UK-based advertising giant WPP Group Plc. (WPP.L, WPPGY) Friday reported a modest growth in revenue for the first quarter. In constant currency, revenue improved significantly from the prior year, with particularly strong performance in the U.S. and the U.K.
Swedish automaker AB Volvo reported Friday a profit in its first quarter, compared to last year's loss, benefited by higher sales and improved price realization, despite adverse currency impacts. The Sales were driven by demand growth in mature markets in North America, Europe and Japan, as well as China.
America's love affair with tobacco dates back centuries, and the nation continues to be a leading producer of tobacco leaves. As the latest step in its efforts to make the next generation tobacco-free, the FDA has proposed a new rule that would extend its tobacco authority to cover additional tobacco products.
European stocks are likely to drift lower on Friday as concerns about rising tensions in Ukraine overshadowed largely positively results from a slew of U.S. companies. Asian stocks are trading mostly lower amid renewed concerns over Ukraine.
Ukraine troops killed five pro-Moscow rebels on Thursday...
Retail sales and mortgage approvals data from the U.K. are the highlights on Friday with no major reports due from the rest of Europe. On the credit ratings front, Standard & Poor's is set to announce the rating review of the European Financial Stability Facility (EFSF), France, Russia and Cyprus on Friday.
Las Vegas Sands reported a near 36 percent jump in first-quarter profit, on continued growth at its Macau operations, with results topping Wall Street estimates.
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
The world's largest specialty coffee retailer also raised its full year earnings outlook.
Internet radio service provider Pandora Media Inc. (P), Thursday said its loss for the first quarter narrowed from a year ago, driven mainly by a surge in ad revenues. However, shares of the company slipped 5 percent in extended-trade after providing a weak second-quarter outlook.
Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
Amazon.com Inc. (AMZN) on Thursday reported an increase in profit for the fourth quarter, thanks mainly to a 23 percent jump in revenues, with the online retailer splurging money on growth options. Earnings for the quarter came in line with analysts' estimate, while sales trumped expectations.
Visa reported a 26 percent jump in second-quarter profit on higher card spending as well as a tax benefit, with earnings topping Wall Street estimates. Revenues, however, came in short of expectations. For 2014, Visa now expects low double-digit constant revenue growth - in the 10 percent to 11 percent range. Visa shares were down about three percent in after-hours trading.
With traders weighing upbeat earnings news against concerns about the situation in Ukraine, stocks fluctuated over the course of the trading day on Thursday. A notable advance by shares of Apple (AAPL) contributed to a strong gain by the tech-heavy Nasdaq, while the Dow ended the day flat.
U.S. crude oil snapped a two-day loss to end higher on Thursday, as worries over the Ukraine situation outweighed the more-than-expected jump in U.S. crude stockpiles last week. Tensions between Ukraine and Russia further intensified, with Moscow threatening to intervene if Kiev continued its crackdown...
In a potentially pivotal Senate race, the results of a Quinnipiac University poll released Thursday showed incumbent Colorado Sen. Mark Udall, D-Col., running neck-and-neck against Republican Rep. Cory Gardner, R-Col. The poll found that 45 percent of Colorado voters would choose Udall if the election were being held today, while 44 percent said they would vote for Gardner.
While U.S. President Barack Obama and his Russian counterpart Vladimir Putin have called for a diplomatic solution to the ongoing crisis in Ukraine, the two leaders both made comments Thursday with the potential to inflame rather than tamp down the situation.