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BlackBerry signals slowing sales on subscription switch

Canada's BlackBerry Ltd signaled slowing sales in its software and services business as it switches to a subscription-based model, sending its shares down nearly 10 percent.

China-U.S. trade war hits Daimler profit, may sweep sector

FRANKFURT Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry. | Video

21 Jun 2018

Chanel steps out of fashion shadows to show off surging sales

PARIS French fashion group Chanel published financial results for the first time on Thursday, showing off its credentials as one of the luxury world's biggest labels by sales as revenue and profit grew strongly in 2017.

21 Jun 2018

Oracle's forecast miss overshadows cloud growth, shares fall

Oracle Corp's forecast for current-quarter profit missed analysts' expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.

20 Jun 2018

FedEx profit tops Wall St estimates amid trade war worries

LOS ANGELES/NEW YORK FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units.

20 Jun 2018

Tesco raises pressure on rivals with new price cuts

LONDON A new drive to cut food prices boosted Tesco's quarterly sales, turning up the heat on rivals three years after Britain's biggest retailer started work on a turnaround plan. | Video

15 Jun 2018

Etihad Airways blames rising fuel prices, costly investments as it stays in the red

DUBAI Etihad Airways reported on Thursday a second consecutive annual loss, blaming rising fuel prices, the cost of its ambitious turnaround plan and lost business due to the collapse of Air Berlin and problems at Alitalia.

Aerospace & Defence 14 Jun 2018

Adobe tops estimates on digital media business momentum

Adobe Systems Inc topped analysts' profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud.

15 Jun 2018

Zara owner Inditex boosts profitability despite strong euro

MADRID Inditex, the world's biggest clothing retailer and owner of fashion brand Zara, reported improved profitability on Wednesday for the first three months of its financial year despite the dampening impact of a strong euro.

13 Jun 2018

Citigroup CFO sees flat second-quarter markets revenue vs year earlier

NEW YORK Citigroup Inc sees second-quarter markets revenue coming in "flattish" compared to a year earlier, Chief Financial Officer John Gerspach said on Wednesday.

13 Jun 2018