European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) Thursday reported a sharp fall in its profit for the second quarter, hit by the plunge in oil and gas prices. Further, the company said separately that it plans to eliminate 6,500 positions in 2015. The stock gained nearly 3 percent on the London Stock Exchange.
Shares of Alcatel-Lucent SA were gaining around 6 percent in the morning trading in Paris after the French telecom equipment maker reported Thursday a narrower loss in its second quarter benefited by increased revenues and operating margin. The company also said it is now well on track to complete its turnaround by the end of the year.
German lender Deutsche Bank (DB) Thursday reported a significant increase in second-quarter profit, helped by higher revenues and reduced provision for credit losses. Business revenue growth was principally driven by 23 percent growth in Corporate Banking & Securities or CB&S and 25 percent increase in Deutsche Asset & Wealth Management or AWM. The stock advanced nearly 3 percent in early trade.
Nokia Corp. reported a sharp decline in its second-quarter net profit reflecting the absence of prior year's hefty profit from the sale of Devices unit. On a continuing operations basis, the company turned around to profit boosted by strong performance of all segments, mainly Networks. The company is well positioned to deliver on its full-year 2015 commitments. Shares were gaining around 8 percent
German conglomerate Siemens AG reported Thursday a profit for the third quarter that declined from last year, despite revenue growth, hurt by severance charges. The company also confirmed its outlook for fiscal 2015.
Ascendis Pharma A/S (ASND) is scheduled to report top-line results from a phase II pediatric study of TransCon hGH before the market opens today.
The European markets are seen opening flat to slightly higher on Thursday after the U.S. Federal Reserve gave no hints that a September rate hike is coming. The Fed struck a positive tone about the world's largest economy, while sending no clear signal on when a long-awaited rate rise might come.
South Korean conglomerate Samsung Electronics Co. Ltd. on Thursday reported a 9 percent year-over-year decline in second-quarter profit, reflecting continued weakness in its flagship handset business. However, sales for the quarter came in slightly above Samsung's guidance released earlier in the month, while operating profit was in line with the guidance.
Tesla Motors Inc. (TSLA) has launched a new referral program for owners and new buyers of its Model S, as the electric car maker aims to boost sales with the latest marketing strategy.
Tesla's referral program offers new buyers a discount of $1,000 if they order a new Model S using the referral link...
Marriott reported a 25 percent jump in quarterly profit, topping analysts' estimates, as customers flocked to its hotel properties, driving up occupancy and room rates. The hotel chain provided weak earnings outlook for the current quarter, but lifted its expectations for 2015...
Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit fell 9% from last year, as higher costs and expenses more than offset a 39% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
Western Digital Corp. (WDC) on Wednesday reported a drop in profit for the fourth quarter as revenues continued to decline due to a weak PC market. Nevertheless, shares of the hard disk drive maker rose 5 percent after its fourth-quarter profit topped analysts' estimates.
With traders reacting positively to the Federal Reserve's monetary policy announcement, stocks managed to end Wednesday's trading notably higher. The upward move on the day extended the strong rebound seen in the previous session.
U.S. crude oil ended higher for a second straight session on Wednesday, after official data from the Energy Information Administration showed crude stockpiles in the U.S. to have declined much more than expected last week.
Nevertheless, the gains were somewhat capped as the dollar strengthened further...
Democratic Congressman Chaka Fattah, D-Penn., and four of his associates were indicted Wednesday for their roles in a racketeering conspiracy, the Justice Department announced.