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Consumer Goods

  • [$$] Panasonic to Help Build Tesla Battery Plant @ The Wall Street Journal - 3 minutes 23 seconds ago

    Panasonic will invest in equipment and machinery for a battery joint venture with electric car maker Tesla Motors, but didn't say how much it will invest in the project.

  • Xiaomi Inc, the three-year old company known as the Apple of China, has become the world's No.5 smartphone maker by market share while Samsung Electronics Co Ltd's lead has continued to shrink, a report by Strategy Analytics shows. Three out of the world's top 5 smartphone sellers were Chinese manufacturers in the second …

  • [$$] Samsung Mutes Calls for Payouts @ The Wall Street Journal - 16 minutes ago

    Samsung disappointed investors by keeping its interim dividend unchanged, despite widespread calls for it to increase shareholder payouts.

  • When Samsung took the time to update investors ahead of its upcoming quarterly earnings report, it warned 'weak demand' for phones and an increased marketing spend could hit the company hard. That report ...

  • It's official: Tesla Motors will team up with Panasonic to build what is shaping up to be the Mother of All Lithium-ion Battery Factories. Or Gigafactory, as Tesla calls it. The announcement on Thursday says Tesla will be in charge of providing and managing the land, buildings and utilities of the [...]

  • Panasonic, Tesla to build big US battery plant Associated Press - 35 minutes ago

    American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. The companies ...

  • Fast food ambitions in China hurt by safety scares Associated Press - 48 minutes ago
    Fast food ambitions in China hurt by safety scares

    Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day. That dramatic growth comes with a big catch: KFC's quality control ...

  • Sony surprises with first quarter profit Associated Press - 50 minutes ago
    Sony surprises with first quarter profit

    Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game ...

  • Essentra Plc (ESNT), the U.K. manufacturer of items from toothpaste tubes to packaging tape, said revenue accelerated in the second quarter as it sold improved cigarette filters and won more business testing electronic cigarettes. Sales rose 9 percent on a like-for-like basis in the first half, with 10 percent growth in …

  • Panasonic Corp. (6752) , the supplier of batteries for electric-car maker Tesla Motors Inc., posted first-quarter profit that missed analyst estimates as consumer electronics demand in Japan weakened. Net income fell 65 percent to 37.9 billion yen ($368 million) in the three months ended June, Osaka-based Panasonic said …

  • It wasn't long ago that Sony, almost inexplicably for a company of its size and heritage, was losing money everywhere it went. After a few years of pain, however, things have begun to look up, with the ...

  • Logo of Sony Corp is pictured at an electronic store in Tokyo

    Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, but said restructuring will help it turn a profit in its loss-making consumer electronics division for the first time in four years. Reporting April-June operating profit doubled, boosted by its games and networks …

  • Japan's Sony Corp said operating profit doubled in the April-June quarter, helped by a strong performance in its games and networks division, even as the firm cut smartphone and TV sales forecasts that analysts had said were too ambitious. Sony said operating profit in the first quarter of its fiscal year surged to 69.8 …

  • Target Corp. (TGT) is hiring PepsiCo Inc. (PEP) executive Brian Cornell as its chief executive officer, the Wall Street Journal reported today. The 55-year-old will step into the role vacated after Gregg Steinhafel left in May, and PepsiCo will announce his successor soon, the newspaper reported, without saying where it …

  • AB InBev earnings rise, sees US improving Associated Press - 1 hour 35 minutes ago

    Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees ...

  • To match Interview WALMART/SAMSCLUB

    Target has been looking for a new chief executive after removing Gregg Steinhafel as chairman and CEO in May in the wake of a devastating data breach, which hurt the No.3 U.S. retailer's profit, shook customer confidence in the company and prompted congressional hearings. Steinhafel had been Target's CEO since 2008 and …

  • Papa John’s International Inc. (PZZA) closed an outlet in eastern China after it used expired pizza dough, fueling further concerns about food safety at fast-food chains in the country. One of the pizza-maker’s five branches in Nanjing city was found to have used the expired ingredient two days after it passed the expiration …

  • [$$] Sony Posts Surprise Profit @ The Wall Street Journal - 2 hours 7 minutes ago

    Sony reported an increase in its net profit for the April to June quarter, as gains in its game business outweighed deteriorating results in its mobile unit.

  • Target taps PepsiCo executive as new CEO: WSJ @ CNBC - 2 hours 18 minutes ago

    Target has tapped PepsiCo executive Brian Cornell as its new chief executive, the Wall Street Journal reports.

  • Continental AG Raises Margin Forecast on Lower Spending @ Bloomberg - 2 hours 21 minutes ago

    Continental AG (CON) , Europe’s second-biggest maker of car components, raised its 2014 profitability forecast the second time this year after lower costs for production and supplies helped quarterly earnings gain. Carmakers in Europe are selling more vehicles in a recovery from a six-year contraction sparked by the global …

  • Samsung smartphone sales plunge @ Financial Times - 2 hours 27 minutes ago

    Revenue at Samsung Electronics' flagship mobile device business fell by a fifth in the second quarter from a year earlier, as the South Korean group confirmed a sharp fall in profit for the period. Samsung's ...

  • Sony Posts Surprise Profit on PlayStation, Movies @ Bloomberg - 2 hours 31 minutes ago

    Sony Corp. (6758) posted a surprise first-quarter profit on strong demand for the PlayStation 4 game console and a rebound at the box office for its Hollywood studios. The company posted net income of 26.8 billion yen ($261 million) in the three months ended June, compared with 3.5 billion yen a year earlier, Tokyo-based …

  • Samsung profit falls as smartphone sales slow Associated Press - 2 hours 59 minutes ago
    Samsung profit falls as smartphone sales slow

    Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter. Samsung ...

  • A woman takes a picture outside the Samsung stand at the Mobile World Congress in Barcelona

    Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth. The downbeat guidance, as well as Samsung's decision to keep its interim dividend unchanged from last year, …

  • Key Takeaways From Samsung Earnings Call @ The Wall Street Journal - 3 hours ago

    Here are the key takeaways from Samsung's earnings report and conference call.

  • Anheuser-Busch InBev NV (ABI) , the world’s biggest brewer, reported second-quarter profit growth that beat estimates as soccer World Cup-related beer sales in Brazil helped offset declining sales in the U.S. Adjusted earnings before interest, taxes, depreciation and amortization rose 9.5 percent on an organic basis to …

  • European car makers painted a murky portrait of the global auto industry as concerns about Russia and Latin America blunt the optimism fueled by a steady rebound in European auto demand.

  • GM Victims Fund Opens Door on Friday @ The Wall Street Journal - 3 hours ago

    General Motors on Friday starts taking applications from victims of accidents involving defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November....

  • [$$] As Sales Flag Abroad, Coke Refocuses on Home Turf @ The Wall Street Journal - 3 hours ago

    Coca-Cola Co. can no longer lean on its foreign markets for reliable growth, which means it must turn around its U.S. business. That won't be easy, as Americans are drinking less soda.

  • [$$] Samsung's Mobile Chief Feels Pressure Over Sales @ The Wall Street Journal - 3 hours ago

    The head of Samsung's mobile division, J.K. Shin, is facing pressure as weakening phone sales propel the company toward a third straight quarter of operating-profit declines.

  • [$$] Target Taps PepsiCo Executive as New CEO @ The Wall Street Journal - 3 hours ago

    Target is bringing in a PepsiCo executive, Brian Cornell, as its new CEO, turning to an outsider for the first time in its history to repair a battered corporate culture and navigate a sea change in shopping ...

  • Which College-Football Coaches Are the Biggest Chatterboxes? @ The Wall Street Journal - 3 hours ago

    The Count evaluated transcripts from every major-conference media day to determine the coaches who are the most (and least) verbose.

  • [$$] How Polly Ferman Handles 200 Days on the Road @ The Wall Street Journal - 3 hours ago

    The concert pianist shows what's in her travel bag, including three phones and a piece of quartz.

  • Customers attend a workshop about the Samsung Galaxy S5 in Jakarta

    Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth. The downbeat guidance, as well as Samsung's decision to keep its interim dividend unchanged from last year, …

  • Manoj Menon, Partner & MD at Frost and Sullivan, discusses his expectations for Sony and Panasonic which are due to release their first quarter earnings on late Thursday.

  • An ugly earnings report from Samsung Electronics prompted a 3 percent drop in its shares on Thursday, but that hasn't deterred market bulls who seem unfazed by the weakening mobile division at the South ...

  • Piloting his 20-foot BassCat over the murky Potomac River, Rick Kortlang had a sweeping view of the bottom: He pointed out a line of rock, with what he said were probably catfish swimming just above. In shallower water, he saw a patch of bait fish, making it a good bet that largemouth bass were lurking. Kortlang, a 58-year-old …

  • Best Buy Co. (BBY) is betting Americans are ready to buy $3,000 televisions. The world’s largest electronics chain has teamed up with Samsung Electronics Co. and Sony Corp. (6758) to open in-store showrooms staffed with Blue Shirts trained to tout the merits of Ultra High-Definition, or 4K, technology, which generates …

  • Sales at Ames Ford Lincoln in Iowa have risen fivefold in the last 18 months as buyers embrace low-cost financing on popular models like the Fusion sedan and F-150 pickup from Ford Motor Co. (F) The “new car business is in very good shape right now,” said Rick Pattison, the dealership’s new car manager. “New cars are …

  • Sales at Ames Ford Lincoln in Iowa have risen fivefold in the last 18 months as buyers embrace low-cost financing on popular models like the Fusion sedan and F-150 pickup from Ford Motor Co. (F) The "new car business is in very good shape right now," said Rick Pattison, the dealership's new car manager. "New cars are …

  • Sergio Solero, Managing Director at BMW Group Asia, says its i3 cars are "born green" which means they are designed and produced with green materials right from the start.

  • KFC owner says China scandal hurting sales Associated Press - 5 hours ago

    The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit. Yum Brands Inc., in ...

  • [$$] Samsung to Launch New Phones @ The Wall Street Journal - 5 hours ago

    Samsung Electronics said its second quarter net profit fell for the first time in nearly three years on weaker-than-expected smartphone sales.

  • Samsung's new TVs have pressed 4K and curved frames as features, but what if you want one that's only curved sometimes? That's where a bendable TV comes in, and Samsung says it will release the industry's ...

  • Samsung Electronics' 2Q profit miss forecast Associated Press - 6 hours ago
    Samsung profit falls as smartphone sales slow

    Samsung Electronics Co. reported lower-than-expected profit for the second quarter on Thursday and said it was uncertain if handset business profit would improve during the current period. Its net income ...

  • When economy revs up, so do RV sales @ USA TODAY - 6 hours ago

    The recovering RV market mirrors economic growth and consumer confidence.

  • Kim Kardashian, an Unlikely Mobile Video Game Hit @ The New York Times - 7 hours ago

    The game Kim Kardashian: Hollywood generated $1.6 million in revenue during its first five days on the market.

  • [$$] Whole Foods Again Lowers Sales Projections @ The Wall Street Journal - 8 hours ago

    Whole Foods said third-quarter earnings rose 6%, but the specialty supermarket again lowered its sales projections for the fiscal year.

  • Samsung Electronics Co. said Thursday that its second-quarter profit dropped 20 percent as smartphone and tablet sales fell. Its net income during the April-June quarter was 6.3 trillion won ($6.1 billion), ...

  • Samsung reported a profit decline in its Q2...

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