November 7, 2014 7:14 am
DIRECTV, the biggest US satellite TV provider, reported quarterly profit above analysts expectations boosted by higher U.S. subscription payments. DIRECTV announced a revenue increase of 6.3% to $8.37 billion in the recent quarter, compared to last years result of $7.88 billion, barely beating the Bloomberg-compiled analysts projection of $8.3 billion. The company stated quarterly operating […]
Read moreNovember 6, 2014 3:26 pm
AOL reported better-than-expected quarterly revenue due to strong performance of its advertising real-time platform. The digital media stated a 12% increase in revenue to $626.8 million, compared to last years result of $561.3 million. This is the 7th consecutive quarter of growth for AOL. Its global advertising revenue grew 18% to $473.4 million versus $399.7 […]
Read moreNovember 6, 2014 1:21 pm
WM Morrison Supermarkets PLC narrowed its end-year outlook and said the company made progress in the quarter, despite another drop in sales. Britains fourth-biggest supermarket chain by market share said that like-for-like sales at stores open at least a year dropped 6.3%, including a 0.7% contribution from its online business, in the three months ended […]
Read moreNovember 6, 2014 10:56 am
Commerzbank AG reported tripled net profit for the third quarter, beating analysts expectations, due to strong performance by its private customers and corporate units. Commerzbank, Germanys second-largest lender, stated a net profit of €225 million for the three months ended September 30, tripling last years profit of €75 million. Analysts polled by Bloomberg projected €185.5 […]
Read moreNovember 6, 2014 10:14 am
Natural gas held around $4.2, not far off from a four-month high, amid strong heating demand expectations in the Midwest and Northeast due to arctic air flows from Canada. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.10% to $4.190 per million British thermal units by 9:58 GMT. Prices ranged […]
Read moreNovember 6, 2014 9:00 am
Gold continued its downtrend for a seventh consecutive day, almost reaching its lowest since April 2010, as investors dumped the save-haven metal, the dollar held strong and assets in the SPDR Gold Trust fell. Comex gold for delivery in December traded at $1 144.4 per troy ounce at 8:42 GMT, down 0.11% on the day, […]
Read moreNovember 5, 2014 4:14 pm
Actavis PLC reported better-than-expected third-quarter results due to strong performance of its branded drug business and recent acquisitions. Actavis has been involved in a few deals over the past several quarters as pharmaceutical companies seek increased size and large-scale benefits, such as better tax structure. Last year Actavis purchased Warner Chilcott, a specialty-pharmaceutical company based […]
Read moreNovember 5, 2014 2:34 pm
Marks and Spencer Group PLC reported a revenue increase for the first half of the year as strong performance in its food business offset a revenue decline in clothing. M&S reported a 0.5% year-to-year rise in group revenue from £4.8 billion to £4.9 billion for the first half of this year, including a 1% increase […]
Read moreNovember 5, 2014 12:07 pm
Activision Blizzard Inc, the largest U.S. video-game maker, raised its full year profit forecast after it surpassed third-quarter estimates due to strong sales of Destiny and growth in its console business. The Santa Monica, California-based company reported a record non-GAAP net revenue of $1.71 billion or $0.23 earnings per share in the recent quarter, compared […]
Read moreNovember 5, 2014 10:21 am
Natural gas rose for a seventh day and pushed above $4.2 as strong heating demand is expected in the Midwest and Northeast due to arctic air flows from Canada. On the New York Mercantile Exchange, natural gas for delivery in December gained 2.03% to $4.213 per million British thermal units by 10:02 GMT. Prices ranged […]
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