FORD'S PROFIT FALLS ON EUROPE LOSSES
Ford said its 3Q net income fell to $835 million as lower
production and profits in North America and losses in Europe hurt
results. Revenue fell to $34.9 million. Still, results beat
expectations are shares edged higher in premarket trading.
NASDAQ PROFIT CLIMBS 8.9%
Nasdaq said its earnings rose 8.9% as the firm's focus on
expense control helped offset the effect of foreign exchange and
other pressures on its top line. Profit for the most recent quarter
topped analysts' expectations.
ERICSSON'S REVENUES BEAT VIEWS
Ericsson's revenue grew more than expected in the third quarter,
but uncertainty about North American operators' mobile network
spending threw a wet blanket over the Swedish company's
earnings.
BASF LOWERS 2015 FORECAST
Germany's BASF lowered its outlook for 2015 and reported a 4.8%
decline in third-quarter profit, hurt by the slowing global economy
and weaker demand in Europe.
GERMAN AUTO SUPPLIER HELLA EYES IPO
Hella is preparing to list its shares later this year, despite
the disappointing run of recent initial public offerings in
Germany. The company is expected to be valued at EUR4 billion
($5.06 billion), including debt.
BANKIA BOOSTED BY LOWER BAD LOAN PROVISIONS
Bankia said 3Q net profit rose compared to a year earlier as
Spain's largest nationalized bank reported lower costs and fewer
provisions to cover soured loans.
VOLVO TO CUT COSTS AS NET PROFIT RISES
Swedish commercial vehicle maker Volvo said it will cut costs
further while it reported an increase in third-quarter net profit
as good momentum in North America and Japan offset slow development
in emerging markets.