ABB 3RD QUARTER NET PROFIT SLUMPS
ABB, the world's largest maker of power grids, reported
third-quarter profit fell by 12% as a slowdown in its big
transmission power business continued to bite, but results beat
expectations.
J&J TO TEST NEW EBOLA VACCINE ON HUMANS
Johnson & Johnson said it will begin testing an Ebola-virus
vaccine on humans in January and could have 250,000 doses available
in May.
EMIRATES NBD'S PROFIT DOUBLES
Emirates NBD, Dubai's biggest bank by assets, Wednesday said
third-quarter net profit doubled year-over-year as a rapid recovery
in the local market led to a rise in operating income and a fall in
impairments.
TAKATA SHARES PLUNGE ON U.S. AIR BAG WARNING
Several big auto makers said it was unclear when suspect air bag
parts tied to at least two deaths in the U.S. would be
replaced--due either to a lack of parts or from owners failing to
have repairs made.
SONY MAY CUT SMARTPHONE SALES TARGET AGAIN
Sony is considering slashing its smartphone sales target again,
people familiar with the matter said Wednesday, as the business
struggles to perform as expected in the face of fierce competition
especially in emerging markets.
YAHOO REPORTS RISING REVENUE
Yahoo reported a slight increase in revenue, helped in part by
growth in its mobile business, sending shares higher in after-hours
trading and easing the pressure facing CEO Marissa Mayer.
PEUGEOT 3RD QUARTER REVENUE RISES
French car maker PSA Peugeot Citroen SA said revenue rose in the
third quarter, lifted by strong growth in Europe and China.
BHP BILLITON LOGS HIGHER 1ST QUARTER IRON-ORE OUTPUT
BHP Billiton said it boosted iron-ore production in its fiscal
first quarter, as the world's No. 1 mining company drove its
operations harder in the face of falling commodity prices.
NORSK HYDRO NET PROFIT UP ON HIGHER PRICES
Norwegian aluminum producer Norsk Hydro more than doubled its
third-quarter net profit amid higher prices, but missed analysts'
expectations.
BGC TO LAUNCH TENDER OFFER FOR RIVAL
BGC Partners plans to make a hostile bid to buy rival GFI Group
for $675 million, according to people familiar with the matter,
after an effort to strike a friendly deal between the interdealer
brokers foundered.
EMC TO BUY PART OF CISCO'S STAKE IN VCE VENTURE
EMC plans to buy a portion of Cisco Systems' stake in a joint
venture company called VCE that sells computing gear to corporate
customers, people familiar with the matter said.
HANDELSBANKEN 3RD QUARTER NET PROFIT RISES
Svenska Handelsbanken Wednesday posted an 8% rise in third
quarter net profit, boosted by gains in both net interest and net
fee and commission income.
TOTAL EXPECTED TO NAME DESMAREST CHAIRMAN
French oil company Total, after the sudden death of Chairman and
Chief Executive Christophe de Margerie, is said to be planning to
convene an emergency board meeting Wednesday to decide on a
succession plan.
APPLE'S ICLOUD SERVICE UNDER ATTACK IN MAINLAND CHINA
Apple's iCloud service for users in mainland China has been hit
by an attack that could allow perpetrators to intercept and see
usernames, passwords and other personal data, activists and
security analysts said.
DAIMLER SELLS 4% STAKE IN TESLA MOTORS
Daimler said it has sold its 4% stake in Tesla Motors Inc. for
$780 million, a position it took with an investment prior to
Tesla's 2010 public offering.