ING Boosted by Growing Loan Book
ING reported a rise in second-quarter profit as the Dutch lender
expanded its loan book, booked a gain from an asset sale and
reduced its loan-loss provisions.
Discovery Communications Reports Weak Revenue Growth
Discovery Communications Inc. reported Wednesday that its
revenue grew less-than-expected because of currency headwinds and
slowing international growth.
Dish Network Results Top Expectations
Dish Network said Wednesday that its pay-TV subscriber losses
accelerated in the second quarter, though profit and revenue topped
Wall Street expectations.
RetailMeNot Swings to a Loss, Cuts Guidance
Online coupon site RetailMeNot swung to an unexpected loss in
its second quarter, hurt by weakness in search traffic.
Lumber Liquidators Swings to Loss
Lumber Liquidators Holdings swung to surprise loss in its second
quarter, as sales fell further than Wall Street had expected
despite heavy discounting.
Société Générale Boosted by Market Volatility
Shares in Société Générale rose more than 7% after the French
bank reported a 25% rise in second-quarter profit, lifted by the
performance of its large equity and derivatives trading
business.
Standard Chartered Slashes Dividend
Standard Chartered halved its dividend and reported a sharp fall
in profit but new Chief Executive Bill Winters relieved investors
by saying the bank had yet to decide whether it needed to raise
fresh capital.
Mediobanca Eyes Iran Opportunities
Italian lender Mediobanca is gearing up to seize business
opportunities in Iran following the country's landmark nuclear deal
with the U.S. and other world powers.
Time Warner Earnings Tops Views
Time Warner's profit easily topped Wall Street expectations in
the second quarter, as new videogame releases helped drive revenue
higher in its Warner Bros. division.
Skymark Creditors Reject Delta, Opt for ANA-Backed Funding Plan
Creditors of Japan's financially troubled Skymark Airlines chose
ANA Holdings Inc. to support the carrier's rehabilitation, blocking
an alternative plan submitted by a creditor that sought help from
Delta Air Lines.
DreamWorks Animation Loss More Than Doubles
DreamWorks Animation loss more than doubled in the second
quarter, as the studio struggles to revamp operations.
Sunrun Prices IPO at $14 a Share
Sunrun Inc. priced its initial public offering at $14 a share
late Tuesday, in line with expectations, according to people
familiar with the deal.
Disney Defends ESPN as Consumers Cut Cords
A conference call to discuss Walt Disney Co.'s financial results
Tuesday became a forceful defense of ESPN in an age of cable
cord-cutting, reflecting Wall Street's concerns about the brand's
future.
Ailing Travelers CEO Fishman to Exit
Jay S. Fishman is stepping down Dec. 1, handing over his job to
Alan D. Schnitzer, who runs the company's largest segment.
Plains All American Pipeline Posts Lower Revenue
Plains All American Pipeline LP said revenue fell 40.5% as the
master-limited partnership said it has a "cautious" near-term
outlook.
First Solar's Profit Surges
First Solar Inc.'s second-quarter profit surged on higher
project revenue and a one-time tax gain.
Soros's Investment Chief to Depart
Scott Bessent will start his own hedge-fund firm, with a $2
billion investment from Soros Fund Management.