German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October.
Swedish automaker Volvo AB (VOLVY.PK) Friday said its third-quarter profit increased from the prior year, amid a modest rise in sales. Further, the firm increased its cost-cutting target, adding it would take some of these charges in the fourth quarter. In early morning trade, the stock was trading up 10.1 percent.
French industrial and medical gases maker Air Liquide SA Friday said its third-quarter revenue edged up 1 percent, amid good momentum in the Americas and Asia-Pacific. The company, however, witnessed slowdown in Western European manufacturing. On a comparable basis, revenues grew 4.3 percent.
Swedish mobile network equipment maker Ericsson reported Friday a decline in the third-quarter profit, reflecting effects from hedge contracts and higher operating expenses. Sales, however, increased on strong performance in the Middle East, China, India and Russia, despite weak North American results.
German chemical giant BASF SE (BFA.L, BASFY.PK) Friday reported a marginal fall in profit for the third quarter which was marked with geopolitical tensions and increasing fears of economic growth. The company backed its profit forecast for the year, but warning that it would not achieve its ambitious financial targets for 2015 due to the tough economy.
Juniper reported a higher third-quarter profit, helped by improved margins that offset a 5 percent decline in revenue. Quarterly earnings topped Wall Street estimates by a penny, while revenues were in in line with expectations. The company provided some weak guidance for the fourth quarter, signaling the tough business conditions in which it operates.
Amazon.com reported a third-quarter loss that widened from a year ago, as the online retailer continued to expend on new businesses and technologies, even as sales climbed 20 percent. Results for the quarter fell short of Wall Street estimates.
Internet radio service provider Pandora Media Inc. (P), Thursday said its loss for the third quarter narrowed from a year ago, due largely to a surge in ad revenues. However, shares of the company fell six percent in extended trading, following the news.
Oakland, California-based Pandora's third-quarter...
Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off.
Alaska Congressman Don Young, R-Ak., is once again making headlines with comments linking the state's high suicide rate to an increase in government assistance. Young told an audience at a senior center on Wednesday that the suicide problem didn't exist until there was "largesse" from the government.
U.S. crude oil surged to end sharply higher on Thursday, boosted by reports that Saudi Arabia has cut its crude output to prop up prices, even as some strong earnings and upbeat data raised hopes the global economy would recover sooner than initially anticipated.
Oil prices got a boost after reports...
Southwest Airlines Co. (LUV), American Airlines Group Inc. (AAL), United Continental Holdings Inc. (UAL) and JetBlue Airways Corp. (JBLU) on Thursday reported an increase in profit for the third quarter, helped mainly by improved passenger traffic and lower fuel costs.
Third-quarter earnings of Southwest...
After a brief absence, the Democratic Senatorial Campaign Committee is once again hitting the airwaves in Kentucky in support of Senate candidate Alison Lundergan Grimes. The DSCC is spending $650,000 on advertising for Grimes in her race against Senate Minority Leader Mitch McConnell, R-Ken.
Gold futures ended lower for a second straight session on Thursday, with investors opting for the riskier equity assets on the back of some healthy corporate earnings, following some upbeat economic data from China and the eurozone, amid a strengthening dollar.
The precious metal also lost ground...