Rio Tinto Swings to Annual Loss

The mining giant also scrapped its progressive dividend policy, citing a worsening global economy and a sharp downturn in commodity prices.

 
Société Générale Shares Plunge After Profit Warning

Société Générale's shares fell more than 14% after the French bank warned that it may miss its profit target this year because of difficult market conditions and tighter regulation.

 
Glencore Copper, Zinc Output Falls

Commodities titan Glencore PLC reported lower fourth-quarter copper and zinc output, in line with its promise to cut back production as it seeks to slash costs and pare back debt amid a protracted commodities price slump.

 
Zurich Insurance Falls to Bigger-Than-Expected Loss

Zurich Insurance has set its new chief executive up for a considerable challenge after swinging to a bigger-than-expected net loss in the fourth quarter.

 
Mylan Reaches $7.2 Billion Deal For Sweden's Meda

Mylan said it has agreed to buy Swedish pharmaceutical company Meda for $7.2 billion in cash and stock, while the drug maker also reported slower-than-expected growth in its fourth quarter.

 
Nokia Sees Demand Cooling For Telecoms Gear

Nokia has warned of an impending slowdown in the telecommunications-equipment sector amid growing worries about the health of the global economy, just as the integration of the recently acquired Alcatel-Lucent gathers speed.

 
Total Trims Loss on Fewer Write-Downs

French oil major Total said its net loss narrowed in the fourth quarter after it booked fewer write-downs than a year earlier.

 
Pernod Ricard Profit Rises

Pernod Ricard said fiscal first-half profit rose 9%, with strong sales in the U.S. and some emerging markets and the euro's weakness against the dollar underpinning the French liquor group's performance.

 
Publicis Stock a Rare Gainer Amid Plunging Markets

Publicis Groupe shares rose more than 6%, defying a steep market downturn as investors cheered unexpected revenue growth at the end of 2015 driven by large U.S. advertising clients spending again.

 
Adidas Raises Outlook After Beating 2015 Targets

The German sportswear maker reporter a strong performance from its Adidas and Reebok brands and double-digit sales growth in Western Europe, China and Latin America.

 
Mediobanca Profit Dented by Bailout Fund Payment

Italian bank Mediobanca said its contribution to a bank bailout fund weighed on second-quarter net profit, countering a revenue gain.

 
Twitter Woes Mount as Growth Stalls

Twitter for the first time failed to show any user growth in an earnings report, pushing its shares to new lows and fueling investor anxiety that the company doesn't have a turnaround plan.

 
Peabody to Draw Down Rest of Revolving Loan

Peabody Energy Corp. is planning to draw down the remaining available balance of its $1.65 billion revolving credit facility, a move that would give the company much-needed cash to weather the coal industry's deep downturn.

 
Dong Energy Sells U.K. Wind Farm Stake for $958 Million

Denmark's Dong Energy has agreed to sell a 50% stake in a U.K. wind farm to the parent company of toy maker Lego and a Danish pension provider.

 
Sun Life Financial Tops Analysts' Estimates

Sun Life Financial Inc., Canada's third-largest insurance company by assets, posted a fourth-quarter profit Wednesday that beat analysts' expectations despite challenges posed by low interest rates, tumbling commodity prices and stock-market turbulence.

 
Facebook, Zuckerberg Denounce Company Director's Comments on India

Facebook Inc. disavowed comments by company director and venture capitalist Marc Andreessen that appeared to support the colonization of India-sentiments which also received a ringing denunciation from the company's chief executive, Mark Zuckerberg.

(END) Dow Jones Newswires

February 11, 2016 05:42 ET (10:42 GMT)

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