Credit Suisse Posts Third-Straight Loss but Says Strategy Is Working
Credit Suisse posted its third-straight annual loss as the U.S. corporate tax overhaul forced the Swiss banking giant to write down over $2 billion in deferred-tax assets.
GKN to Return GBP2.5 Billion to Shareholders
GKN said it plans to return GBP2.5 billion to shareholders over the next three years, and pay 50% of free cash flow as dividends up to 2020.
A Billion-Dollar Bribery Scandal Sweeps Through the Oil Industry
Shell and Eni paid $1.3 billion for rights to a prized offshore oil field in Nigeria. The question of whether the money was mostly a bribe is at the heart of one of the biggest corruption scandals the industry has faced.
H&M Sees Light Ahead After Tough Start to 2018
H&M said that this year will be challenging as it continues to build its online presence. Nevertheless, as sales from both the internet and new stores grow, it expects improved results in 2018.
Credit Agricole Profit Jumps By A Third
Credit Agricole posted a 33% jump in fourth quarter net profit despite the negative effect of tax items.
Clariant Lifts Dividend as Profit Jumps
Clariant said its 2017 after-tax profit rose 15%, supported by an improvement in earnings and lower finance costs, and proposed a higher dividend.
Netflix Signs Producer Ryan Murphy to Multimillion-Dollar Deal
In the latest sign of the escalating battle for talent in Hollywood, Netflix signed producer Ryan Murphy to a multiyear deal to create content exclusively for the streaming service.
Baidu Bounces Back as Ad Revenue Rebounds
Chinese search giant Baidu is clawing its way back from a challenging year on the strength of advertising and its move to pare down its noncore businesses.
Uber Posts Fourth-Quarter Loss of $1.1 Billion on Higher Sales
Uber continued to boost ridership and revenue throughout last year, despite a punishing stretch that included a sexual harassment scandal, the resignation of its longtime chief and a blockbuster lawsuit from its primary rival in self-driving vehicles.
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(END) Dow Jones Newswires
February 14, 2018 05:15 ET (10:15 GMT)
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