British tech entrepreneur Mike Lynch on Thursday said he would file a claim against Hewlett-Packard for $150 million in damages over allegations the U.S company made about his role in the acquisition of his software company Autonomy in 2011. Lynch’s action marks the latest twist in a long-running battle between the HP and Lynch that has led to multiple lawsuits over who is to blame for a disastrous deal that
SEOUL (Reuters) – South Korean consumer electronics maker LG Electronics Inc expects sales at its mobile division to improve starting from the fourth quarter as the firm launches new devices, a senior executive said on Thursday. Speaking at a launch event for the new V10 smartphone, LG mobile division chief Cho Juno told reporters the firm will use the high-end device as well as new mid-to-low tier products to boost
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General Motors Co told Wall Street on Thursday that its recovery is gathering momentum with improving margins, strong brands, new markets for high-tech vehicles, and prospects for stronger profits in coming years. The No. 1 U.S. automaker said it is targeting an increase in earnings per share to between $5 and $5.50 per share before items, from the $4.50 per share that Wall Street analysts expect for this year. GM
Shares of the company, which said it would close the stores this year and in 2016, fell as much as 13 percent on Thursday. Dunkin’ estimated a growth of 1.1 percent in comparable sales at its U.S. Dunkin’ Donuts stores in the quarter ended September compared with a 2 percent rise a year earlier. The company said the stores being closed accounted for 0.1 percent of its U.S. sales.
Major automakers booked double-digit sales gains last month in the U.S. market, helped by strong growth from key brands like Jeep and a later Labor Day holiday. Ford saw 23 percent sales growth in September, …
Five years after United Airlines and Continental merged, the company’s new CEO declared in a public letter that the combined company has failed to live up to the expectations of both fliers and United’s …
We’ve seen the “expected” reduction in public expectations given the market realities.
U.S. manufacturers expanded at their slowest pace in two years last month, held back by faltering global growth and cutbacks in oil and gas drilling. The Institute for Supply Management said Thursday that …
