Company Results & Outlooks
- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue.
FRANKFURT - German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales.
REUTERS - Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.
MUMBAI - HCL Technologies Ltd, India's fourth-largest software services exporter, posted a 32 percent rise in quarterly net profit, beating estimates, as sales in the Americas, the company's biggest market, rose.
MUMBAI - India's biggest software services exporter Tata Consultancy Services Ltd said on Thursday it is "positive about the future" as it shifts towards higher margin services, despite reporting profits slightly below market expectations.
VEVEY Switzerland - Nestle toned down expectations for full-year sales after slower third quarter growth showed the impact of softening demand in Asia and falling prices in Europe on the world's largest food company. | Video
REUTERS - Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards.
REUTERS - Bank of America Corp said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank's common shareholders a net loss for the third quarter.
REUTERS - Bank of America Corp , the second-largest U.S. bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the U.S. government.
NEW DELHI - India promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls.