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Nokia in $950 million Q3 profit on growing sales

This Feb. 8, 2012, file photo shows the Nokia offices in Salo, Finland. Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013, the company said Thursday June 14, 2012, in a further drive to save costs. The cuts mean that it will close some research and development projects, including in Ulm, Germany, and Burnaby, Canada.  AP PHOTO/LEHTIKUVA, JUSSI NUKARI

Nokia Corp. appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales growth was 13 percent compared to 2013.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Vehicle sales seen to surge by almost 40% in August

AP FILE PHOTO

Vehicle sales in August may have risen by 39.5 percent from the 13,700 units sold in the same month of 2013, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said on Thursday.

Posted: September 12th, 2014 in Headlines,Latest Business Stories | Read More »

GM to launch hands-free driving

General-Motors

General Motors CEO Mary Barra unveiled plans Sunday to make driving safer through hands-free technology, after a string of recalls that has dogged the company.

Posted: September 8th, 2014 in Latest Business Stories | Read More »

Vehicle importers saw sales rise by 15% in 1st 7 months

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AP FILE PHOTO

Local vehicle importers and distributors continued its strong performance in the first seven months of the year as sales grew by 15 percent to 20,938 units during the period, from the 18,147 units sold a year ago.

Posted: August 20th, 2014 in Headlines,Latest Business Stories | Read More »

Local Hyundai sales sustained growth in July

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Sales of Hyundai vehicles in the Philippines sustained growth so far this year with the July volume expanding by 6 percent year-on-year.

Posted: August 14th, 2014 in Headlines | Read More »

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