Business News - part 40

Boeing 787 Dreamliner Aircraft Safety Concerns Affect Investor Confidence

Boeing 787 Dreamliner Aircraft Safety Concerns Affect Investor Confidence

BUSINESS

  • Dreamliner flights cancelled due to fuel leak, braking problems
  • Boeing market value falls $2.8 billion
  • 800 Dreamliner orders still standing

Aerospace manufacturer Boeing has reported safety issues with its star 787 Dreamliner aircraft, causing investor confidence to fall and potentially harming the company’s image.

Security problems this week saw two Dreamliner flights cancelled – one because of a fuel leak, the other because of an error with the braking system – and an additional Dreamliner aircraft experienced a fire in its auxiliary power unit. Boeing says the problems are unrelated.

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Mobile Division Drives Record Operating Profit For Samsung Electronics

Mobile Division Drives Record Operating Profit For Samsung Electronics

BUSINESS

  • Samsung operating profit hits $8.3 billion, a 89% jump over 2011
  • 70% of operating income generated by mobile division
  • Samsung to become top home appliance maker by 2015 with $18 billion in sales

Samsung Electronics, the world's largest technology company by revenue, says its operating profit for the end of 2012 has set a new record with $8.3 billion, which marks an 89% jump over 2011.

Revenue was also up 18% on last year at $52.6 billion.

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US Book Giant Barnes & Noble Reports Disappointing Holiday Retail Sales

US Book Giant Barnes & Noble Reports Disappointing Holiday Retail Sales

BUSINESS

  • Barnes & Noble sales down close to 11% at end of 2012
  • Nook e-reader sales down 13%
  • Holiday season sales started strong but then declined

American bookseller Barnes & Noble saw combined store and online sales drop nearly 11% during the holiday season 2012 compared to 2011.

Far below expectations, sales for the Barnes & Noble Nook e-reader fell close to 13%. On a positive note, the book giant saw sales grow by over 13% for its digital books, digital newsstand and apps.

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US Automotive Manufacturers See Jump in December Sales

US Automotive Manufacturers See Jump in December Sales

BUSINESS

  • US automakers sell 14.5 million new vehicles in 2012 for a 13.4% increase over 2011
  • 44.5% of US auto sales generated by General Motors, Chrysler Group and Ford Motor
  • US consumers looking to replace their aging vehicles

American automobile manufacturers posted their highest sales in 2012 since the start of the 2008 recession, all combined registering some 14.5 million new vehicles sold, or a 13.4% increase from 2011, says sales tracker Autodata.

Of that total, 44.5% of sales came from the Detroit 3 – General Motors, Chrysler Group and Ford Motor.

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Samsung Overtakes Nokia As Top Mobile Phone Brand

Samsung Overtakes Nokia As Top Mobile Phone Brand

BUSINESS

  • Samsung surpasses Nokia for cell phone shipments, with Apple following in third place
  • Operating systems, price affect standings
  • 654 million smartphones were shipped in 2012

For the first time since 1998, Samsung has overtaken Nokia as the top cell phone brand of the year, according to a report by IHS iSuppli.

Samsung accounted for 29% of world cell phone shipments, while Nokia registered 24%. Apple came in third, shipping 10% of cell phones.

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Media Ratings Leader Nielsen Moves Into Radio With Arbitron Acquisition

Media Ratings Leader Nielsen Moves Into Radio With Arbitron Acquisition

BUSINESS

  • Nielsen will pay $1.26 billion for Arbitron radio ratings technology company
  • Radio reaches 92% of US adults and teens
  • Nielsen, Arbitron deal pending regulatory approval 

US television ratings leader Nielsen Holdings is buying radio ratings technology company Arbitron for $1.26 billion to improve monitoring of unmeasured areas of media consumption, such as out-of-home and streaming audio.

The deal will allow Nielson to offer advertisers better insight into consumer behavior across television, radio and web media so they can maximize marketing investments.

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Smartphone Update: China Sees Record Sales For Apple iPhone 5

Smartphone Update: China Sees Record Sales For Apple iPhone 5

BUSINESS

  • Apple sells over 2 million iPhone 5s in China during launch
  • Apple market share in China rumored to have slipped 50%
  • 3.3 million iPhones shipped to China in 3rd quarter

Apple Inc. set a sales record in China with the debut of the iPhone5, selling over 2 million smartphones in the first three days.

Apple chief executive Tim Cook says: “China is a very important market for us and customers there cannot wait to get their hands on Apple products.” Prior to the iPhone 5 launch, investors feared the iPhone was doing poorly in China.

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Report: Military Aviation MRO Industry To Reach $39.4 billion by 2022

Report: Military Aviation MRO Industry To Reach $39.4 billion by 2022

BUSINESS

  • MRO industry to increase at a rate of 3.49% over next 10 years
  • North America to account for 48% of global MRO investment
  • MRO industry needs more skilled workers

The value of the global military aviation maintenance, repair and overhaul (MRO) industry is forecast to jump from $28 billion to $39.4 billion over the next ten years, marking an average increase of 3.49% per year.

According to research from global defense industry intelligence provider Strategic Defence Intelligence, today’s economic climate is prompting key spenders like the US, the UK, France and Germany to reduce their defense budgets, and to maintain, repair and upgrade their existing fleet instead of buying new equipment.

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Business Search Engine ReportLinker.com Ranks 375 On Deloitte Technology Fast 500 EMEA 2012

Business Search Engine ReportLinker.com Ranks 375 On Deloitte Technology Fast 500 EMEA 2012

BUSINESS

  • ReportLinker ranks number 375 on the Deloitte Technology Fast 500 EMEA 2012
  • ReportLinker.com records five-year revenue growth rate of 392%
  • ReportLinker.com previously ranked 478 on the Deloitte Technology Fast 500 EMEA 2010 and 445 on the Deloitte Technology Fast 500 EMEA 2011

Leading business search engine ReportLinker.com now ranks number 375 on the Deloitte Technology Fast 500 EMEA 2012, a list of the 500 fastest-growing technology companies in Europe, the Middle East and Africa.

“We are honored to be recognized as a technology leader on the Deloitte Technology Fast 500 list for the third year in a row, recording a 392% five-year revenue growth rate. Going forward, we will continue to invest in and evolve our technology to best deliver trusted data from both public and private sources to our customers,” says CEO Benjamin Carpano.

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Nissan Making Electric Car Batteries in US, To Launch New All-Electric Vehicle Models

Nissan Making Electric Car Batteries in US, To Launch New All-Electric Vehicle Models

BUSINESS

  • Nissan producing lithium-ion batteries for all-electric cars in Tennessee
  • Nissan to have 85% of all Nissan and Infiniti products sold in the US be produced in North America by 2015
  • LEAF most successful all electric-vehicle model; new hybrids and electric vehicles planned for future

With a focus on green automotive making, Japan’s second-largest automobile manufacturer Nissan Motor Co has recently celebrated the two-year sales anniversary of its pure-electric vehicle model called LEAF, and is now manufacturing lithium-ion batteries used for all-electric cars.

Located in Smyrna, Tennessee, the new battery plant will produce up to 200,000 batteries annually, depending on demand, and is only one of three of its kind globally to be operated by a major automobile manufacturer.

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