July 31, 2013 12:48 pm
Volkswagen released first-half data report unexpectedly after the market closed on Tuesday evening, a day ahead of the scheduled announcement. The German car-maker’s first-half operating profit declined 12% to 5.78 billion euros which it attributed to costs related to a car recall in China and charges booked by MAN, its truck and engineering business. The […]
Read moreJuly 31, 2013 11:49 am
U.S. stock index futures fluctuated around zero percentage change, with the Standard & Poor’s 500 Index might be heading for the biggest monthly gain since January, as investors awaited a policy announcement following the Federal Reserve’s two-day meeting. S&P 500 futures added 0.03% to 1,685.2 at 12:33 p.m. in London. The benchmark index added 0.04 […]
Read moreJuly 31, 2013 8:47 am
PSA Peugeot Citroen, Europe’s second-largest automaker, reported better than estimated earnings as it recorded smaller loss than it was expected by analysts. A tighter cost management offset a decline in deliveries which outpaced even the region’s negative numbers. Peugeot is cutting costs after its car-making unit lost 3 billion euros in cash in 2012 as […]
Read moreJuly 31, 2013 8:01 am
BNP Paribas SA, the largest French bank, said second-quarter profit fell 4.7% as Europe’s economic conditions reduced lending in France and Italy and led to an increase in loan-loss provisions. Net income fell to 1.76 billion euros ($2.3 billion) from 1.85 billion euros a year earlier, the bank said in a statement today. Earnings compared […]
Read moreJuly 31, 2013 6:40 am
The US stock indexes remained mixed as S&P 500 headed for its biggest monthly gain since January, as investors analyzed corporate earnings and awaited results from the Federal Reserve’s two-day meeting. The S&P 500 gained around 0.04% to 1,685.96 at 4 p.m. in New York, after hesitating between gains and losses during the trading session. […]
Read moreJuly 30, 2013 2:05 pm
Pfizer Inc reported second-quarter earnings slightly ahead of estimates today as the largest U.S. drug-maker lines up a business split that could lead to the spin off of its generics division. The company, experiencing falling sales of its now left without patent cholesterol fighter Lipitor, reaffirmed its financial outlook for the year. For the second […]
Read moreJuly 30, 2013 1:01 pm
BP Plc said today that the $20 billion fund, set up to cover the cost of the Gulf of Mexico oil spill, will soon run out, as compensation claims have accelerated despite efforts from the company to limit what it claims are excessive payouts. The warning, which came as BPs second-quarter earnings fell short of […]
Read moreJuly 30, 2013 11:31 am
U.S. stock-index futures were little changed as investors focused on earnings reports by companies, consumer confidence data and awaited the Federal Reserve’s two-day policy meeting. Futures on the S&P 500 expiring in September gained less than 0.1% to 1,683.7 at 10:46 a.m. in London. The benchmark index lost 0.4% yesterday as fewer Americans signed contracts […]
Read moreJuly 30, 2013 8:26 am
Sprint reported today a second-quarter net loss of $1.6 billion, or 53 cents per share, compared with a loss of $1.4 billion, or 46 cents per share, in the year-ago quarter. Revenue rose to $8.87 billion from $8.84 billion over the same period. On average Wall Street analysts had expected revenue closer to $8.7 billion, […]
Read moreJuly 30, 2013 7:09 am
Apple, the world’s largest technology company by market value, sees opportunity to gain advantage as automakers struggle to meet customer demands with safety concerns. BlackBerry’s QNX Software Systems and Microsoft are the main suppliers of automotive operating system software according to researcher IHS iSuppli, while Pandora is the top in-car music-streaming service. Knowing many consumers […]
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