July 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 […]
Read moreJuly 30, 2013 6:41 am
U.S. stocks fell, reducing a monthly gain for the Standard & Poor’s 500 Index, as fewer Americans signed contracts in June to buy previously owned homes. The S&P 500 fell 0.4% to 1,685.33 at 4 p.m. in New York. The benchmark index slumped less than 0.1% last week, halting its longest streak of weekly gains […]
Read moreJuly 29, 2013 2:30 pm
As being heavily reliant on the hardest-hit car markets of France, Spain and Italy, PSA Peugeot Citroen’s European sales have fallen by more than 13% in 2013, the largest of any car-maker number and double the rate of decline across the continent. Its factories are running at about 60% of total capacity, and in February […]
Read moreJuly 29, 2013 12:53 pm
U.S. wireless carriers are offering customers to upgrade phones more often. That’s welcome news for consumers and could also provide a much-needed lift for Apple Inc. and Samsung Electronics Co. Verizon Wireless, AT&T Inc. and T-Mobile US Inc., which earlier this month gave users an option to replace devices as often as every six months, […]
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