Company Results & Outlooks


Malaysia Airlines posts Q2 net loss of $98 mln

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.

Qantas looks past record loss, opens door to foreign investors

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.

Aerospace & Defence 28 Aug 2014

Alibaba revenue soars ahead of IPO

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.

28 Aug 2014

Man United see revenue, profit fall from European absence

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.

10 Sep 2014

Gap raises forecast; to open 40 stores in India

- 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.

22 Aug 2014

SpiceJet reports $20.4 mln Q1 net loss; fourth consecutive quarterly loss

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.

15 Aug 2014

Cairn Energy reduces staff to stem costs

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.

19 Aug 2014

Reliance Communications profit up on higher tariffs

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.

14 Aug 2014

Wal-Mart cuts forecast as it spends more on healthcare, online

REUTERS - Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.

14 Aug 2014

ONGC Q1 profit hurt by write-offs, subsidy payment

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.

Top News 13 Aug 2014