Notwithstanding the lackluster showing in recent sessions, Wall Street still sports a nervous look on Wednesday ahead of a key U.S. private payrolls report. Global cues are mostly positive, with most Asian stocks ending higher, although the volatile Chinese market saw a sharp move to the downside. Meanwhile,...
Several flights to the Indonesian tourist island Bali were canceled due to volcanic ashes from the Mount Raung. Virgin airlines canceled all the flights to Denpasar Airport, while Jetstar rescheduled three flights to Perth and Melbourne in Australia.
Standard Chartered Plc. reported Wednesday lower profit in its first half, with lower net interest income. Citing the weak earnings performance and the current lower earnings expectations, the company trimmed its dividend. Further, the firm said it expects the reduction of the bank levy costs to have material and positive impact.
Shares of London Stock Exchange Group Plc were gaining around 3 percent in the early morning trading in London after the company reported Wednesday higher profit in its first half. Revenues were boosted mainly by the effects of the acquisition of Frank Russell Company as well as strong performance in Information and technology Services businesses.
Dutch financial services company ING Groep NV reported Wednesday a profit for the second quarter, that increased 27 percent from last year, driven primarily by ING Bank amid strong loan and deposit growth, and lower risk costs. It also declared a 2015 interim cash dividend of 0.24 euros per ordinary share, and said it intends to pay a full-year dividend of at least 40 percent of annual profit.
French lender Societe Generale SA (SCGLF.PK, SCGLY.PK) Wednesday reported its second-quarter profit, that increased from the prior year, helped by the recovery in the eurozone.
European stocks may follow their Asian peers higher on Wednesday as an upbeat reading on China's services sector eased fears over the health of the world's second-largest economy and investors took in their stride hawkish comments from a Fed official on interest-rate increases.
That said, investor...
Activision Blizzard reported a better-than-expected increase in second-quarter profit, as the video game publisher saw robust growth in digital channels, penetration in China and improved margins. It lifted its guidance for 2015, sending its shares up...
Diversified media and entertainment conglomerate Walt Disney Co. said Tuesday after the markets closed that its third quarter profit rose 11% from last year, driven mainly by strong earnings growth at its film and consumer products divisions. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Amplify Snack Brands, Inc., the maker of SkinnyPop popcorn, is expected to price its initial public offering Tuesday evening.
Fifteen million shares will be sold in the IPO by the selling shareholders, which include certain directors and officers of the company. The underwriters have the option to...
Actress Jessica Alba and her consumer goods company have earned the wrath of disgruntled customers, who have complained that the company's sunscreen is ineffective and does not provide proper protection against sunburn.
Cereal maker Kellogg Co. reported Tuesday a profit for the second quarter that decreased 25 percent from last year, hurt by Venezuela business charges and a drop in sales amid negative currency translation impact. Comparable earnings per share matched analysts' expectations, while quarterly sales topped their estimates. The company also reaffirmed guidance range for the full-year 2015.
Hyatt Hotels Corp. on Tuesday reported a 46 percent decline in profit for the second quarter from last year on lower revenues from its owned and leased hotels. Both revenue and adjusted earnings for the quarter missed analysts' expectations.
Office products supplier Office Depot, Inc. reported a loss for the second quarter that narrowed from last year on positive same-store sales growth and higher margins that helped offset a decline in sales. Adjusted earnings per share matched analysts' expectations, while quarterly revenues missed their estimates.
Grain processor Archer Daniels Midland Co. Tuesday said its second-quarter profit declined from the prior year, amid lower revenues. The company noted that domestic and export demand for ethanol was robust, but record industry production limited margins.