BMW Group raises earnings forecast for 2010

BMW Group raises earnings forecast for 2010

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– Automobile segment aiming for EBIT margin of above 7%
– Third-quarter EBT jumps to euro 1,359 million
– Automobile segment EBIT rises to euro 1,152 million
– EBIT margin of 8.1% for Automobile segment
The BMW Group continued to perform extremely well in the third quarter 2010, recording sharp increases in sales volumes, revenues and earnings. Third-quarter Group revenues rose by 35.6% to euro 15,940 million (2009: euro 11,759 million) while the profit

M&A Season in Full Swing

M&A Season in Full Swing

The semiconductor market is up some 35% this year and a number of chip companies are sitting on piles of cash as they look for more meaningful (and dependable) direction from Washington and Wall Street. So, rather than commit to hiring lots of people for the jobs that have either disappeared or have gone overseas, they are committing their resources to mergers and acquisitions (M&As). After all, many companies view such actions as simply another investment in R&D. Since the stock market

Mobile Money Services enhance Customer Loyalty

Mobile Money Services enhance Customer Loyalty

Real-time based solutions secure operators profitability

Paderborn (Germany) 02 November 2010: Worldwide markets for mobile payments will experience exponential growth rates within the next years. This is because more and more payments are made via mobile phone – be it for digital goods, such as games, music or services, or physical goods, such as books, coffee or gifts. To secure their piece of the cake, operators have to enable their subscribers to charge online and offline products and servi