Lloyds Profit Dives on Big PPI Charge

U.K. bank Lloyds set aside another $1.22 billion to compensate customers who were sold insurance products they didn't need, taking a big bite out of its third-quarter profit.

Comcast Reports Strong Earnings

Comcast reported better-than-expected financial results and added video customers in the third quarter, as its NBCUniversal business was powered by the Rio Olympics.

Carlyle Group Swings to a Profit

Carlyle Group swung to a third-quarter profit as rising markets buoyed its portfolio and offered a continued opening to sell out of investments of years past.

Hilton Cuts 2016 Forecast, Says Spin Offs On Track for Year's En

Hilton Worldwide Holdings, in the process of turning itself into three separate entities, cut its profit forecast for the year as a key indicator of pricing power grew less than expected in the latest period.

Southwest's Revenue Falls 3.4%

Southwest Airlines's revenue fell in the latest period, hurt in part by a technology outage in August that plagued service, as the carrier said Wednesday an important industry metric would decline in the current quarter.

Northrop Grumman Raises Forecast

Northrop Grumman upped its forecast for the year and beat Wall Street expectations for the latest quarter as an increase in its aerospace sales bolstered its financial results.

Santander Profit Beats Forecasts

Banco Santander said third-quarter net profit inched higher, as the Spanish lender's business in Brazil benefited from a brightening outlook for the local economy and currency while the slump in the pound knocked returns from its U.K. unit lower.

Airbus to Ramp Up Deliveries to Meet Earnings Targets

Problems building some of its newest planes and other missteps have hobbled Airbus for months and are forcing the European plane maker to go full throttle to meet full-year earnings targets.

Bayer CEO Defends Planned Acquisition of Monsanto

Bayer Chief Executive Werner Baumann defended the company's planned $57 billion acquisition of U.S. agrochemical group Monsanto amid concerns the deal could face an uphill battle with regulatory authorities over antitrust issues.

Ericsson Names New CEO to Steer Turnaround

Ericsson appointed Börje Ekholm as its new chief executive, as the struggling Swedish telecom-equipment provider looks to turn around its business amid waning demand and stiff global competition.

Toyota Recalls 5.8 Million Vehicles With Faulty Takata Air Bags

Toyota is recalling vehicles around the world equipped with air bags that lack a drying agent, making them prone to exploding.

Apple Profit, Revenue Slide as iPhone Sales Fall

Apple posted its first annual revenue decline in 15 years, but projected a return to growth in the current quarter behind strong sales of its new iPhone 7.

VW Buyback Deal on Diesel-Emissions Scandal Approved

Volkswagen received final approval of a $14.7 billion deal reached with consumers and government agencies that could get nearly half a million dirty diesel vehicles off U.S. roads.

Google Fiber Chief Craig Barratt Exits Amid Strategy Shift

Google Fiber chief Craig Barratt stepped down on Tuesday amid a shift in strategy for Alphabet's internet service that includes laying off 9% of its workforce and trimming service plans.

Nintendo Earnings Rise on Sale of Stake in Seattle Mariners

The company said the smash hit videogame "Pokémon Go" helped to lift its bottom line during the first half of the fiscal year.

(END) Dow Jones Newswires

October 26, 2016 07:58 ET (11:58 GMT)

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