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Companies

Citigroup pulls consumer banking from 11 markets, posts higher profit in Q3
Citigroup said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the big US banks looks to shrink its way to better profits.
Almarai’s Q3 profit rises 13.4%
Almarai made a profit of 539.4 million riyals ($143.8 million) in the three months to September 30, up from 475.6 million riyals in the year-earlier period, according to a statement to Riyadh’s bourse.
Apple and Google brands worth $100 billion each: Study
In number one place, computer brand Apple has risen 21 per cent in value this year to worth an estimated $118.9 billion (€93.0 billion).
PC market ailing despite gains in US and Europe
This marks the ninth time in the past 10 quarters that worldwide PC shipments have dropped, a slump driven by the growing popularity of mobile devices.
Latest iPads, Mac system expected at Oct. 16 event
Apple is expected to step up its efforts to boost recently slumping iPad sales with the unveiling of its latest tablet computer at an Oct. 16 event.
Samsung flags 60% fall in profit
Key smartphone sector continues to struggle in the face of increased competition
Turner Broadcasting plans to cut 1,475 jobs
Monday’s announcement follows an offer of voluntary buyouts to 600 veteran employees in August, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner.
Flipkart issues apology after Big Billion Day sale anomaly
The Big Billion Day sale had been marketerd for more than 10 days and unbeatable discounts as high as 90% were being offered on tech products such as Nokia Lumia phones and Samsung Galaxy tablets.
Maruti launches new sedan to take on Honda, Hyundai on India’s roads
Maruti Suzuki India Ltd, the nation’s top car maker, set an aggressive sales target for its first new sedan car in seven years, in a bid to break into a segment where it has previously had little success.
Hewlett-Packard splits off PC, printer businesses
The company said Monday that the PC and printer business will use the name HP Inc. The services business will be called Hewlett-Packard Enterprise.
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