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 Latest Business and Finance News
Apple's China success sets stage for iPhone 6, new products [Reuters]
(Reuters) - Strong sales of iPhones in China and emerging markets sets the stage for Apple Inc to re ...Detail
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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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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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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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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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Ericsson to split Network unit in two  [Reuters] 24 Apr, 2014
STOCKHOLM (Reuters) - Ericsson, the world's top mobile telecom equipment maker, said on Thursday it would split its key Network unit in two as communications technology relies more on software and the Internet.
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Tokyo Court orders bankruptcy trustee to begin Mt. Gox liquidation  [Reuters] 24 Apr, 2014
TOKYO (Reuters) - Tokyo District Court ordered liquidation to begin at failed bitcoin exchange Mt. Gox, the company said on Thursday, after the bankruptcy administrator said on April 16 that it would be difficult to rehabilitate t ...
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China confirms three Marubeni employees detained  [Reuters] 24 Apr, 2014
BEIJING (Reuters) - The customs authority in the Chinese port city of Qingdao has detained three Chinese employees of a subsidiary of the Japanese trading giant Marubeni Corp on suspicion of smuggling, a spokeswoman said on Thursd ...
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Juicy Apple buoys shares, euro volatility sinks  [Reuters] 24 Apr, 2014
LONDON (Reuters) - Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks.
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Ministry asks charitable organisations to submit Hajj applications by May 20  [Business Recorder] 24 Apr, 2014
ISLAMABAD: Ministry of Religious Affairs and Interfaith Harmony Thursday asked charitable organistaions/ public sector entities to submit their sponsored Hajj applications by May 20.According to a notification issued here charitab ...
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Pakistan terms Indian criticism on its institutions baseless  [Business Recorder] 24 Apr, 2014
ISLAMABAD: Pakistan on Thursday said that the Indian criticism on its institutions was baseless and those involved in the propaganda should first look into their internal matters.Foreign Office spokespersons Tasnim Aslam in her we ...
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MOU signed between SBI, Canada-Pakistan chamber of commerce  [Business Recorder] 24 Apr, 2014
KARACHI: Sindh Board of Investment (SBI) and Canada-Pakistan Chamber of Commerce (CPCoC) signed Memorandum of Understanding (MoU) to cooperate on various sectors including investments between the two countries.The signing ceremony ...
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Japan business lobby plans corporate governance rules: source  [Reuters] 24 Apr, 2014
TOKYO (Reuters) - Japan's most powerful business lobby, Keidanren, plans to introduce corporate governance rules that will require better disclosure, a person familiar with the matter said, but they will stop short of bolder ...
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Canon nudges up profit forecast on higher office equipment sales  [Reuters] 24 Apr, 2014
TOKYO (Reuters) - Canon Inc raised its full-year operating profit target by a slight 1.4 percent after strong sales of office copiers and printers in the first quarter.
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Hyundai Motor first-quarter profit misses estimates, hurt by slow U.S. sales  [Reuters] 24 Apr, 2014
SEOUL (Reuters) - South Korea's Hyundai Motor missed analyst estimates by posting first-quarter net profit that was almost identical to a year earlier, as lackluster U.S. performance offset increased sales in China and Korea. ...
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Apple shares hit 2014 highs, Asian stocks lag  [Reuters] 24 Apr, 2014
SYDNEY (Reuters) - Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer.
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Labour to cut ties with Co-op Bank  [BBC News] 24 Apr, 2014
The Labour Party is looking to sever its links with the troubled Co-op Bank, bringing to an end one of the oldest political partnerships in UK.
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Polling underway in PS-35 Larkana-I, PK-86 Swat  [Business Recorder] 24 Apr, 2014
ISLAMABAD: Polling is in progress for the by- elections of Sindh Assembly constituency PS-35 (Larkana-I) and Khyber Pakhtunkhwa Assembly PK-86 Swat on Thursday.Preparations for today's by-elections in the city's co ...
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PR to run shuttle trains between major cities of Punjab  [Business Recorder] 24 Apr, 2014
ISLAMABAD: Pakistan Railways has planned to start an intercity shuttle train service in major cities of Punjab with cooperation of the provincial government.On the directive of Minister for Railways Khawaja Saad Rafique, the train ...
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Parliament to use solar energy  [Business Recorder] 24 Apr, 2014
ISLAMABAD: The whole electricity system of the Parliament would be shifted to solar system within one year."Parliament of Pakistan would be the first in the world which will be shifted to solar system" said an official o ...
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