced a better than expected increase in the company's quarterly profit. The rise is mainly attributed to the sturdy rate of sales and the growing prices for its swanky jewellery in Americas' which are its prime markets.

Weyerhaeuser Shifting Its Headquarters to Seattle

Weyerhaeuser Shifting Its Headquarters to SeattleWeyerhaeuser, the forest products company is surely one among the major companies of the Pacific Northwest and has been there for more than 110 years. It now plans to shift base and relocate its headquarters along with 800 of its employees to Seattle from Federal Way.

The move is expected to take place in 2016 on completion of a new building construction at 200 Occidental Ave. S.

Prosecutors in China Charge Investigators Linked to GSK for Illegally Obtaining Data

Prosecutors in China Charge Investigators Linked to GSK for Illegally Obtaining DataIn the recent years China has made arrangements to make its privacy laws stricter. The country amended its criminal policy to forbid the transfer, sale or gathering of information of any Chinese citizens by the government firms and companies who are involved in telecom business, education transportation and medical treatment, in 2009.

Adidas Trims Outlook Forecast Owing to Sluggish Golf Business and Concerns Over Russia

Adidas Trims Outlook Forecast Owing to Sluggish Golf Business and Concerns Over RussiaOn Thursday the shares of sports equipment maker Adidas AG fell following the cut of its 2014 outlook and postponement of the targets of 2015.

World Cup sponsor cited the reasons of its actions as the growing risks surrounding Russia and testing times at its golf business.

PayPal helps eBay revenue jump 13% despite worsening competition

PayPal helps eBay revenue jump 13% despite worsening competitionEBay Inc. the online retailer on Wednesday posted a 13% growth in its quarterly income which was possible mainly due to the better-than-expected results which came from its quickly growing PayPal division. The good results from Pay Pal helped EBay to overcome growing competition from rival Amazon. com Inc. along with a recently exposed cyber attack which revealed the data of customer.

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