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 Latest Business and Finance News
Gucci's first-quarter comparable sales up 0.3 percent [Reuters]
PARIS (Reuters) - Gucci's sales growth remained sluggish in the first three months of the year, ...Detail
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GM posts lower profit after recall; core outlook on target  [Reuters] 24 Apr, 2014
DETROIT (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesig ...
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Wall Street resumes climb led by Apple, earnings help  [Reuters] 24 Apr, 2014
NEW YORK (Reuters) - U.S. stocks rose at the open on Thursday, led by gains in Apple after its earnings as well as buyback and stock split announcements, while other sector bellwethers including General Motors and Aetna also rose ...
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Strong durable goods orders buoy U.S. growth outlook  [Reuters] 24 Apr, 2014
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter. ...
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ISS recommends votes for 2 Loeb nominees to Sotheby's board  [Reuters] 24 Apr, 2014
BOSTON (Reuters) - A prominent investor shareholder advisory firm recommended that Sotheby's investors should vote for two of the three board candidates suggested by activist investor Daniel Loeb.
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Apple's China success sets stage for iPhone 6, new products  [Reuters] 24 Apr, 2014
(Reuters) - Strong sales of iPhones in China and emerging markets sets the stage for Apple Inc to reap even higher profits after it launches the next iPhone and other new products, analysts said.
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Stock futures point to higher open on tech results  [Reuters] 24 Apr, 2014
NEW YORK (Reuters) - U.S. stock index futures were higher on Thursday, with Nasdaq futures jumping more than 1 percent following a pair of blowout results from technology stalwarts Apple and Facebook.
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Verizon EPS fall short of Wall Street estimates  [Reuters] 24 Apr, 2014
NEW YORK (Reuters) - Verizon Communications Inc profit fell short of Wall Street expectations on Tuesday, even as the company's revenue rose 4.8 percent, its highest growth rate in five quarters.
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GM posts lower profit after recall; truck pricing strong  [Reuters] 24 Apr, 2014
DETROIT (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesig ...
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American Airlines posts first quarter profit  [Reuters] 24 Apr, 2014
(Reuters) - American Airlines Group , the world's largest carrier formed in a late 2013 merger, on Thursday reported a profit of $480 million, or 65 cents a diluted share, for the first quarter.
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Alstom shares jump on report of GE bid  [Reuters] 24 Apr, 2014
PARIS (Reuters) - Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.
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Caterpillar posts higher first-quarter profit, raises outlook  [Reuters] 24 Apr, 2014
(Reuters) - Caterpillar Inc on Thursday posted quarterly profit that topped estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.
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JetBlue posts lower quarterly profit as expenses rise  [Reuters] 24 Apr, 2014
(Reuters) - JetBlue Airways reported a lower quarterly profit on Thursday as increases in salaries boosted operating expenses.
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Verizon reports higher revenue after Vodafone deal  [Reuters] 24 Apr, 2014
NEW YORK (Reuters) - Verizon Communications Inc said on Thursday its quarterly revenue rose 4.8 percent after its acquisition of Vodafone's 45 percent share in their prior joint venture for $130 billion gave the company acces ...
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Nasdaq first-quarter earnings helped by recent deals  [Reuters] 24 Apr, 2014
(Reuters) - Transatlantic exchange operator Nasdaq OMX Group Inc on Thursday reported a higher first-quarter profit, helped by increased revenue from recent acquisitions.
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GM posts lower first-quarter profit after recall costs  [Reuters] 24 Apr, 2014
DETROIT (Reuters) - General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switchs linked to at least 13 deaths, but results still topped Wall Street expectations on strong pri ...
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Standard Life to vote against Barclays' pay plan  [Reuters] 24 Apr, 2014
LONDON (Reuters) - Standard Life said it would vote against Barclays' 2013 pay plan at the bank's annual meeting on Thursday, adding its voice to what is expected to be a significant rebellion from shareholders.
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Lilly posts sales below estimates, trims profit forecast  [Reuters] 24 Apr, 2014
(Reuters) - U.S. drugmaker Eli Lilly and Co reported lower-than-expected quarterly revenue on Thursday, hurt by disappointing sales of its cancer and diabetes drugs, and trimmed its 2014 profit forecast.
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Nasdaq reports higher first-quarter earnings  [Reuters] 24 Apr, 2014
(Reuters) - Transatlantic exchange operator Nasdaq OMX Group Inc on Thursday reported a higher first-quarter profit, helped by increased revenue from recent acquisitions.
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Dunkin's results miss as cold weather puts hole in U.S. sales  [Reuters] 24 Apr, 2014
(Reuters) - Dunkin' Brands Group Inc , parent of Dunkin' Donuts and Baskin-Robbins ice cream outlets, reported lower-than-expected quarterly results as extreme cold weather in parts of the United States hit comparable-st ...
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Time Warner Cable profit beats as demand for data services rises  [Reuters] 24 Apr, 2014
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable operator, reported first-quarter profit above analysts' estimates as it added more residential subscribers than expected for its high-speed data services.
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Exclusive: Three employees at Marubeni's grain unit in China detained  [Reuters] 24 Apr, 2014
TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp's grain trading unit in China have been detained, Chinese customs said on Thursday, a move prompted by allegations of tax evasion on soybean imports.
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Eli Lilly misses revenue forecast  [Reuters] 24 Apr, 2014
(Reuters) - U.S. drugmaker Eli Lilly and Co on Thursday reported lower than expected revenue, hurt by plunging sales of its Cymbalta depression drug, which is now facing generic competition.
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Pernod looks for more bolt-on deals after U.S. buy  [Reuters] 24 Apr, 2014
PARIS (Reuters) - Pernod Ricard said it was buying Kenwood Vineyards to beef up its premium wines portfolio in the United States, the French drinks company's biggest market, and was looking for more small-scale acquisitions. ...
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Liquid forex reserves stand at $11,753.8 million: SBP  [Business Recorder] 24 Apr, 2014
KARACHI: The total liquid foreign reserves held by the country stood at $11,753.8 million on April 18, 2014, said a press release issued by State Bank of Pakistan (SBP) here on Thursday.The break-up of the foreign reserves positio ...
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Nokia says India plant unlikely to be part of Microsoft deal  [Reuters] 24 Apr, 2014
NEW DELHI (Reuters) - Nokia said that due to an ongoing tax dispute its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft ...
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Dunkin' Brands profit falls 3.5 percent  [Reuters] 24 Apr, 2014
(Reuters) - Dunkin' Brands Group Inc , the parent of the Dunkin' Donuts and Baskin-Robbins chains, reported a 3.5 percent decline in quarterly profit due to higher income tax expenses and extreme cold weather that hit co ...
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Dunkin' Brands profit falls 3.5 percent  [Reuters] 24 Apr, 2014
(Reuters) - Dunkin' Brands Group Inc , the parent of the Dunkin' Donuts and Baskin-Robbins chains, reported a 3.5 percent decline in quarterly profit due to higher income tax expenses and extreme cold weather that hit co ...
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Power shortfall forces IESCO to 6-8 hours load-shedding  [Business Recorder] 24 Apr, 2014
ISLAMABAD: The power shortfall in the country has also compelled the Islamabad Electric Supply Company (IESCO) to resort to 6-8 hours scheduled power load-management across its region including twin cities of Rawalpindi and Islama ...
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Prime Minister to visit UK on April 28  [Business Recorder] 24 Apr, 2014
ISLAMABAD: Prime Minister Muhammad Nawaz Sharif would visit the United Kingdom from April 30 to May 2, at the invitation of British Prime Minister, David Cameron to discuss bilateral ties.Foreign Office Spokesperson Tasnim Aslam w ...
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Time Warner Cable profit rises 19.5 percent  [Reuters] 24 Apr, 2014
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable operator, posted a 19.5 percent rise in quarterly profit as its residential subscriber trends improved through the quarter.
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