Dutch brewer Heineken N.V. Wednesday said its third-quarter profit declined from last year, amid lower revenues and drop in volumes. Sales growth in emerging markets was offset by lower sales in Europe hurt by poor weather during the high selling season. The company reaffirmed its outlook for full year 2014.
French car maker PSA Peugeot Citroën reported Wednesday higher revenues in its third quarter, on improved performance in China and Europe. Looking ahead for 2014, the company projects higher-than-expected automotive demand in Europe and weaker-than-expected demand in Latin America and Russia. The company, which has been making hefty losses, maintained its goal of returning to breakeven in 2017.
British American Tobacco Plc. (BATS.L, BTI) Wednesday said it performed well during the first nine months of the year, but trading environment remains challenging. The company's revenue grew on a currency-neutral basis during the period, even as it dropped on reported basis.
Swiss engineering firm ABB Ltd reported Wednesday lower profit in its third quarter, as revenues and margins were hurt mainly by lower opening order backlog. Orders, however, climbed from last year, with strong growth in large orders. Looking ahead, the company warned on short-term outlook, while demand outlook for its businesses remains clearly positive over the long-term.
European stocks are set to open higher on Wednesday, with solid earnings and economic news from the U.S. as well as talk of economic stimulus in Europe likely to underpin sentiment. Investors keenly await U.S. inflation data due out later tonight to determine whether the recent fall in inflation expectations...
The FDA's Pulmonary Allergy Drugs Advisory Committee has voted 13-2 to recommend approval of Vertex Pharmaceuticals Inc.'s cystic fibrosis drug KALYDECO for expanded use in people with cystic fibrosis ages 6 and older who have the R117H mutation in the cystic fibrosis transmembrane regulatory (CFTR) gene.
Mining giant BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L), Tuesday reported a 17 percent year-over-year increase in iron ore production for the first quarter, and a 1 percent growth from the fourth quarter. Production of metallurgical coal grew 25 percent.
Chief Executive Andrew Mackenzie said, "Robust...
Discover Financial Services reported a better-than-expected increase in third-quarter profit, helped mostly by growth in card loans amid some pickup in the economy.
Virtualization software maker VMware Inc. (VMW) said Tuesday after the markets closed that its third quarter profit fell 26% from last year, reflecting the impact of its $1.54 billion acquisition of AirWatch earlier this year.
However, the company's quarterly earnings per share, excluding items, came...
Broadcom Corp. (BRCM) Tuesday reported a plunge in profit for the third quarter, hurt largely by hefty impairment charges related to the chip maker's planned exit from cellular base-band business. Nevertheless, on an adjusted basis, Broadcom's earnings for the quarter improved and also topped Wall Street...
Yahoo reported a surge in third-quarter profit, on gains from stake-sale in the Alibaba IPO and an improvement in search business, while display advertising revenues continued to slide. Results for the quarter topped Wall Street estimates. Shares of Yahoo climbed 4 percent in the initial after-hours trade on the Nasdaq, but later shed some of the gains. The stock is now up 2.19%.
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs.
Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country.
U.S. crude oil ended higher on Tuesday, ahead of the weekly U.S. inventory data amid continued worries over excess supply globally, even as lingering concerns over the health of the global economy remained.
Oil found some support after data showed China's gross domestic product to have risen more...
In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.