Olam Drops Profit Target as It Cuts Spending

April 26 (Bloomberg) -- Olam International said it will cut spending and sell assets to boost cash while warning it will miss a target to grow profit to $1 billion by 2016. Haslinda Amin reports on Bloomberg Television's "First Up." (Source: Bloomberg)

Most Recent Videos

Samsung Stock Is `Crazy Cheap,' Analyst Newman Says
08:49 - Jan. 29 -- Mark Newman, an analyst at Sanford C. Bernstein, talks about Samsung Electronics Co.'s business outlook. Samsung raised its dividend and posted fourth-quarter profit that beat analysts’ estimates as demand for memory chips softened the impact from a smartphone business losing sales to Apple Inc. and Xiaomi Corp. Newman speaks with Rishaad Salamat and David Ingles on Bloomberg Television's "Asia Edge."
  • Swiss National Bank Move Was a Game Changer: CIBC
  • Global Rice Demand Is Looking Weaker: Dawe
  • McDonald’s Replaces CEO After U.S. Sales Slump