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South Korea's LG shareholders approve plan to spin off affiliates

South Korea's LG shareholders approve plan to spin off affiliates
oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.

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American Airlines' results are terrible. Right now, that is great news

American Airlines’ results are terrible. Right now, that is great news
(FILES) In this file photo taken on December 02, 202, an American Airlines B737 MAX airplane at Dallas-Forth Worth International Airport in Dallas, Texas. - American Airlines stock rose more than 10% on January 27, 2021, and is rising some 60%, January 28, prompting speculation it could be the next GameStop. The video game chain s 1,700% risein shares has created a battle between small-time traders and major Wall Street institutions. (Photo by Cooper NEILL / AFP)
(AFP)
Jon Sindreu
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Right now, there may be no greater gift for a company than dismal finances.
On Thursday, shares of American Airlines rose almost 30% at the open, reaching an 11-month high. American beat analysts’ profit expectations for the final quarter of 2020: Earnings per share came in at a negative $3.86, whereas the median forecast had them at $4.11. ....

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Tata Motors reports significant improvement in top-line and operating level in Q3; cost cutting efforts boost margins

Tata Motors reports significant improvement in top-line and operating level in Q3; cost cutting efforts boost margins
JLR sales in China rose 19% from a year ago as the economy roared back to pre-covid growth rates
2 min read
Net profit rose to ₹2,941.48 crore in the three months to 31 December from ₹1,755.88 crore a year earlier
Sales of JLR vehicles in China rose 19% from a year ago as the Chinese economy roared back to pre-pandemic growth rates
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Tata Motors Ltd beat Street expectations with a 68% rise in consolidated net profit for the December quarter as sales of Jaguar Land Rover (JLR) luxury vehicles rose in China and higher sales of its namesake passenger vehicle sales during the festive season helped narrow losses in India. ....

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Indian Oil Q3 results: Net profit jumps over two-and-half times to to 4,917 cr

Indian Oil Q3 results: Net profit jumps over two-and-half times to to 4,917 cr
A logo of Indian Oil
(REUTERS)
Indian Oil on Friday declared interim dividend of ₹7.50 rupees/share
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Indian Oil Corporation Limited on Friday posted a more than two-fold rise in its profit for the December quarter, thanks to large inventory gains. The net profit rose to 4,916.59 crore for the quarter ended on 31 December. The state-run refiner reported ₹2,339.02 crore net profit for the corresponding quarter last year.
The revenue from the operations during the quarter rose to ₹1.47 lakh crore.
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LG's value to improve with mobile biz restructuring: analysts

Posted : 2021-01-23 10:37
Updated : 2021-01-23 20:20
A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, Oct. 27, 2016. Reuters
LG Electronics can improve its corporate value by restructuring its money-losing mobile business and focusing on future growth engines for a post-pandemic world, analysts here said Saturday.
The company announced Wednesday that the future of its mobile communications unit was open to every possibility amid rumors that the company could sell the struggling mobile business.
We think LG s announcement means they are going to either shut down or sell, or at least scale back on its mobile business, Cho Chul-hee, an analyst at Korea Investment Securities, said. ....

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