Nike Inc, the world's No. 1 footwear maker, will continue to dominate the sportswear market despite intensifying competition in North America, analysts said on Wednesday, a day after the company reported "futures orders" below estimates.
WATERLOO, Ontario BlackBerry Ltd's decision to outsource the development of its smartphones helps it avoid the risks of a competitive market and focus on its more lucrative businesses of software and managing rival devices, its chief executive said on Wednesday. | Video
TOKYO Japan's Toshiba Corp said on Wednesday it expects to post a bigger first-half profit than previously forecast as memory chip prices have climbed on rising demand for smartphones.
BERLIN German e-commerce investor Rocket Internet reported progress on Thursday in cutting losses at its main start-ups with three set to generate profits by the end of 2017, while its shares were lifted by a plan to buy back convertible bonds.
Intel Corp raised its quarterly revenue forecast for the first time in more than two years as suppliers of parts used in personal computers replenish their inventory amid improving PC demand.
MUMBAI/NEW DELHI Foreign exchange losses after Britain's decision to leave the European Union and higher expenses offset strong sales growth at India's Tata Motors, more than halving its net profit in the April-June quarter.
PARIS Italian luxury goods maker Prada predicted a return to sales and profit growth next year after its first-half underlying earnings and net profit dropped by 25 percent, partly dragged down by weak demand in China and Italy.
Ride-hailing giant Uber Technologies Inc lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter.
BEIJING PetroChina Co Ltd, the country's largest oil and gas producer, reported sharply lower profits for the first half of the year, hit by slowing demand growth for refined products as well as weak crude oil and natural gas prices.
Wal-Mart Stores Inc reported higher-than-expected quarterly earnings on Thursday, saying it benefited from cleaner and more efficient U.S. stores, investments in technology that improved online shopping and higher employee wages that fostered better customer service. | Video
HYDERABAD, India Centuries ago, Indian princes would bathe in the cool Kazhipally lake in Medak. Now, even the poorest villagers here in India's baking south point to the barren banks and frothy water and say they avoid going anywhere near it.