Smith & Nephew Plc reported Friday a decline in second-quarter profit on higher expenses, even as revenues were benefited mainly by acquisitions and strong growth in emerging & International Markets. Further, the company announced higher dividend. Looking ahead, the medical technology company said it remains confident in its overall Group outlook for the full year.
International Consolidated Airlines Group S.A. (IAG.L, BAIRY.PK, BAY.L), which owns British Airways Plc and Spanish airline Iberia Lineas Aereas de Espana S.A., Friday said profit for the second quarter increased from last year on growth in revenues.
French insurer Axa SA Friday reported higher profit for the first half, as revenues grew in all business lines. The firm also said it has increased its cost savings target for 2015.
French lender Societe Generale SA (SCGLF.PK, SCGLY.PK) reported Friday higher profit in its second quarter, despite weak French retail results. In a sluggish economy and in a low interest rate environment, French Retail Banking segment performed badly, while International Retail Banking & Financial Services and Global Banking & Investor Solutions segments posted higher revenues.
European stocks are set to open lower on Friday after the U.S. markets saw broad sell-off overnight attributed to a range of factors. Investors eye U.S. reports on personal income and spending, manufacturing activity and construction spending along with the all-important jobs report later in the day...
Steel giant ArcelorMittal (MT) Friday reported a profit for the second quarter, compared to a loss last year, amid a marginal growth in sales. The company, however, lowered its outlook for Earnings Before Interest, Tax, Depreciation and Amortization, citing lower than expected iron ore prices.
Alexza Pharmaceuticals Inc. (ALXA) is all set to initiate a phase 2a study of AZ-002 for the management of patients with acute repetitive seizures in the second half of 2014.
Online travel company Expedia Inc. (EXPE), Thursday said its second-quarter profit increased from last year, as more customers sought its sites to book hotel rooms and airline tickets, with both earnings and revenues coming in ahead of Wall Street analysts.
Bellevue, Washington-based Expedia's second-quarter...
Tesla Motors said its loss for the second quarter widened, hurt by stock-based compensation expense and interest costs that offset growth in sales of its electric cars. Excluding items, Tesla posted a profit that crushed Wall Street estimates with sales also surpassing expectations.
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
After ending the previous session mixed, stocks showed a substantial move to the downside over the course of the trading day on Thursday. The steep losses on the day pulled the Dow down to a two-month closing low, while the S&P 500 ended the session at its worst closing level in well over a month.
In an embarrassment for the new Republican leadership, the House will not vote on a bill to address the crisis along the U.S.-Mexico border before lawmakers leave town for the August recess.
U.S. crude oil plunged to end lower for a fourth straight session Thursday, on demand growth concerns after some dismal economic data from the U.S. with initial claims for unemployment benefits rising and slower growth in manufacturing activity in the Chicago area.
Investors also continued to mull...
Gold futures ended sharply lower on Thursday, on some disappointing data from the U.S. with initial claims for unemployment benefits rising more than expected last week. With the U.S. gross domestic product growing more than expected in the second quarter, gold found little support as a safe haven, even...
Exxon Mobil reported a 28 percent jump in second-quarter profit, aided by asset sales as well as upstream and downstream margins, even as production slipped.