November 9, 2014 6:33 am
The largest steel producer by shipments in the world – ArcelorMittal reported a second straight quarter of profit. The result is believed to be due to a considerably better performance of the companys steel business, which helped ArcelorMittal neutralize the negative influence of falling iron ore prices. Apart from reporting quarterly results, the company reaffirmed […]
Read moreNovember 8, 2014 7:06 am
Compagnie Financiere Richemont, the worlds biggest jewelry maker, reported a fall in first-half earnings due to stagnant Asian demand for luxury goods. The Geneva-based company, owner of the Cartier and Piaget brands, reported a better-than-expected 2% increase in revenue to €5.43 billion in the six months ended September 30th, surpassing analysts expectations of €5.39 billion. […]
Read moreNovember 7, 2014 11:11 am
Allianz SE, the worlds largest insurer, increased its dividend payouts as third-quarter results overtook analysts expectations despite outflows from its Pacific Investment Management Co. unit. The Munich-based company reported a 14.5% increase in revenue for the third quarter to €28.78 billion versus last years result of €25.15 billion. Operating profit rose 5.2% to €2.65 billion […]
Read moreNovember 7, 2014 9:55 am
Adidas AG reported on Thursday that its profit over the third quarter of the fiscal year surpassed analysts forecasts. The results come as a relief for the companys Chief Executive Officer Mr. Herbert Hainer, backing his efforts to turn the Germany-based sporting-goods maker around. Mr. Hainer said in a press call: “While certain factors have […]
Read moreNovember 7, 2014 9:38 am
Natural gas was set for a sizable weekly gain following a new high four-month high on Thursday amid expectations of cold weather over the Midwest and interior Northeast that will drive higher heating demand. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.30% to $4.391 per million British thermal units […]
Read moreNovember 7, 2014 9:00 am
Gold fell to a fresh 4-1/2 year low as the dollar rallied on optimistic economic expectations and the thought of Fed officials raising interests rate sooner as todays US jobs report could back up the strengthening economy. Comex gold for delivery in December traded at $1 144.0 per troy ounce at 8:38 GMT, up 0.12% […]
Read moreNovember 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 […]
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