[By NBC-1TV H. J Yook]LG Electronics Inc. (LG) today announced consolidated revenues of KRW 50.96 trillion (USD 45.22 billion) and a net profit of KRW 91 billion (USD 80.75 million) for full-year 2012. Despite a 6 percent revenue decrease from 2011, operating profits increased significantly in 2012 to KRW 1.14 trillion (USD 1.01 billion) from KRW 379 billion (USD 342.06 million) in full-year 2011. Fourth quarter 2012 consolidated revenues were KRW 13.50 trillion (USD 12.37 billion) with an operating profit of KRW 107 billion (USD 98.08 million). Unaudited consolidated financial results for the
[By NBC-1TV H. J Yook]City Index Australia: The rollercoaster ride on Wall Street for Netflix scaled new heights, with the company‘s stock climbing by $43.60 to close the day’s trading on the Nasdaq at $146.86. The favourable figures are the result of the company revealing better than expected earnings for the last three months of 2012 late on Wednesday. Netflix's 42 per cent rise is the biggest gain since the company went public over ten years ago; a time when investors were still reluctant to buy into internet companies due to the burst of the dot-com bubble. Its previous high came in Octobe
[By NBC-1TV H. J Yook]Samsung Electronics have revealed a 76 per cent increase in profits for the last three months of 2012, with sales of its Galaxy smartphones thought to be a key factor in driving growth. The Korean company's net income rose to a record 7.06 trillion won (4.2 billion), a substantial increase on the 4.01 trillion won recorded during the same period last year, smashing the expectations of many analysts. Last year was very successful for the company, as it became the world's main player in making smartphones, overtaking its main rival Apple, which saw shares tumble by 12.35 pe
[By NBC-1TV H. J Yook]Shares in Anglo American have rallied in London this morning (January 29th), as the company has announced it is writing off $4 billion (2.5 billion) after a review of one of its projects. Read Full Article at cityindex.co.uk: Anglo American shares rise as it announces $4bn project writedown(http://www.cityindex.co.uk/market-analysis/financi...) The Minas Rio iron ore project in Brazil has been subject to delays and cost overruns, which have forced the mining giant to raise its expenditure on the project to $8.8 billion. “Despite the difficulties, we continue to be confide
[By NBC-1TV H. J Yook]A French court has order the suspension of restructuring plans by car manufacturer Peugeot Citroen, claiming the company had not adequately consulted employees. The plans, which could see the loss of 8,000 jobs and the closure of the factory in Paris, have been the source of much controversy in France. The company said that despite the ruling, it would continue with negotiations with unions about the cuts. The court order comes after complaints from workers at the parts supplier subsidiary Faurecia. It was the CGT union who managed to successfully argue that Peugeot had f
[By NBC-1TV H. J Yook]i-SENS announced, CareSens brand was awarded the grand prize for “2013 Korea First Brand Grand Prize” sponsored by Korea Consumer Brand Committee at the award ceremony on January 22nd. 11th annual Korea First Brand Grand Prize is co-sponsored by Korea Consumer Forum and Korean Economic Daily to select the best brands those have been picked through basic research, brand expert survey, consumer recommendations with the highest score evaluated through online survey, telephone survey, and e-mail survey based on five items such as its quality, service, satisfaction compared to
[By NBC-1TV H. J Yook]Advanced Energy Industries, Inc. (Nasdaq:AEIS) today introduced its Paramount® 2 MHz power supply at SEMICON® Korea 2013. The complete Paramount platform, which spans frequencies from 400 kHz to 60 MHz, provides enabling plasma management in complex thin-film processing environments. In sub 22-nm pulsing applications, the industry-leading Paramount RF pulsing provides synchronized, multi-frequency RF power to improve etch rate selectivity, substrate profile control and film uniformity in a wide operating window. The 2 MHz mid-frequency addition completes the Advanced Ener
[By NBC-1TV H. J Yook]City Index UK: The very hint of a possible change in US monetary policy has all other counter currencies moving. The Fed is still far from shifting its accommodative stance but with bond yields approaching unsustainable levels last year and the move on the 10 year note yield above 2% it is the very start of a long upwards journey. We are unsure how long or when the move up will increase in intensity, but gold is the most obvious casualty if the move is quicker and larger than expected. Read Full Article at cityindex.co.uk: Gold stocks down as US treasuries commence the jo