Breaking News

Share SHARE

Shares of RTL Group (AUO.F, RGLXY.PK) declined around 8 percent in the early morning trading in Brussels after the Luxembourg-based media group reported Thursday a sharp decline in first-half profit, hurt by goodwill impairment charge on RTL Hungary, the absence of prior year's gains as well as lower...

Volvo Group (VOLVY.PK) reported that deliveries from its truck operations in July 2014 amounted to 15,410 vehicles. This was a decrease of 9% compared with the year-earlier month. In July, 8,616 Volvo trucks were delivered, a decrease of 13% compared with the same month last year. On a regional basis,...

Kudelski Group (KDCXF.PK) reported growth in its first half 2014 revenues, operating income and cash flows. The Group reported half-yearly operating income of 27.7 million Swiss francs, representing a 79.9% growth year-over-year, compared with 15.4 million francs. Net income from continuing operations...

Skyepharma plc (SKP.L, SKYEY.PK) reported a loss before tax of 18.1 million pounds for the six months ended 30 June 2014, compared to a loss of 1.6 million pounds, prior year. Total loss for the period attributable to the parent widened to 17.7 million pounds from a loss of 1.7 million pounds. Loss per...

Biotechnology company Illumina Inc. (ILMN) has formed collaborative partnerships with leading pharmaceutical companies to develop a universal next-generation sequencing or NGS-based oncology test system. The system would be used for clinical studies of targeted cancer therapies with an aim of developing...

Premier Oil plc (PMO.L, PMOIY.PK) reported profit before tax of $50.4 million for the six months to 30 June 2014, compared to $214.6 million, last year. Profit for the period was $172.7 million, compared to $161.1 million, prior year. Earnings per share in cents was 31.3, compared to 29.1. Sales...

Luxembourg-based media group RTL Group (AUO.F) reported a 51.7% fall in first-half 2014 profit attributable to shareholders to 202 million euros, from 418 million euros last year. On a reported basis, half-yearly earnings per share were 1.32 euros, significantly lower than the prior year's 2.72 euros. For...

Basilea Pharmaceutica Ltd. (BPMUF.PK) announced that the European Medicines Agency (EMA) has accepted its isavuconazole Marketing Authorization Application (MAA) for review. Basilea's MAA seeks approval of isavuconazole for the treatment of invasive aspergillosis and mucormycosis (zygomycosis) in adults. The...

German engineering company GEA Group AG (GEAGF.PK, GEAGY.PK) Thursday said its Executive Board resolved to introduce a new group structure within the scope of its "Fit for 2020" initiative. In the course of 2015, GEA will bundle the development and manufacturing of products and the provision of process...

Dutch supermarket chain Koninklijke Ahold NV (AHODF.PK, AHONY.PK) Thursday said second-quarter net income attributable to common shareholders declined to 147 million euros from 206 million euros in the previous year. Earnings per share slipped to 0.17 euro from 0.19 euro. Prior-year results have...

Micrel, Inc. (MCRL), a manufacturer of IC solutions for the high performance linear and power, LAN and timing and communications markets, said its Board of Directors authorized the repurchase of an additional $25.0 million of Micrel's common stock. This new authorization is in addition to the about...

CIM Commercial Trust Corp. (CMCT), a real estate investment trust, said its Board of Directors has approved CIM Group's recommended nominee, Charles Garner II, as Chief Executive Officer, effective August 20. Garner is a Principal at CIM Group, the manager of CIM Commercial Trust Corp. He has 30...

Mitsubishi Electric Corp. (MIELF.PK, MIELY.PK) late Wednesday said that one of its elevator and escalator manufacturing companies in China, Mitsubishi Electric Shanghai Electric Elevator Co., Ltd. or MESE, has begun operating its third factory and would complete a fourth by July 2015, aiming to double...

Warren Buffett's Berkshire Hathaway Inc. (BRK-B, BRK-A, BRKa) has agreed to pay an $896,000 civil penalty to settle charges that it violated premerger reporting and waiting requirements when it acquired voting securities of USG Corp., the Department of Justice announced Wednesday. The Justice Department's...

Air Berlin plc (AIBEF.PK), Germany's second largest airline, on Wednesday reported a turnaround to profit in the second quarter on higher revenues and lower costs. The company also announced a restructuring program aimed at returning it to sustainable profitability. Wolfgang Prock-Schauer, CEO of...