Related topics: net profit

Toshiba swings to profit as devices sell well

Japan's Toshiba on Wednesday reported $54 million in net profit for the April-June quarter, reversing a quarterly loss a year earlier, thanks to a weak yen and brisk sales of electronic devices.

Taiwan's Hon Hai set to spin off units

Taiwan's Hon Hai Precision said Wednesday it plans to spin off some units as its founder unveiled measures to battle global sluggishness and falling share prices.

India's TCS reports 22% rise in quarterly profit

India's biggest IT outsourcing firm, Tata Consultancy Services, on Wednesday reported a 22 percent jump in quarterly net profit, in line with market forecasts, led by stronger outsourcing orders.

Italy asks EU to halt GM maize cultivation

The Italian government has asked the European Commission not to renew authorisation of a key genetically-modified corn, according to a letter seen by AFP on Thursday.

Shares in Taiwan's Hon Hai rise after record profit

Shares in Taiwan's Hon Hai Precision, better known as Foxconn, closed 1.33 percent higher Tuesday at Tw$83.5 ($2.80) after the tech giant reported a record net profit last year.

United Technologies sells Goodrich pump business

(AP)—United Technologies Corp. says it has completed the sale of a pump and engine control systems business owned previously by airline parts maker Goodrich Corp.

United Tech sees $1b or more in share buybacks

(AP)—The chief financial officer of United Technologies Corp. says the aerospace giant expects to spend at least $1 billion buying back shares this year.

Taiwan's Foxconn to recruit 5,000 local technicians

Taiwan's tech giant Foxconn will hire 5,000 technicians locally this year, many of them to work on factory robots to build its gadgets, officials said Monday, in a sign the firm is refocusing operations to its home island.

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