Economic confidence in the eurozone picked up in October from a 10-month low, with broad based improvement across sectors, the results of a survey by the European Commission showed Thursday. The economic confidence index rose unexpectedly to 100.7 in October from 99.9 in the prior month. The score was expected to fall to 99.7.
Time Warner Cable Inc. (TWC), which is being acquired by Comcast Corp. (CMCSA, CMCSK) in a $45.2 billion deal, Thursday said the third-quarter profit declined from last year, despite a rise in revenues. The company's costs increased during the quarter, and it lost 184,000 video customers.
British lender Barclays Plc Thursday reported higher profit before tax for the third quarter, and nine-month period. The bank has set aside 500 million pounds related to ongoing investigations into Foreign Exchange with certain regulatory authorities, and an additional 170 million pounds for PPI compensation.
Communications services provider BT Group Plc. (BT_A.L, BT) Thursday said second-quarter profit before tax increased from last year, even as revenues showed a marginal drop. Further, the firm confirmed its outlook for the full year.
After yesterday's nervousness amid the FOMC announcement, Wall Street looks set to start Thursday's session slightly lower. Global cues are mixed, with Asian stocks closing mixed, while the European markets have fallen notably after a positive open. While economic data and earnings continue to be supportive,...
French telecom equipment maker Alcatel-Lucent SA Thursday reported a narrower loss for the third quarter, reflecting improved margins due to better profitability in several business lines as well as favourable mix. Revenues fell about 6 percent from last year. The shares were up more than 10 percent in Paris.
European car giant Volkswagen AG (VKW.L, VLKAF.PK, VOW.BE) Thursday reported increased profit and revenue for the third quarter as well as nine-month period, despite a difficult market environment. The Volkswagen Group also confirmed its outlook for full-year 2014. The stock added around 4 percent in early trade.
European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L, RDS-A) Thursday said third-quarter net profit declined from the prior year, amid lower production. But, adjusted earnings on a current cost of supplies basis, an important metric for energy companies, showed a significant increase, benefiting from improved Downstream and Upstream results.
German aviation group Deutsche Lufthansa AG Thursday reported higher third-quarter profit, amid growth in revenues and passenger traffic. The firm also confirmed its full-year 2014 operating profit projection of 1 billion euros.
German conglomerate Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) Thursday reported increased profit for the third quarter, supported by higher sales across all businesses. Considering the performance so far, the company lifted its forecast for the year. Further, Bayer said its MaterialScience business is to be floated on the stock market as a separate company.
European stocks are seen opening on a flat note Thursday after the U.S. Federal Reserve delivered a slightly more hawkish policy statement.
After ending its controversial long-running bond-buying program, the Federal Reserve described labor conditions as improving and sounded more hawkish than expected...
South Korean conglomerate Samsung Electronics Co. Ltd. reported Thursday a profit for the third quarter that nearly halved from from last year, reflecting the continued drop in demand for its flagship Galaxy smartphones tablets amid stiff competition, partially offset by the improving performance in the chip business
Take-Two Interactive Software Inc. (TTWO) on Wednesday reported a loss for the second quarter that narrowed from a year ago, helped mainly by lower operating costs, and less than Wall Street estimates.
Moving ahead, Take-Two lifted its financial outlook for the full year, as the video game publisher...
MetLife reported a surge in third-quarter profit, led mainly by derivative gains and lower catastrophe losses, as both earnings and revenue topped Wall Street estimates.
Kraft Foods reported a decline in profit for the third quarter, hurt by higher commodity costs that offset a marginal climb in sales, with weak operating margins pronounced at the cheese, and meals and desserts segments.