ZURICH UBS revealed it had set aside an extra $417 million to cover potential penalties tied to mis-selling mortgage-backed securities ahead of the financial crisis as it delivered an 11 percent rise in third-quarter profit.
BEIJING Chinese internet search giant Baidu Inc warned investors fourth-quarter revenue will slide, hitting shares, as a government crackdown on healthcare advertising that tipped the firm into its first-ever quarterly sales drop bites even harder.
Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down even as quarterly results eclipsed Wall Street's beaten-down expectations, lifting shares that had fallen after a failed effort to sell the company. | Video
HELSINKI Finnish telecoms equipment group Nokia reported a sharp drop in third-quarter earnings on Thursday, suffering from a weaker sales in the wireless network market and warning that the market was likely to shrink further in the coming year.
Maruti Suzuki India Ltd, India's biggest-selling automaker, posted a better than expected 60 percent surge in second-quarter net profit as demand grew for its compact and utility vehicles.
BERLIN Profits at Volkswagen's core brand plunged more than a half in the three months through September, turning up the pressure on the German carmaker to strike a big cost-cutting deal with its powerful works council.
DETROIT Ford Motor Co reported a more than 50 percent drop in third-quarter net income on Thursday, saying its North American business suffered from lower sales, higher recall costs and a complicated introduction of a new pickup truck.
FRANKFURT Deutsche Bank chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that the bank faces tough times ahead as it finalises talks with U.S. justice authorities over a multi billion dollar fine. | Video
LONDON Barclays on Thursday reported a forecast-beating bounce in third-quarter profits to 1.7 billion pounds ($2.08 billion), benefiting like its U.S. rivals from a bumper quarter for its investment banking business.
MUMBAI The war of words between Tata Sons and its ousted Chairman Cyrus Mistry ratcheted up a notch late on Friday, with Mistry stating he was surprised with reasons given by the Indian conglomerate for his dismissal.