Cavanagh to earn $7 million a year as Carlyle’s Co-President
Private equity firm Carlyle Group LP disclosed that it will pay Mike Cavanagh, a former JPMorgan Chase & Co executive, $7 million per year in his first three years in …
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BlackBerry Posts a Lower-than-Expected Loss in the Fourth Quarter.
Troubled Canadian smartphone manufacturer BlackBerry Ltd reported a much lower-than-expected loss in the fourth-quarter, sending its shares up 7 percent. Net loss in the three months ended March 1 was …
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Sberbank’s Full-Year Profit Misses Analysts’ Expectations on Provisions
Europe’s third-largest bank OAO Sberbank saw its full-year profit surge 4.3 percent, missing analysts’ estimates as provisions for bad loans rose. Net income rose to 363.8 billion ($10.2 billion) in …
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UK Housebuilder Bellway Profit Surges 73 Percent on Higher Prices
UK housebuilder Bellway Plc saw its first-half pretax profit surge 73 percent as home prices rose, which prompted the company to announce that it forecasts sales volumes to climb as …
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Kingfisher to Buy Back Stock as Pretax Profit Surges
Europe biggest home improvement store Kingfisher plans to give back around 200 million pounds ($330 million) to stockholders this fiscal year after full-year profits surged 4.1 percent in 2013, in …
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Oil Giant Vitol Full-Year Revenues Rise Despite “Challenging Market Conditionsâ€
World’s largest independent oil trader Vitol reported on Monday that its full-year revenue inched 1.3 percent higher amid challenging market conditions. The privately-owned company saw its revenues last year hit …
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Symantec Fires CEO after Less than Two Years in Office as Sales Slump
Symantec Fires CEO after Less than Two Years in Office as Sales Slump Symantec Corporation sacked its President and Chief Executive Officer Steve Bennett as slowdown in PC sales saw …
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Tencent Fourth Quarter Profit Surges 12.9 Percent on Higher Revenues
China’s biggest Internet firm Tencent Holdings Ltd saw its fourth quarter profit surge 12.9 percent, which was however its slowest growth in quarterly profit as its spent huge sums of …
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French Luxury Goods Firm Hermes Full-Year Profit Jumps 6.8 Percent
French Luxury goods maker Hermes International SCA saw its full-year net profit surge 6.8 percent as controlled distribution and scarcity helped reinforce its elitist appeal, resulting in higher sales. Net …
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