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Home » Business News
Business News
Friday 18. July 2008

Petters Group Worldwide Acquires Assets of Metropolitan Media Group

Petters Group Worldwide announced today the acquisition of all assets from Metropolitan Media Group which will cease operations.

Friday 18. July 2008

TietoEnator continues on the right track – the second-quarter profits improve substantially

TietoEnator’s second-quarter net sales grew by 11% to EUR 480.1 (434.2) million. Organic growth was 11%. Operating profit excluding one-off items improved substantially and amounted to EUR 33.2 (14.8) million. One-off items were mainly attributable to the Performance Improvement Programme the company announced in October 2007.

Friday 18. July 2008

TietoEnator’s interim report 2/2008 (January – June 2008) – Strong growth and profitability improvement continued

The Performance Improvement Programme has progressed well. The actions taken by the end of June amount to annualized savings of EUR 71 million.

Friday 18. July 2008

OP Pohjola Group’s holding in TietoEnator exceeds 5%

TietoEnator Corporation has received an announcement pursuant to the Securities Market Act regarding a change in its shareholding.

Friday 18. July 2008

IBM Reports 2008 Second-Quarter Results

Diluted earnings of $1.98 per share, up 28 percent; up 32 percent without a prior-year gain from the sale of PSD; Total revenues of $26.8 billion, up 13 percent; Global Technology Services revenues up 15 percent; pre-tax income up 26 percent; Global Business Services revenues up 18 percent; pre-tax income up 31 percent; Total Services signings of $14.7 billion, up 12 percent; $12.2 billion at constant currency, up 4 percent; Short-term services signings up 18 percent; up 9 percent at constant currency; Software revenues up 17 percent; pre-tax income up 19 percent; Systems revenues up 10 percent; System z mainframe up 32 percent; E/ME/A revenues up 20 percent; Asia Pacific up 16 percent; U.S. up 5 percent; 18 percent of geographic revenues from growth markets, up 21 percent; up 14 percent at constant currency.

Friday 18. July 2008

Ashland to acquire Hercules

$3.3 billion transaction creates major, global specialty chemicals company

Friday 18. July 2008

Unite Gains Recognition at Kamns Paper Mill, Leicester

Unite members have won a ruling on collective bargaining at Kamns Mill, the hygiene paper manufacturing section of the Leicester Paper Company, employing 84 workers.

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