Consumer goods giant Reckitt Benckiser Group Plc Tuesday reported 7 percent decline in the third-quarter revenue amid tough market conditions. At constant exchange rates, sales increased 2 percent. Looking ahead, the company said it expects to deliver full-year revenue growth at the lower end of its target range.
Chipmaker ARM Holdings Plc. reported Tuesday higher profit in its third quarter, boosted by improved performance in both licensing and royalty segments, despite weak margins. For the fourth quarter, the company expects revenues in dollar terms to be in-line with market estimates.
Hotel and restaurant group Whitbread Plc. (WTB.L) Tuesday reported increased profit for the first half of the year, as revenues climbed 13 percent, supported by a strong performance from the Costa coffee chain.
European stocks look set to inch higher on Tuesday, with tech stocks likely to be in focus after Apple Inc. posted third-quarter earnings that beat analysts' expectations on strong iPhone sales.
Total SA shares may also see heightened activity after the French oil and gas giant confirmed that its...
French Energy giant Total SA (TTA.L, TTFNF.PK, TOT) Tuesday said its Chairman and Chief Executive Officer Christophe de Margerie died in a private plane crash in the late evening of October 20 at Vnukovo Airport in Moscow. The plane had collided with a snow-removing machine.
Dutch paints maker Akzo Nobel NV (AKZOY.PK, AKZOY) Tuesday said the third-quarter profit increased from last year, despite a slide in revenues. The company said it is on track to deliver on its 2015 targets.
NewLink Genetics Corp. has entered into an exclusive worldwide license agreement with Genentech, a member of the Roche Group, for the development of NLG919, NewLink's IDO pathway inhibitor.
Chipotle Mexican Grill Inc. (CMG) Monday reported a 57 percent jump in profit for the third quarter, as revenues surged on new restaurant openings and strong same-restaurant sales. Earnings and revenues for the quarter trounced Wall Street expectations. However, despite positive results, the restaurant...
Texas Instruments Inc reported a 31 percent jump in third-quarter profit, led by growth in revenues and margins, with results topping Wall Street estimates. The company detailed a strong outlook for the fourth quarter, sending its shares up 2.5 percent in after-hours trade on the Nasdaq.
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season.
Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session.
U.S. crude oil snapped a two-day gain to end lower on Monday, ahead of the weekly inventory data following some soft demand amid speculation of excess supply globally, even as markets look to steady after a volatile week brought on by concerns over the global economy.
According to reports, environmental...
President Barack Obama was back in his hometown of Chicago on Monday to participate in the first day of early voting in the state of Illinois. Obama indicated at an event Sunday night that he intended to vote to re-elect Sen. Dick Durbin, D-Ill., and Illinois Gov. Pat Quinn.
Gold futures snapped a two-day loss to end higher on Monday, as the dollar trended lower against some major currencies with investors seeking the safe haven status of the precious metal amid worries over the eurozone economy, with added speculation the U.S. Federal Reserve may not hike rates soon.
Utility Cleco Corp. (CNL) Monday said it has agreed to be acquired by an investor group led by Australia's Macquarie Group Ltd. for $3.4 billion. The shares of Pineville, Louisiana-based power company is currently up over 10 percent, following the news.
The investor group has agreed to pay shareholders...