Communications services provider BT Group Plc reported higher profit in its third quarter, despite weak sales, as all segments posted a decline except BT Consumer. Futher, the company backed its outlook for revenue and EBITDA, a key earnings metric. Separately, BT said it has reached agreement with the Trustee of the BT Pension Scheme or BTPS on the 2014 triennial funding valuation and recovery pl
India-focused miner Vedanta Resources Plc. (VED.L) Friday reported a small rise in revenue for the third quarter, but Earnings Before Interest, Tax, Depreciation and Amortization or EBITDA declined from the prior year, with a sharp decline in the Oil & gas business.
Japanese automaker Honda Motor Co. Ltd. reported Friday lower profit in its third quarter, even as net sales were benefited by strong sales of Motorcycles with improved performance in India and Indonesia. Further, the company lowered its fiscal 2015 forecast for profit and sales volumes, while lifting net sales view.
European stocks are likely to open higher on Friday alongside the recovery in commodity prices and a rebound on Wall Street overnight after a two-day selloff.
The Asian markets are turning in a mixed performance, with China's Shanghai Composite index declining 1.6 percent, extending losses for a...
Arcadia Trading Inc. of Brooklyn, New York is recalling all packages of Red Thread Fish because they are uneviscerated and have the potential to be contaminated with Clostridium botulinum bacteria.
Burger chain Shake Shack Inc. said late Thursday that it has priced its initial public offering of 5 million Class A shares at $21 per share, which is above the previously estimated price range of $17 to $19 per share. The shares are expected to begin trading on the New York Stock Exchange on Friday, January 30 under the ticker symbol "SHAK."
Google reported a higher fourth-quarter profit, driven by a 15 percent increase in revenues and one-time gains from the sale of Motorola Mobile business, somewhat offset by stock-based compensation expense and foreign exchange losses. Quarterly earnings and revenue missed Wall Street estimates, as ad revenues came under pressure.
Online retailer Amazon.com, Inc. said Thursday after the markets closed that its fourth quarter fell 10.5% from last year, as higher expenses more than offset a 15% increase in sales. However, the company's quarterly earnings per share came in well above analysts' expectation, but its quarterly sales fell short of analysts' forecast.
Visa Inc (V) on Thursday reported an 11 percent increase in profit for the first quarter, as customers spent more using its cards during the holiday quarter, amid a better job climate and lower gasoline prices. Both earnings and revenues for the quarter trumped Wall Street expectations.
After fluctuating throughout much of the session, stocks showed a strong move to the upside in afternoon trading on Thursday. The late-day rally helped the markets recover from the sell-off that was seen over the course of the two previous sessions.
An already crowded field of potential Republican presidential candidates received another new member on Thursday, as Sen. Lindsey Graham, R-S.C., launched a political committee to explore a run for the White House in 2016.
U.S. crude oil rebounded to end slightly higher on Thursday, after some upbeat economic data from the U.S. showed first-time claims for unemployment benefits to have declined more than expected, igniting hopes of growth in demand for oil.
In an encouraging sign, a report from the U.S. Labor Department...
After more than two weeks of debate, the Senate voted Thursday to pass legislation authorizing construction of the Keystone XL oil pipeline. The Senate voted 62 to 36 in favor of the bill, with nine Democrats joining with Republicans to approve the legislation.
Comcast Corp found itself in an unsavory situation after a customer's name on a bill was changed from Ricardo to 'A**hole', ostensibly by a disgruntled employee who tried to get the customer to retain her current cable service and sign a two-year contract.
Gold futures plummeted to end sharply lower on Thursday, after some upbeat economic data showed first-time claims for unemployment benefits in the U.S. declined more than expected while eurozone economic confidence rose to a six-month high.
This was the biggest daily percentage drop in 13 months.