Company Results & Outlooks
TORONTO - BlackBerry Ltd reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a more than 4 percent jump in its shares.
REUTERS - Nike Inc, the world's largest sportswear maker, reported a better-than-expected quarterly profit as it gains market share in Europe and focuses on higher-margin products such as Flyknit soccer boots.
STOCKHOLM - Hennes & Mauritz , the world's second-biggest fashion retailer, reported quarterly profits in line with analysts' forecasts on Thursday but said sales growth had slowed so far in September as unusually warm weather delayed purchases of autumn collections.
- Consulting and outsourcing company Accenture Plc forecast first-quarter revenue largely below analysts' expectations as stiff competition from rivals hurt new contracts wins.
LONDON - Accounting mistakes in supplier contracts forced Tesco to suspend its UK boss along with three other senior executives and cut its profit outlook for the third time in two months, dealing another major blow to the world's No. 3 retailer.
KUALA LUMPUR - Malaysia Airlines on Thursday reported another financial loss and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year.
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 - India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month.