Company Results & Outlooks


Costs of misdeeds and revamp take toll on RBS

LONDON Higher misconduct costs and restructuring charges led to a third quarter loss at Royal Bank of Scotland, casting fresh doubts on when the government will recoup its 2008 bailout cash.

UBS beefs up funds for U.S. mortgage mis-selling case to $1.4 billion

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.

28 Oct 2016

After Q3 revenue drop, Baidu warns China ad curbs to hit Q4 harder

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.

28 Oct 2016

Twitter cuts jobs with eye on 2017 profit; Vine discontinued

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

Tech, 28 Oct 2016

Nokia hit by weak wireless market, says awaiting merger benefits

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.

27 Oct 2016

Maruti Suzuki Q2 profit soars 60 percent, beats estimates

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.

Top News, 27 Oct 2016

Volkswagen brand profit plunges, Porsche lifts group

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.

27 Oct 2016

Recall, product launch costs slash Ford third-quarter profit

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.

27 Oct 2016

Deutsche Bank warns of tough times ahead as braces for U.S. fine

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

27 Oct 2016

Barclays produces bumper profits on bond trading boom

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.

27 Oct 2016