AbbVie Boosts Earnings Guidance
AbbVie raised its outlook for the year and posted higher sales
in the pharmaceutical company's first earnings report since its
megamerger with Shire fell apart.
Chevron Profit Up on Refining, Marketing Strength
Chevron said its third-quarter profit increased 13% to $5.59
billion, or $2.95 a share, on asset sales and strength in the
refining, marketing and chemical segment, despite lower revenue and
production.
Sony Posts Hefty Loss
Booming sales of Sony's PlayStation 4 videogame console and of
camera sensors for smartphones offset weakness in the company's own
mobile division, resulting in a less-than-expected net loss of
$1.22 billion for the summer quarter.
CBOE Profit Rises 17% as Trading, Fees Increase
CBOE Holdings said its profit for the most recent quarter rose
17% to $48.1 million, or 57c a share, as trading activity picked
up, along with fees. Profit topped analysts' expectations, but
revenue fell just shy of them.
Spain Delays Aena Stake Sale
The Spanish government said it would delay until January the
partial sell-off of the state airport operator Aena that had been
touted as the biggest privatization deal in Europe this year.
Omega Healthcare to Buy Aviv REIT
Omega Healthcare Investors has agreed to buy Aviv REIT in an
all-stock deal that values the company at about $1.65 billion,
further consolidating the fragmented skilled-nursing facility
sector.
Dollar General Extends Family Dollar Tender Offer
Dollar General said it is extending its $80-a-share tender offer
to buy Family Dollar Stores by two months until Dec. 31, as the
offer remained well undersubscribed.
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.
Exxon Posts Higher Earnings
Exxon Mobil's 3Q earnings rose 2.5% to $8.07 billion, or $1.89 a
share, on revenue of $107.5 billion, as higher refining margins and
improvements at refining and marketing segment helped offset lower
production. Shares rose 1% premarket as results topped
estimates.
RBS Takes Provision 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.
Dominion Earnings Fall Due to Warm Weather
Dominion Resources said its third-quarter earnings fell to $529
million, or 90 cents a share from $569 million, or 98 cents a share
a year earlier, dented by a season of milder-than-usual
weather.
Altice About to Join Competition to Buy PT Portugal
Telecom company Altice is set to make a firm offer to buy PT
Portugal from its Brazilian owner, according to people familiar
with the matter, as competition heats up for the Portuguese unit
valued at over EUR6 billion.
Oi, Telefónica, América Móvil Advance on TIM Buy
Three telecommunications companies operating in Brazil, Spain's
Telefónica SA, Mexico's América Móvil SAB and Brazil's Oi SA,
agreed to join forces to make an offer to acquire Telecom Italia
SpA's local unit, Tim Participações.
Apple Warns On Change To Irish Tax
Apple Inc. has informed its shareholders that it could be
subject to changes in its tax rates as new international tax
legislation comes into effect.
Brazil's AmBev Profit Rises
AmBev, the brewer of beer brands such as Skol and Brahma, said
its profit increased in its third quarter, as lower debt service
costs helped offset tepid sales.
HTC Sees Brighter Fourth-Quarter
HTC Corp. predicted sales would at least stay flat in the fourth
quarter after three years of decline, expecting revenue of 43
billion New Taiwan dollars to NT$47 billion and to remain
profitable for the third straight quarter.
Hilton Worldwide Profit Falls, Outlook Rises
Hilton Worldwide Holdings' 3Q profit edged down to $183 million,
or 19c a share, from $200 million a year ago, on higher expenses,
but the hotel operator raised its outlook for the year on strong
revenue and occupancy rates.
Intesa Sanpaolo Rules Out Rescuing Monte dei Paschi
Intesa Sanpaolo CEO Carlo Messina has ruled out rescuing
crippled lender Banca Monte dei Paschi di Siena, which has to plug
a EUR2.1 billion capital shortfall identified by European
regulators.
AB InBev Hit by Weakness in U.S., Russia, Ukraine
Anheuser-Busch InBev reported that weakness in the U.S., Russia
and Ukraine weighed on sales volumes in the third quarter, even as
cost cuts and strong sales elsewhere boosted profit.
Australia Urges China to Reshape Asia Bank Plan
Australia urged China to reshape its proposal for a $50 billion
Asian bank, arguing the plan to create a new regional lender would
likely win more support if Beijing was willing to loosen its grip
over the institution and ensure more transparency.