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Company Results & Outlooks

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Nike seen on track for long-run growth despite tough competition

Nike Inc, the world's No. 1 footwear maker, will continue to dominate the sportswear market despite intensifying competition in North America, analysts said on Wednesday, a day after the company reported "futures orders" below estimates.

BlackBerry avoids smartphone risk with outsource move - CEO

WATERLOO, Ontario BlackBerry Ltd's decision to outsource the development of its smartphones helps it avoid the risks of a competitive market and focus on its more lucrative businesses of software and managing rival devices, its chief executive said on Wednesday. | Video

Tech, 1:09am IST

Toshiba revises up H1 forecast on solid memory chip sales

TOKYO Japan's Toshiba Corp said on Wednesday it expects to post a bigger first-half profit than previously forecast as memory chip prices have climbed on rising demand for smartphones.

Tech, Japan 28 Sep 2016

Rocket Internet trims losses, increases debt buyback

BERLIN German e-commerce investor Rocket Internet reported progress on Thursday in cutting losses at its main start-ups with three set to generate profits by the end of 2017, while its shares were lifted by a plan to buy back convertible bonds.

Tech 22 Sep 2016

Intel raises revenue forecast as PC market improves

Intel Corp raised its quarterly revenue forecast for the first time in more than two years as suppliers of parts used in personal computers replenish their inventory amid improving PC demand.

16 Sep 2016

Tata Motors Q1 net profit halves on forex loss post-Brexit vote

MUMBAI/NEW DELHI Foreign exchange losses after Britain's decision to leave the European Union and higher expenses offset strong sales growth at India's Tata Motors, more than halving its net profit in the April-June quarter.

Top News, 26 Aug 2016

Prada predicts return to growth in 2017 after H1 profits slump

PARIS Italian luxury goods maker Prada predicted a return to sales and profit growth next year after its first-half underlying earnings and net profit dropped by 25 percent, partly dragged down by weak demand in China and Italy.

26 Aug 2016

Uber lost at least $1.27 billion in first half of 2016 - Bloomberg

Ride-hailing giant Uber Technologies Inc lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter.

Tech 25 Aug 2016

PetroChina profits sink as weak prices, oversupply bite

BEIJING PetroChina Co Ltd, the country's largest oil and gas producer, reported sharply lower profits for the first half of the year, hit by slowing demand growth for refined products as well as weak crude oil and natural gas prices.

24 Aug 2016

Wal-Mart draws more shoppers, raises fiscal-year outlook

Wal-Mart Stores Inc reported higher-than-expected quarterly earnings on Thursday, saying it benefited from cleaner and more efficient U.S. stores, investments in technology that improved online shopping and higher employee wages that fostered better customer service. | Video

19 Aug 2016
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Insight: The cost of cheap drugs? Toxic Indian lake is "superbug hotspot"

HYDERABAD, India Centuries ago, Indian princes would bathe in the cool Kazhipally lake in Medak. Now, even the poorest villagers here in India's baking south point to the barren banks and frothy water and say they avoid going anywhere near it.