Alcatel-Lucent has also said it plans to sell part of its submarine-cable unit in an initial public offering this year. Chief Financial Officer Jean Raby said that is set to happen during the second half.
Should look for more of this company to be spin off.
General Motors beats by $0.39, beats on revs; co intends to raise dividend 20% to $0.36/share (GM) : Reports Q4 (Dec) earnings of $1.19 per share, ex-$0.53 in items, $0.39 better than the Capital IQ Consensus of $0.80; revenues fell 2.2% year/year to $39.6 bln vs the $38.09 bln consensus.
Earnings before interest and tax (:EBIT) adjusted was $2.4 bln in Q4, compared with $1.9 bln in 4Q13.
GM North America (:GMNA) reported EBIT-adjusted of $2.2 bln in the fourth quarter of 2014, compared with $1.9 bln in 2013.
GM Europe (GME) reported EBIT-adjusted of $(0.4) bln in the fourth quarter of 2014, which includes $0.1 bln for restructuring costs. This compares with $(0.4) bln in 2013, which also included $0.1 bln in restructuring costs.
GM International Operations (:GMIO) reported EBIT-adjusted of $0.4 bln in the fourth quarter of 2014, compared with $0.2 bln in 2013.
Co intends to increase the second quarter dividend on its common stock by 20% to 36 cents per share.
A $12B lose that the US taxpayers had to eat on the GM loan along with the huge tax breaks that GM got, it is time for the government to claw back part of this. GM now can pay their fair share in taxes just like all the other companies do. They should put a stop to the tax breaks.
Heinz-Peter Mang is obsessed with turning human waste into gold. As millions of Chinese move to cities, the German engineer is convinced the country is on the way to hitting the jackpot.
Someone from Saudi Arabia will be RIG's white knight and beat China to the punch.
Take out a second mortgage on you home and barrow as much money has you can and buy ALU.
A buyout of RIG at a 32% premium would only cost $20.79 per share. What a great deal for some company to buy this right now. A company could bough the money at these low interest rates, buy the company for almost nothing. You would think an oil company would at least be looking at RIG.
Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas.
So you see nothing wrong with a company moving it’s head quarters to another country to legally avoid the paying the higher tax here in the US. This is completely legal for the company to take the opportunity to increase their bottom line by savings in taxes.
Nokia also said it plans to pay an annual dividend 0.14 euros per share, compared to 0.16 euros expected by the analysts. Last year it paid an extra 0.26 euros on top of an annual dividend of 0.11 euros.
Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in China and North America.
Receipt of a favorable ruling from the Internal Revenue Service with respect to certain aspects of the transaction and a legal opinion with respect to the tax-free treatment of the transaction. Everyone's better off, that is, except ... you know. If Yahoo and SpinCo are saving $16 billion in taxes, that means that the IRS doesn't get $16 billion in taxes. That's how taxes work. This is a tax dodge. A loophole that needs to be closed and make them pay their fair share in taxes.
(Bloomberg) -- The Obama administration proposed opening to offshore drilling an area from Virginia to Georgia in a policy shift sought by energy companies but opposed by environmentalists worried about resorts such as the Outer Banks or Myrtle Beach.
The offshore plan for 2017-2022 marks the second time President Barack Obama has recommended unlocking areas in the U.S. Atlantic for oil drilling, and it drew a swift retort from allies who say the payoff doesn’t justify the risk of a spill along the populated coast. The agency said Atlantic leases won’t be auctioned for at least six years and drilling wouldn’t start for several more years.
“This plan takes a balanced approach to oil and gas development,” Interior Secretary Sally Jewell told reporters Tuesday on a conference call. “It protects areas that are just too special to develop.”
An oil tanker that hauled 1 million barrels of Kurdish crude to the U.S. six months ago didn’t unload its cargo and is now making a return trip across the Atlantic Ocean with the shipment still on board.
Well we got today the revised numbers of the revised numbers for November. And they say you can not believe the numbers that come out of China. I am going to wait for the revised numbers of the revised numbers of the revised number for November at the end of January, when they release the revised number of the revised numbers for December.