Company Results
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Tesla to Launch A New Car Model Next Month

TeslaTesla, a leading electric vehicle manufacturer, has announced recently that its new car Model S can now be launched in the market any day, a new report says.

However, it had been announced by the firm sometimes back that the car would launched in July, it is now being said that those who have already ordered the luxury EV would get the same by June 22.

Netflix Facing Hurdles in Creating Facebook Application in America

Netflix Facing Hurdles in Creating Facebook Application in AmericaIt has been reported that video streaming and sharing site Netflix has been prohibited from making Facebook app in America. In 1980, a law to protect the privacy of the consumers was passed which, at present, is believed to be causing a trouble to Netflix in creating Facebook application.

A Decline in Operating Profit: Suspects Baker Hughes

Baker-HughesConsidering the changing market conditions, Baker Hughes Inc. BHI suspects the chances of its first-quarter operating profit to decline from the preceding quarter by 5.81%. According to their calculations and survey, it seems that due to market conditions, their product line has been badly affected in North America.

Singapore’s manufacturing sector output slips 9.6% in November

Singapore’s manufacturing sector output slips 9.6% in November  Singapore's manufacturing sector suffered a year-on-year decline of 9.6 per cent in output in November, fresh figures compiled by the Economic Development Board (EDB) revealed.

Excluding biomedical output, manufacturing production slipped 13.5 per cent last month from the corresponding period of last year.

Dubai’s Drake and Scull Q2 net profit zooms 22%

DubaiDubai based Drake & Scull International posted healthy growth beating the forecasts made by analysts. The growth is attributed to diversification and expansion by the firm in regional markets other than the United Arab Emirates
(UAE).

Dubai Investments post 30 pct decline in net profit

Dubai Investments post 30 pct decline in net profitDubai Investments, in which sovereign fund Investment Corporation of Dubai (ICD)owns an 11.5-percent stake, has announced financial figures for the second quarter, reporting 30 per cent decline in its net profit. The UAE based conglomerate said that it would secure additional financing for expansion of business during the remaining period of current financial year.

UAE’s auto sector posts 19.7% growth in 2010

The Ministry of Foreign Trade (MoFT) recently released figures related to the automobile segment of the country. Country’s automotive market grew by 19.7 per cent in 2010 to $11.1 billion as compared to $9.2 billion reported during the corresponding period last year.

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