Company Results & Outlooks
SYDNEY - Qantas Airways Ltd is looking past a record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to significant foreign investment in the airline's international arm - its biggest headache.
REUTERS - Alibaba Group Holding Ltd's revenue accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be the final glimpse of the Chinese e-commerce company's financials before its expected landmark market debut.
LONDON - English soccer club Manchester United forecast on Wednesday that revenue and profit would fall in 2014-15, paying a price for missing out on European soccer this season.
- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
NEW DELHI - Low-cost carrier SpiceJet Ltd reported a fourth straight quarterly loss, hurt by the high costs and low fares weighing on most airlines in Asia's third-largest economy.
LONDON - British-based oil explorer Cairn Energy Plc said it will trim its business to keep a lid on costs as it continued losing money over the first half of the year, with its Indian business under investigation by tax authorities.
MUMBAI - Reliance Communications Ltd reported a 22 percent rise in quarterly net profit after the telecom services provider raised voice call rates by about a fifth earlier this year.
REUTERS - Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.
MUMBAI - Oil and Natural Gas Corp (ONGC) posted a 19 percent jump in first-quarter profit, but fell short of expectations, hurt by higher exploration related write-offs and an increased subsidy payment.
NEW DELHI - India will decide on whether to end government control of diesel pricing after elections in two states next month, an oil ministry source said.