First Quarter Profit

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Reliance to launch telecom venture with over 1,000 stores| Reuters

Jul 25, 2015 at 21:45 | Source: FirstPost

MUMBAI Reliance Industries Ltd will launch its ambitious 4G telecoms venture in December through a direct physical presence in over 1,000 "Jio Centers" and will also sell self-branded devices under its retail unit, the company disclosed in ...

Lloyds upbeat on UK growth as profits lifted by drop in bad debts| Reuters

May 02, 2015 at 02:45 | Source: FirstPost

LONDON (Reuters) - Lloyds Banking Group is confident next week's British national election will not derail healthy UK economic growth, it said on Friday after posting first-quarter profit up by a fifth thanks to sharply lower losses on bad loans and...

U.S. data suggest economy picking up steam after weak Q1 | Reuters

Apr 30, 2015 at 23:15 | Source: FirstPost

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter.The econ...

Wall Street edges lower; investors look for profit growth| Reuters

Apr 16, 2015 at 23:30 | Source: FirstPost

REUTERS - U.S. stocks edged lower on Thursday as corporate results showed little organic growth even as they largely beat profit expectations.While Netflix surged following blockbuster results, curbing the decline on the S&P 500 and Nasdaq, share...

Wall Street gains on earnings, oil surges| Reuters

Apr 16, 2015 at 03:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14-year high after the European Central Bank affirmed its loose policy stance. Oil rose sharply after U.S. government data sh...

Wall Street ends higher as jitters about earnings and oil recede| Reuters

Apr 16, 2015 at 02:45 | Source: FirstPost

(Reuters) - U.S. stocks closed higher on Wednesday, fuelled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought.All 10 major S&P 500 sectors gained, with the ener...

Global Markets - Wall Street up on earnings, oil surges| Reuters

Apr 16, 2015 at 01:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14-year high after the European Central Bank affirmed its loose policy stance. Oil rose sharply after U.S. government data sh...

Wall Street rises as earnings jitters recede and oil rebounds| Reuters

Apr 15, 2015 at 23:15 | Source: FirstPost

REUTERS - U.S. stocks rose on Wednesday, fueled by gains in the energy sector and speculation that upcoming firt-quarter earnings reports might not be quite as bad as previously thought.All 10 major S&P 500 sectors rose, with the energy index up ...

Ex-Microsoft senior manager sentenced to 2 years in jail for insider trading

Aug 09, 2014 at 14:24 | Source: FirstPost

Seattle: A former senior Microsoft manager who pleaded guilty to feeding inside information to a stock trader was sentenced Friday to two years in prison for insider trading.The U.S. attorney's office says the two men made $415,000 from three trades....

HSBC bank's half-year profits fall by 12%

Aug 04, 2014 at 17:02 | Source: BBC

HSBC's pre-tax profits fell by 12% in the first half of 2014 compared with the same period a year before. Profits were $12.34bn (£7.33bn), from $14.071bn twelve months earlier. During the half-year, the bank also put aside some $234m for its cu...

U.S. stocks shrug off Ukraine fears

May 06, 2014 at 00:27 | Source: Market Watch

NEW YORK (MarketWatch) — U.S. stocks spent most of Monday’s session near the flatline, as investors weighed downbeat data from China, the deteriorating situation in Ukraine and a better-than-expected report on the health of the services sector. ...

Berkshire Hathaway, J.P. Morgan are stocks to watch

May 04, 2014 at 23:06 | Source: Market Watch

SAN FRANCISCO (MarketWatch)—Among the companies whose shares are expected to see active trade in Monday’s session are Berkshire Hathaway Inc., J.P. Morgan Chase & Co., and Pfizer Inc. After Friday’s closing bell, Warren Buffett’s Berkshire H...

Chevron earnings hit by lower production

May 03, 2014 at 01:57 | Source: Market Watch

Chevron Corp. said its first-quarter profit fell 27% as revenue slipped amid lower oil prices and production. The results fell short of expectations. “Our first quarter earnings were down from a year ago, primarily due to lower prices and volumes ...

Wall Street ends up on earnings, rebound in high-growth shares

Apr 30, 2014 at 02:51 | Source: Economic Times

NEW YORK: US stocks rose on Tuesday, boosted by upbeat results from companies including Merck & Co and a rebound in Facebook and other high-growth shares. Merck & Co 's shares climbed 3.6 per cent to $58.72, giving the S&P 500 its biggest lift, afte...

LG Electronics posts big jump in Q1 profit

Apr 29, 2014 at 18:37 | Source: BBC

South Korea's LG Electronics reported a jump in first quarter profit of more than 300%, helped by a rise in sales in its division that makes televisions. Net profit jumped to 93bn Korean won ($87m; £52m) in Q1, compared to 22bn won in the year ...

China's ICBC's first quarter profit beats forecast

Apr 29, 2014 at 18:37 | Source: BBC

China's ICBC says first quarter profits are up 6.7% from one year ago based on Chinese accounting standards. For the three months to March ICBC, China's biggest bank by market value, reported a net profit of 73.3bn yuan ($11.7bn; £7bn). An...

European stocks gain as Deutsche Bank, Nokia rise

Apr 29, 2014 at 15:57 | Source: Market Watch

LONDON (MarketWatch) — European equities advanced Tuesday, on track for a second consecutive session of gains, as investors assessed a fresh round of corporate financial results. The Stoxx Europe 600 (STX:XX:SXXP) rose 0.6% to 335.98, adding to Mo...

Asia shares mixed as Australia falls from six-year high

Apr 29, 2014 at 15:57 | Source: Market Watch

HONG KONG--Australian stocks hit a six-year high early Tuesday before slipping into negative territory in a day of mixed trade in Asia. In Sydney, the S&P ASX 200 (ASX:AU:XJO)   ended down 0.9% at 5486.60. It had risen to a multiyear high of 5554.5...

AstraZeneca shares soar after Pfizer confirms bid talks

Apr 29, 2014 at 11:57 | Source: BBC

Shares in pharmaceutical company AstraZeneca rose by more than 14% on Monday, after US giant Pfizer confirmed its interest in a takeover bid. The firm said it had contacted AstraZeneca over a multi-billion pound bid for the UK-based drug maker. If su...

AstraZeneca profits hit by patent expiries

Apr 28, 2014 at 14:42 | Source: BBC

AstraZeneca has posted a drop in first quarter profits after its earnings were by hit by patents expiring on some of its older medicines. Pre-tax profits in the quarter fell to $638m (£380m), down from $1.3bn in the same period last year. The firm d...

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