RBS SETS ASIDE $640 MILLION TO COVER FOREX PROBES
Royal Bank of Scotland says it set aside $640 million to cover
potential fines for the alleged manipulation of foreign-exchange
rates, as the British bank swung to a third-quarter net profit.
BNP PARIBAS PROFIT LIFTED BY INVESTMENT BANK
BNP Paribas reported an 11% jump in third-quarter net profit,
buoyed by its investment banking business as the French bank climbs
back from hefty losses caused by a U.S. fine in June for sanctions
violations.
AB INBEV HIT BY WEAKNESS IN RUSSIA, UKRAINE
Anheuser-Busch InBev reports that weakness in Russia and Ukraine
weighed on sales volumes in the third quarter, even as cost cuts
and strong sales elsewhere boosted profit.
DBS GROUP'S 3RD QUARTER PROFIT RISES 17%
DBS Group Holdings reported a 17% rise in third-quarter net
profit after Southeast Asia's biggest lender by assets saw its
income from interest, fees and trading grow.
BOMBARDIER DROPS RUSSIAN ASSEMBLY LINE PLANS
Bombardier's chief executive said it has shelved plans to open a
new assembly line in Russia to build commuter aircraft, amid
economic tension between the West and Moscow over Russian military
actions in Ukraine.
TRANSCANADA FILES APPLICATION FOR ENERGY EAST PIPELINE
TransCanada formally proposed to spend $10.7 billion to break a
bottleneck plaguing many western Canadian oil producers and give
them access to east coast and offshore refineries.
DANONE TO BUY STAKE IN CHINESE MILK POWDER MAKER
Danone has agreed to acquire a 25% stake in Chinese milk powder
maker Yashili International Holdings for $566 million to bolster
its presence in China.
SINOPEC TO BUY STAKE IN SAUDI ARABIAN PETROCHEMICAL FIRM
State-controlled China Petroleum & Chemical Corp., or
Sinopec, said Thursday it agreed to acquire stake in a Saudi
Arabian petrochemical company for $562 million to enhance its
global network and international operation of the refining
segment.
CITIGROUP CUTS THIRD-QUARTER RESULTS
Citigroup cut its third-quarter earnings by $600 million, citing
"rapidly-evolving regulatory inquiries and investigations." Shares
fell 2.0% in after-hours trading.
GROUPON LOSS WIDENS ON HIGHER EXPENSES
Groupon posted a wider third-quarter loss and signaled it may
sell a stake in South Korean subsidiary Ticket Monster less than 10
months after buying it.
STARBUCKS SALES GROWTH DISAPPOINTS
Starbucks said revenue rose 10% in the fiscal fourth quarter,
thanks to a steady increase in new stores and its continuing
efforts to woo a growing crowd of coffee aficionados.
LINKEDIN'S REVENUE GROWS STRONGLY ACROSS THE BOARD
LinkedIn reported strong third-quarter revenue growth across its
three main businesses, helping the professional social network post
a smaller-than-expected loss.
CANADIAN OIL SANDS POSTS SHARP DECLINE IN PROFIT
Canadian Oil Sands Ltd., the largest owner of the Syncrude
oil-sands joint venture said its third-quarter net profit fell 65%
from a year earlier, citing lower revenue and foreign
exchange-related losses.
SANOFI CEO ENTITLED TO NEARLY $7.6M SEVERANCE
Chris Viehbacher, who has lost his job as chief executive of
French drug maker Sanofi, is entitled to receive a termination
package of nearly $7.6 million, according to company legal
filings.
MASTERCARD PROFIT RISES 15%
MasterCard reported a profit of $1.02 billion, or 87 cents a
share, as the credit-card company posted higher revenue and payment
volumes. The results topped analysts' expectations. Revenue rose
13% to $2.5 billion.