BARCLAYS TAKES $800M PROVISION RELATED TO FOREX PROBES
Barclays reported a fresh legal provision related to
investigations into the alleged manipulation of the
foreign-exchange market, weighing down what was otherwise a
brighter quarterly performance.
ROYAL DUTCH SHELL POSTS RISE IN PROFIT
Royal Dutch Shell reports a rise in third-quarter earnings, with
increases in both upstream and downstream, despite falling oil
prices.
AUSTRIAN LENDER TO SELL NETWORK TO ADVENT INTERNATIONAL
Hypo Alpe-Adria-Bank International decided to sell its
southeastern European network to the private-equity firm Advent
International. The network comprises six banking units in five
countries and assets of around $10.69 billion.
TIME WARNER CABLE PROFIT DROPS AS SUBSCRIPTIONS WANE
Time Warner Cable, still awaiting regulatory approval for its
deal to be bought by larger peer Comcast, said its 3Q profit fell
6% to $499 million, missing Wall Street expectations as the company
lost subscribers.
VALE SWINGS TO SURPRISE LOSS
Brazilian mining giant Vale SA surprised investors by coughing
up a net loss of $1.44 billion in the third quarter due a sharp
depreciation in the local currency and the lowest iron-ore prices
since 2010.
LENOVO COMPLETES MOTOROLA ACQUISITION
Lenovo Group said it has completed its $2.91 billion acquisition
of Motorola Mobility, as the world's largest personal-computer
maker continues its expansion in the global smartphone market.
AVIVA: U.K. BANKS SELL INSURANCE AGAIN
British banks have tentatively started selling insurance again
in their branches for the first time since the start of a GBP21
billion ($33.63 billion) consumer mis-selling scandal.
VOLKSWAGEN PROFIT RISES
Volkswagen reported a sharply higher profit and steady sales
growth in the three months to the end of September, beating
analysts' forecasts and reaffirming it is on track reach its target
of 10 million vehicles sales this year.
SABADELL'S THIRD-QUARTER PROFIT SOARS
Banco de Sabadell says that net profit rose 56% from a year
earlier, even as the bank set aside more provisions to cover soured
loans.
CIGNA RAISES OUTLOOK AS RESULTS EXCEED EXPECTATIONS
Cigna's 2Q profit fell to $534 million, even as total operating
revenue, which includes net investment income and mail-order
pharmacy revenue, improved 8.7% to $8.73 billion. The firm again
raised its guidance.
TOSHIBA, FUJITSU, NEC SQUEEZE OUT PROFIT
Three of Japan's biggest electronics companies reported modest
earnings gains for the first half of the financial year ending
March, helped by the yen's weakness and restructuring, but held
back by a soft domestic economy.
ALCATEL-LUCENT NARROWS LOSSES
Network-equipment company Alcatel-Lucent SA narrowed its loss in
the third quarter to EUR18 million and reduced the amount of cash
it burns after wrestling down costs.
BT QUARTERLY EARNINGS FALLS
BT records a fall in quarterly earnings, hit by restructuring
costs and lower revenue from business and wholesale services.
LUFTHANSA LOWERS 2015 EARNINGS OUTLOOK
Lufthansa says that it wouldn't meet its already reduced
earnings targets for next year because of a weaker global economic
outlook, but confirmed its 2014 targets.
BAYER RAISES EARNINGS FORECAST
German pharmaceutical giant Bayer AG raised its full-year
earnings forecast as it reported a 13% rise in third-quarter net
profit, boosted by strong growth in its health-care and
crop-science divisions.
HYUNDAI HEAVY POSTS WORST LOSS ON RECORD
South Korea's Hyundai Heavy Industries Co. posted its worst
quarterly loss to date, hurt by massive provisions against delayed
projects and a stronger local currency amid a slowdown in the
global shipbuilding industry.
GE MULLS STAKE SALE OF KOREA FINANCE VENTURES
General Electric Co. is in early-stage talks to sell its stakes
likely worth more than $1 billion in its South Korean
auto-financing and credit-card businesses.
ASTRAZENECA APPROVED FOR DIABETES TREATMENT
British-Swedish drugmaker AstraZeneca PLC said it received
approval from the U.S. Food and Drug Administration for Xigduo XR
as a daily treatment for type 2 diabetes.
LINDE ISSUES PROFIT WARNING AFTER WRITE-DOWNS
Industrial-gases group Linde issues a profit warning saying it
would miss key targets this year because of impairments and adverse
currency effects.
DANSKE BANK 3Q NET PROFIT SURGE
Danish lender Danske Bank reports a surge in net profit driven
by higher revenues and lower impairment charges and raised its
prediction for full-year net profit.
SAMSUNG, APPLE LOSE TO CHINA SMARTPHONE MAKERS
The erosion of Samsung's and Apple's dominance of the global
smartphone market accelerated during the third quarter, as Chinese
makers of low-cost phones continued to undercut the industry
leaders.
SAMSUNG ELECTRONICS 3RD QUARTER PROFIT FALLS SHARPLY
Samsung Electronics on Thursday posted a sharply lower
third-quarter net profit as its mobile business continued to lose
ground to low-cost Chinese smartphone makers.