Breaking News

Share SHARE

French grocery retailer Carrefour Group (CRERF.PK, CRRFY.PK), Thursday reported a 51 percent drop in profit for the first half of fiscal year 2014, hurt mostly by weak sales in emerging markets, muted growth in Europe, and poor margins, while the prior year recorded one-time gains. Recurring operating...

French cosmetics giant L'Oreal SA (LRLCY.PK), Thursday reported an small increase in profit for the first half of 2014, as decline in sales were offset by better margins and lower promotion costs. L'Oreal's first-half profit attributable to the company rose to $1.73 billion euros or 2.85 euro per...

JLL (JLL) said it has closed the previously announced acquisition of CLEO Construction Management, an Orange County, California-based construction project management services firm that specializes in medical facilities. The combination of CLEO's prominent, specialized expertise with JLL's leading...

Nordstrom, Inc. (JWN) said Thursday that it has agreed to buy Trunk Club, a personalized clothing service for men. Trunk Club offers a full suite of solutions, from day to day ready-to-wear basics to high-end custom garments. Trunk Club has created a unique approach to capture the imagination of...

Piper Jaffray Companies (PJC) said Thursday that its board of directors has authorized the repurchase of up to $100 million of the company's outstanding common stock, effective October 1. The latest one replaces the $100 million authorization that expires on September 30. The company said the...

NVR, Inc. (NVR) said Thursday that its Board of Directors has authorized the repurchase of $300 million of its outstanding common stock. The company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is consistent with its strategy of maximizing...

Shaw Communications Inc. (SJR) Thursday said it has agreed to buy ViaWest Inc., a North America data-center service provider, for an enterprise value of $1.2 billion, as the company aims to improve its data-center offerings. Shaw agreed to buy ViaWest from Oak Hill Capital Partners and others shareholders...

Sun Bancorp Inc. (SNBC) posted second quarter net loss available to common shareholders of $24.2 million or $0.28 per share, compared to net income of $678 thousand or $0.01 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.24...

CIBC (CM.TO, CM) said its Board of Directors appointed Victor Dodig as the bank's next President and Chief Executive Officer or CEO, effective September 15, 2014. Dodig is the Senior Executive Vice-President, CIBC and Group Head, Wealth Management. He succeeds Gerry McCaughey, who will retire as of...

L'Oreal Co. (LRLCY.PK) Thursday reported first-half profit of 1.73 billion euros or 2.85 euro per share, up from 1.71 billion euros or 2.81 euro per share in the same period last year. Adjusted profit from continuing operations was 1.77 billion euros. Sales decreased to 11.17 billion euros from...

3D Systems Corp. (DDD) Thursday said its second-quarter profit plunged, despite a 25 percent growth in revenues, as gross margins dropped sharply hurt by new product launches and higher productions costs. Both earnings and revenues for the quarter fell short of Wall Street estimates. Moving ahead,...

Vinci SA (VCISY.PK) Thursday reported first-half profit of 1.32 billion euros or 2.35 euro per share, up from 748 million euros or 1.37 euro per share in the same period last year. Adjusted earnings for the period totaled 753 million euros or 1.34 euro per share. Revenues dropped slightly to 18.62...

Public Utility firm PG&E Corp. (PCG), an energy-based holding company that owns Pacific Gas and Electric Co., reported Thursday a profit for the second quarter that declined from last year, reflecting higher expenses as well as costs related to natural gas matters. However, both adjusted earnings per...

Public Utility firm PG&E Corp. (PCG) reporetd that its second-quarter 2014 income available for common shareholders was $267 million or $0.57 per share, down from $328 million or $0.74 per share, for the second quarter of 2013. The company's GAAP results include items that management does not consider...

CNH Industrial N.V. (CNHI) reported that its second-quarter net income attributable to the company rose to $354 million from $283 million in the year ago quarter. On a per share basis, net income was $0.26, up from $0.23 last year. Basic earnings per share, before restructuring and other exceptional...