Company Results & Outlooks
OSAKA - Comcast Corp said it will buy a majority stake in Universal Studios Japan for $1.5 billion, its biggest investment outside the United States and part of an aggressive expansion of its theme park business globally.
TORONTO - Smartphone maker BlackBerry Ltd reported weaker-than-expected quarterly results on Friday but forecast higher revenue and said it might replace its operating system with Google Inc's Android platform.
MELBOURNE - BHP Billiton reported its worst underlying profit in a decade on Tuesday, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends.
SYDNEY - Qantas Airways posted one of the fastest turnarounds in Australian corporate history with a return to full-year profit and said it will buy eight fuel-efficient Boeing Co 787-9 Dreamliner jets, enabling it to fly the longest routes possible.
JOHANNESBURG - Miner and commodities trader Glencore posted a 29 percent fall in first-half earnings on Wednesday on sliding metal and oil prices and said capital spending next year was expected to be lower than this year.
- Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business.
MUMBAI - Reliance Communications Ltd , India's fourth-biggest mobile phone carrier, announced a 34 percent rise in quarterly profit on Friday, but missed analyst expectations as regulatory changes hit its core voice business.
NEW DELHI - Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses and a one-time gain on sale and leaseback of engines.
MUMBAI - Aluminium and copper producer Hindalco Industries Ltd posted a 67 percent fall in quarterly profit, hurt by lower metal prices and realisations.
ZURICH/LONDON - Nestle, the world's biggest packaged food company, posted better than expected first-half sales growth and stuck to its 2015 forecast, despite a recall of Maggi noodles in India, helped by higher prices in some key product areas.
NEW DELHI - India has promised to shave a third off the rate at which it emits greenhouse gases over the next 15 years, in a long-awaited contribution towards reaching a deal to slow global warming at a U.N. climate summit in December.