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Foxtons Group Plc. (FOXT.L) reported Wednesday a surge in first half profit with higher margin and revenues, and announced a maiden interim dividend and a special dividend. Looking ahead, the real estate agent expects the growth in transaction volumes to slow from the rapid rate seen in the first half....

Seadrill Limited (SDRL) reported that its net income attributable to the parent for the second quarter of 2014 fell to $605 million from the prior year's $1.727 billion, with earnings per share decreasing to $1.24 from $3.53 in the same quarter last year. The prior year results included gain on sale...

The Financial Conduct Authority or FCA has today fined The Royal Bank of Scotland (RBS, RBS.L) and NatWest 14,474,600 pounds for serious failings in their advised mortgage sales business. The firms failed to ensure that advice given to customers was suitable. Two reviews of sales from 2012 found...

Fyffes plc (FFY.L) reported pretax profit of 22.23 million euros for the 6 months to 30 June 2014, compared to 20.70 million euros, prior year. Profit to equity shareholders increased to 18.56 million euros from 18.43 million euros. Earnings per share in cents was 6.12, compared to 6.13, previous year. Adjusted...

Monitise Plc (MONI.L) and International Business Machines Corp (IBM) announced a global digital commerce and resourcing alliance. Bringing together the best of both companies' mobile banking, payments and commerce technology, this alliance brings IBM sales and specialist resources to global clients with...

British American Tobacco Plc (BTI, BATS.L) said that Group Marketing Director, Jean-Marc Levy, would be named Director, Special Projects, effective September 1, 2014 and would then resign from the Management Board and leave the BAT Group on December 31,2014. Jean-Marc has had a 21-year career with...

Telecom giant AT&T, Inc. (T) Wednesday said its 4G LTE network is now available in Rutland, Harrisonburg, Lynchburg, Douglas and Cornelia-Toccoa. The network is also available in Enterprise and Ozark as well as Kingman, Bullhead City, and Lake Havasu City, bringing customers the latest generation...

Consumer electronic goods retailer RadioShack Corp. (RSH) is in discussions with shareholder Standard General LP about getting a rescue financing package to help it stave off a bankruptcy filing, Bloomberg reported, quoting two people with knowledge of the matter. Standard General, a hedge fund, is...

Cooper Tire & Rubber Company (CTB) Tuesday reported the results of the valuation of Cooper Chengshan (Shandong) Tire Company Ltd or CCT. The valuation, which is the option price, was determined to be 2.722 billion yuan or about $440 million at the current exchange rate. The valuation was completed...

The Financial Industry Regulatory Authority (FINRA) on Tuesday slapped a fine of $1.85 million on financial services giant Citigroup, Inc.'s (C) Citigroup Global Markets, Inc. unit for customer transactions violations. Citigroup has also been asked to pay an additional amount of $638,000 in restitution,...

Online video advertising company TubeMogul, Inc. (TUBE) on Tuesday reported a turnaround to profit in the second quarter on revenues that more than doubled from last year. This is the company's first earnings results after its initial public offering. Shares of TubeMogul gained more than 33 percent...

Venture capital firm Kleiner Perkins Caufield & Byers has agreed to invest up to $20 million in ephemeral messaging service Snapchat Inc., the Wall Street Journal reported Tuesday, citing people with knowledge of the matter. According to the WSJ report, the investment would give Kleiner a stake of...

Cree, Inc. (CREE) announced an agreement to make an investment in Lextar Electronics Corp. and the companies will enter into a supply agreement for sapphire-based LED chips. Upon closing of the investment, Cree will own approximately 13 percent of Lextar. Lextar, founded in 2008 in Taiwan, is a subsidiary...

Struggling cupcake maker Crumbs Bake Shop Inc (CRMB) has won an approval from court to reopen stores from next month, according to reports. Wall Street Journal Tuesday said that Judge Michael Kaplan in U.S. Bankruptcy Court in Newark, New Jersey signed off on the sale to Marcus Lemonis and Dippin'...

Globe Specialty Metals Inc (GSM), a producer of silicon metal and specialty alloys, Tuesday reported fourth-quarter net earnings of $6.2 million or $0.08 per share compared with $9.7 million or $0.13 per share last year. Excluding items, adjusted earnings for the quarter were $0.18 per share. Revenues...