Investing Archives - Page 43 of 80

Intel Blames Thai Floods For $1 Billion Cut In Revenue Forecast

Computing giant Intel Corp has lowered its 4^th quarter forecast for this year by $1 billion, citing the devastating floods in Thailand as the reason for a worldwide shortage of hard disk drives.

The world’s largest chipmaker said that its revenue for the quarter should fall to around $13.7 billion, plus or minus $300 million. Earlier in the year, Wall Street analysts had previously predicted revenues to be around the $14.7 billion mark.

European Companies More Averse To M&As in 2012 – Survey

European companies are less likely to engage in large merger and acquisition deals next year as compared to 2011, according to survey results published by UBS and Boston Consulting Group on Thursday.

The findings draw on the responses of 148 CEOs and senior managers from publicly listed companies in Europe. In its report, 46 percent of the respondents said that they would not, or were very unlikely to, pursue a firm with more than 500 million euros ($665.6 million) in sales – up from 41 percent last year.

No Sign Of Yakuza Involvement In Olympus Scandal: Panel Report

An investigative panel, led by a former Supreme Court judge, has uncovered no evidence of any involvement by organised crime groups in Olympus’s years-long cover-up of investment losses, with its report describing Olympus’s management as just being “rotten to the core.”

In its report issued on Tuesday, the company-commissioned panel found that Olympus executives had broken multiple Japanese laws for nearly two decades in order to investment losses of up to $1.67 billion.

Citigroup To Incur $400 Million Cost To Cut 4,500 Jobs

Citigroup Inc will record a $400 million charge for severances and other layoff-related expenses in its fourth quarter this year, as the company embarks on its latest effort to cut costs by laying-off 4,500 employees worldwide.

Speaking at the Goldman Sachs Financial Services Conference on Tuesday, Citigroup Chief Executive Vikram Pandit told investors that the cuts would be completed over “the next few quarters” and would come from a range of its businesses.

Infographic: The Walmart Economy

How big is Walmart? Apart from being the world’s largest retailer, Walmart is also the biggest private employer in the world with over 2 million employees worldwide. With over 8,500 stores in 15 countries, Walmart is also the world’s largest public corporation when ranked by revenue.

But what if we treated Walmart like an economy rather than just a corporation? Check out this infographic, which explores how Walmart compares to some countries in the global economy, as well as the impact that Walmart makes in the world.

How Asian Companies Use Social Media

Burson Marsteller recently released the “Asia Pacific Corporate Social Media Study 2011, How Asian Companies are Engaging Stakeholders Online”and here’s the shorter presentation.

Toyota, BMW To Collaborate On Green Technology

Auto giants Toyota Motor Corp and BMW AG have signed an agreement to work together on research for cleaner, next-generation car batteries, with the aim of producing cheaper “green vehicles” in the future.

At a press conference held in Tokyo on Thursday, representatives from both companies announced their intention to develop specific advanced powertrain technologies, with the initial focus to be placed in research of lithium-ion batteries.

New York’s Empire State Building Heading For An IPO

New York City’s 102-storey and 80 year-old landmark skyscraper, which stood as the world’s tallest building for more than four decades, is about to be taken public.

According to a DealBook report by the New York Times, the Malkin family that owns the Empire State Building is planning to list it on the stock market together with other properties.

Can The “Wild Beast of Finance” Be Tamed?

The re-regulation of derivatives has been a subject of enormous debate. After the US government completely deregulated over-the-counter derivatives back in 1999-2000, many critics argued that the complexity and lack of transparency in the market amplified the problems of the 2008 financial crisis. However, proponents say that the flexibility of OTC derivatives provide for financial innovation and user customization. As such, should the “wild beast of finance” be tamed, and more importantly, can it even be tamed in the first place.

German Court Gives Investors Permission To Sue S&P Over Lehman Ratings

A German higher regional court has overturned a ruling from a lower court judge, which had prevented investors in Germany from filing a lawsuit against credit rating agency Standard & Poor’s for its positive assessment of Lehman Brothers securities just prior to the company’s collapse in 2008.