Summerset posts its strongest quarterly sales on record

Navigation for News Categories The retirement village operator Summerset has posted its strongest quarterly sales in the firm’s 23-year history. Summerset retirement village at Avonhead, Christchurch. Photo: Google Maps The company sold 296 units in the three months to December, which included 176 new sales and 120 resales. Sales were up by nearly a third…Continue Reading

Sealord posts $29m full year profit

Navigation for News Categories Sealord’s full year profit has fallen slightly due to one-off costs. Photo: Supplied The seafood company’s profit for the year ended September was $29.3 million, compared with about $32m last year. However, excluding the cost associated with purchasing a Tasmanian salmon farm, its net profit was was up 6 percent on…Continue Reading

Nexon posts its best Q3 ever thanks to mobile revenue surge

MapleStory publisher Nexon just posted its best Q3 ever, with revenue up 52% year-over-year to ¥79.4 billion ($754 million).Mobile game revenue accounted for 42% of the total, up 140% year-over-year thanks to three titles exceeding the company’s expectations for the quarter: The Kingdom of the Winds: Yeon, KartRider Rush+ and V4.PC games made up the…Continue Reading

Facebook to ban posts about Holocaust denial

Facebook will ban posts that deny or distort the Holocaust and will start directing people to authoritative sources if they search for information about the Nazi genocide.CEO Mark Zuckerberg announced the new policy on Monday, in the company”s latest attempt to take action against conspiracy theories and misinformation ahead of the US presidential election.The decision…Continue Reading

FDA posts alerts against imports of cheese, seafood, juice, etc.

Editor’s note:The Food and Drug Administration uses import alerts to enforce U.S. food safety regulations for food from foreign countries. The agency updates and modifies the alerts as needed. Recent modifications to FDA’s import alerts, as posted by the agency, are listed below. Use the links to view the full alert modifications. Import Alert Description…Continue Reading

Amazon posts ‘better than expected’ Q3 results as Covid-19 pandemic continues to drive sales up

Online retail giant Amazon has enjoyed a bumper third quarter, as demand for its goods and services continues to soar as the pandemic forces people to stay home By Caroline Donnelly, Senior Editor, UK Published: 30 Oct 2020 9:45 Amazon has tripled its profits and seen its revenue rise by 37% compared to a year…Continue Reading

IBM posts 2-digit cloud revenue growth; says customers deferring projects

International Business Machines Corp edged past Wall Street estimates for quarterly revenue, bolstered by higher demand for its cloud services TopicsIBM | Cloud computing Reuters  Last Updated at October 20, 2020 08:53 IST (Reuters) – International Business Machines Corp edged past Wall Street estimates for quarterly revenue on Monday, bolstered by higher demand for its cloud services,…Continue Reading

Fonterra posts $659m full year profit

Navigation for News Categories Fonterra has posted a profit of $659 million as restructuring, improved sales and margins helped it recover from the previous year’s massive loss. Photo: RNZ / Rebekah Parsons-King The profit to the end of July compared with a $605m loss the year before, as the co-operative wrote down the value of…Continue Reading