July 29, 2014 9:09 am
Deutsche Bank AG, Europes largest investment bank, posted Q2 results today, to show growing profit, as the bank faces a number of legal issues, which could potentially hurt performance. Income before taxes was reported to have risen 16% on an annual basis to €917 million, while net revenue was down 4% at €7.9 billion. On […]
Read moreJuly 29, 2014 7:24 am
Ford Motor Co, the second-largest US car manufacturer, will raise the prices on its new and improved best seller – the F-150 pickup truck, which will hit showrooms by years end. In exchange, the costlier 2015 model will have an aluminum body, ensuring greater fuel efficiency, and additional standard features. Ford dealers in the United […]
Read moreJuly 28, 2014 2:56 pm
Lloyds Banking Group has agreed to pay 226 million pounds in fines to U.S. and U.K. regulators for an attempted rigging of key benchmark interest rates and manipulating fees for a UK government lending program, becoming the seventh financial institution to agree to a settlement during the global Libor investigation. The lender, bailed out by […]
Read moreJuly 28, 2014 1:36 pm
Ryanair Holdings PLC, Europes largest discount airline, gained 4% today, as the company revealed it has more than doubled Q1 earnings. The Dublin-based company, which is now valued at about €9.8 billion, also raised its full-year profit projection. “Weve made a lot of service improvements over the last six or seven months and were seeing […]
Read moreJuly 28, 2014 1:17 pm
Danone SA, the worlds largest yogurt maker, rose as much as 2.6% on Monday, after the Financial Times reported yesterday that the company is in talks to sell its medical-nutrition unit to the Illinois-based Hospira Inc. The deal, which is valued at about 5 billion US dollars could raise funds for new acquisitions and strengthen […]
Read moreJuly 28, 2014 12:15 pm
Reckitt Benckisers shares jumped by more than 2% on Monday after the company announced it will spin off its pharmaceutical arm within the next 12 months as generic substitutes of its main revenue driver – the heroin substitute Suboxone – began to erode sales and margins. Reckitt Benckisers plans to divest its pharmaceutical business come […]
Read moreJuly 28, 2014 10:07 am
Nissan Motor Co., Japans second-biggest car manufacturer, posted Q2 earnings today, revealing a sizable increase for both revenue and profit, boosted by rising sales in the US and China. Nissan, whose assets are valued at about $144 billion, said its net profit for Q2 of 2014 was up 37% on an annual basis at $1.1 […]
Read moreJuly 28, 2014 8:40 am
Britains headline index opened slightly higher on Monday and continued to move up, led by gains in Reckitt Benckiser, but mixed performance from Asia and the US left the market with no certain direction. Investors eyed a slew of crucial US and European economic data this week to assess the strength of the worlds top […]
Read moreJuly 28, 2014 7:28 am
JPMorgan Chase & Co., the biggest U.S. lender, agreed to sell a loan portfolio of about $1 billion to Bain Capitals credit arm, Sankaty Advisors, the Financial Times reported, as the bank moves towards a simpler structure. The Boston-based investment firm won the auction for JPMorgan’s Global Special Opportunities Group portfolio, which includes loans in […]
Read moreJuly 27, 2014 9:54 am
Shares in the United Kingdom dropped on Friday, following three consecutive trading sessions of gains, as investors mulled over reported earnings and mergers and acquisitions. The FTSE 100 Index fell 0.44%, or 29.91 points to close at 6,791.55 in London on Friday. 24 companies recorded daily gains, while 77 registered a daily loss. However, the […]
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