Company Results & Outlooks
NEW YORK - Warren Buffett on Saturday signaled he plans to make more large acquisitions for Berkshire Hathaway Inc to expand his conglomerate, which posted a record profit in 2013 with the help of a recovering U.S. economy.
NEW YORK/MEXICO CITY - Citigroup Inc said on Friday that it has discovered at least $400 million in fraudulent loans in its Mexico subsidiary and said employees may have been in on the crime.
SAN FRANCISCO/BEIJING - Chinese Internet company Baidu Inc is poised to make more acquisitions this year to entice smartphone users to tap into its services, a strategy that will put it on a collision course with bigger rivals like Tencent Holdings Ltd .
SAN FRANCISCO - Hewlett Packard Co's revenue fell less than Wall Street expected in the first quarter and it raised its outlook for fiscal 2014 earnings as the computing giant grew sales at its two largest businesses and again signaled a better year ahead.
REUTERS - Sina Corp's revenue soared 43 percent in the fourth quarter, as its Weibo messaging service more than doubled advertising sales despite strong competition from Tencent Holdings Ltd's WeChat.
REUTERS - Coca-Cola Co's quarterly global sales volumes rose less than the company estimated and fell in North America, but the company said it expects to restore sales momentum in 2014.
NEW DELHI - SpiceJet Ltd , India's fourth-biggest airline by market share, reported a quarterly loss mainly due to higher fuel costs and a weak local currency.
MUMBAI - State Bank of India (SBI) said on Friday it would boost vigilance of bad loans after the country's largest lender disappointed analysts and posted a fourth consecutive quarterly drop in net income.
MUMBAI - Mahindra & Mahindra Ltd , India's biggest utility vehicle maker, posted a 12 percent rise in quarterly profit, in line with analyst estimates as strong tractor sales offset slowing demand for passenger and commercial vehicles.
NEW DELHI/MUMBAI - Oil and Natural Gas Corp beat expectations with a 28 percent rise in third-quarter profit on Thursday buoyed by a one-time provision writeback and forex gains from a weakened rupee.
NEW DELHI - India has put on ice plans to join major emerging market bond indexes that would require removal of restrictions on capital inflows, two sources said, taking a decision that knocked the rupee, but showed balance of payments concerns were easing.