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Company Results & Outlook

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China's Lenovo warns of cost challenges as it sinks to Q1 loss

HONG KONG Chinese personal computer maker Lenovo Group Ltd warned of higher costs and margin pressure due to shortages of components like memory chips, as it posted its first quarterly loss in almost two years on Friday.

Alibaba beats on earnings as e-commerce remains core revenue driver

BEIJING Alibaba, China's top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales. | Video

Budget 2017, Tech 18 Aug 2017

Wal-Mart's profit margins fall; quarterly outlook disappoints

CHICAGO Wal-Mart Stores Inc warned on Thursday that this quarter's earnings could miss Wall Street's estimates as the world's biggest retailer struggles with falling margins due to price-cutting and heavy spending on its e-commerce operations.

Budget 2017, 17 Aug 2017

Estee Lauder's glossy forecasts send shares soaring

Estee Lauder Cos Inc's stock hit a record high after the cosmetics maker forecast full-year profit and sales ahead of Street views and posted higher-than-expected quarterly results as it sold more products from brands such as M.A.C and Tom Ford.

19 Aug 2017

HDFC Bank cuts rates on certain savings accounts

HDFC Bank Ltd on Thursday cut interest rates on most of its savings accounts to 3.5 percent from 4 percent.

Budget 2017, Top News 17 Aug 2017

Gap shares rise as Old Navy again boosts results, forecast

Clothing retailer Gap Inc reported better-than-expected second-quarter results and raised its full-year profit forecast, helped by strong demand for Old Navy products, fewer discounts and better managing inventory.

Budget 2017, 18 Aug 2017

Cisco's security business revenue misses estimates, shares drop

Cisco Systems Inc's quarterly revenue in its closely-watched security business missed analysts' estimates, raising concerns about the world's largest networking gear maker's efforts to transform into a software-focused company.

Tech, Budget 2017, 17 Aug 2017

Maersk upbeat on shipping outlook, faces hefty cyber attack bill

COPENHAGEN Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations. | Video

Budget 2017, 16 Aug 2017

State-owned China Unicom to raise $12 billion from Alibaba, Tencent, others

HONG KONG Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing's push for state-owned enterprises to be revitalized with private capital.

Tech, Budget 2017, 16 Aug 2017

China's Tencent set to open 5.3 percent up after strong second quarter

HONG KONG Shares of China's Tencent Holdings are set to open 5.3 percent higher on Thursday after the world's largest gaming company reported a forecast-beating quarterly profit.

17 Aug 2017
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After Sikka's dramatic exit, Infosys faces recruitment headache

MUMBAI/BENGALURU The dramatic departure of Vishal Sikka as chief executive of Infosys, following a months-long public battle with the tech giant's founders, has left the company with another messy problem: how to find someone willing to replace him. | Video