PARIS - In a sign that the long tug of war between Volkswagen and Porsche is almost over, the sports car maker announced early Thursday that Wendelin Wiedeking, Porsche's longstanding chief executive, would step down, clearing the ...
LONDON - Improvement in its investment banking business led Credit Suisse to a second-quarter net profit of 1.6 billion Swiss francs, or $1.5 billion, the bank reported Thursday.
SEOUL, South Korea - Hyundai Motor Co. outshined its global rivals by reporting a record quarterly profit on Thursday, as a weak won helped overseas sales and government incentives boosted domestic demand for cars.
July 23 (Bloomberg) -- Roche Holding AG, the world's biggest maker of cancer drugs, raised its forecast for the year because of increased savings from the acquisition of US partner Genentech Inc. Earnings per share excluding some ...
LONDON (Dow Jones)--UK based caterer Compass Group PLC (CPG.LN) said Thursday it will continue to make progress on margin, profit and cashflow for the full-year after margins expanded further in the third ...
A Zappos warehouse in Kentucky. The 10-year-old online shoe company has won fans with perks like free shipping and personalized service.
Wall Street Journal - 1 hour ago
ZURICH (Dow Jones)--ABB Ltd. (ABB) Thursday reported a sharp drop in second-quarter net profit and orders amid slowing demand in emerging markets and a strong US dollar, and warned that business will remain tough over the next few months.
NEW YORK (Reuters) - US drugmaker Bristol-Myers Squibb Co (BMY.N) on Wednesday said it will pay $2.4 billion to acquire Medarex Inc (MEDX.
Wall Street Journal - 52 minutes ago
By Archibald Preuschat AMSTERDAM (Dow Jones)--Dutch telecom company Royal KPN NV (KPN.AE) Thursday reported a 4.8% rise in second quarter net profit as cost cutting offset a revenue decline, but it lowered its revenue guidance for the full year and for ...
By V. Phani Kumar, marketwatch HONG KONG (marketwatch) -- Crude-oil prices declined Thursday, extending their fall in New York after US data showed total petroleum inventories continued to rise last week.
PARIS (Dow Jones)--French advertising company Publicis Groupe SA (PUB.FR) Thursday said organic revenue continued to drop sharply in the second quarter as advertisers tightened budgets, but Chief Executive Maurice ...
July 23 (Bloomberg) -- Asian stocks rose for an eighth day, led by automakers and technology companies, as a weaker yen boosted the prospects for Japanese export earnings and US housing prices unexpectedly gained.
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has expanded its laptop selection by 40 percent and will be aggressive in pricing the computers and the accessories to go with them as the discount retailer looks to win sales from frugal ...
NEW YORK (Dow Jones)--As Apple and Yahoo helped the Nasdaq Composite Index to its longest up streak in nearly 13 years, Starbucks perked up investors by returning to profitability.
Goldman Sachs knows when to fold its hand. The bank announced on Wednesday that it would pay $1.1 billion to buy back warrants that it issued to the Treasury last October, at the height of the crisis - a figure that ...
Wall Street Journal - 34 minutes ago
FRANKFURT (Dow Jones)--Mail and logistics company Deutsche Post AG (DPW.XE) Thursday said it still wants to increase working hours in the mail division, without paying more for this extra time.
Second-quarter red ink from continuing operations is double that expected. But the Wall Street firm sets aside 72% of its revenue -- more than the industry norm of about 50% -- for pay and benefits.
STOCKHOLM, July 23 (Reuters) - Cellphones chipmaker ST-Ericsson (STM.PA) (ERICb.ST) reported a wider second-quarter loss on Thursday but said markets were stabilising as destocking in the industry was largely over ...
Through the credit crunch, Wells Fargo has convinced investors that it is a cut above other large banks. Its shares trade at 2.5 times tangible book value versus 1.6 times for JP Morgan Chase.
TOKYO, July 23 (Reuters) - Japan's Nikkei stock average rose nearly 1 percent on Thursday to a three-week closing high as Sony Corp ( SNE - news - people ) and other exporters climbed on a weaker yen, with buying of futures an additional ...
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