International Results

Samsung may cut capex as Apple shops elsewhere for chips

Samsung Electronics Co, due to report record earnings on Friday, may cut capital spending by as much as a fifth this year - a first reduction since the global financial crisis - as demand for computer chips weakens and rival Apple Inc looks set to buy fewer of its microprocessors used in the iPhone and iPad.

Microsoft profit dips on lower Xbox holiday sales

Microsoft Corp reported a dip in fiscal second-quarter profit on Thursday, as weaker sales of its Xbox game system in the holiday quarter offset a solid start for its new Windows 8 operating system.

Apple shares slide 12% after weak results

Apple Inc's shares slumped 12 percent on Thursday, slicing more than $50 billion from its market value, as weaker-than-expected holiday iPhone sales reinforced fears that it is losing its dominance in smartphones.

McDonald's profits edge higher

McDonald's reported a 1 per cent rise in fourth-quarter earnings as sales at US stores rose, beating expectations.

LG Display posts robust Q4 profit amid Apple worries

LG Display Co Ltd reported a second consecutive quarterly profit, beating forecasts by far on a rebound in television sales during the year-end holiday season and solid sales of screens used in Apple Inc's iPad and iPhone.

Apple revenue misses expectations, iPhone disappoints

Apple Inc missed Wall Street's revenue forecast for the third straight quarter as iPhone sales came in below expectations, fueling investors' worries that its dominance of the mobile industry was slipping.

SanDisk's quarterly revenue tops expectations

Chipmaker SanDisk Corp's fourth-quarter revenue topped analysts' expectations, helped by strong growth in solid-state drives as investors look for signs of stability in NAND chip prices.

IBM fourth quarter earnings and revenue beat Street

IBM, the world's largest technology services company, reported fourth-quarter earnings and revenue that beat estimates on the back of growth in emerging markets.

Google Q4 revenue rises

Google Inc's revenue in its core Internet business increased 22 percent to USD 12.91 billion in the fourth quarter.

Apple earnings need to overcome technical malaise

To those who study technical stock charts, Apple Inc looks broken.

Morgan Stanley posts profit on surging equity trading

Morgan Stanley reported a fourth-quarter profit on a surge in equity sales and trading and strong margins at its wealth management business, sending its shares up 7 percent before the bell.

BofA Q4 profit falls after mortgage-related charges

Bank of America Corp's fourth-quarter profit dropped after it took some USD 5 billion of mortgage-related charges, but the second-largest US bank showed signs that it was moving past its problems as it shrank the group that deals with its troubled home loans.

Accenture's second-quarter forecast disappoints investors

Accenture Plc's second-quarter forecast disappointed investors as the outsourcing and consulting company's clients deferred discretionary spending in Europe, sending its shares down 5 percent in after-market trade.

Viacom posts a higher profit despite weak advertising

Viacom Inc reported a rise in quarterly profit, defying weak box-office sales and a challenging advertising environment.

China's Lenovo Q2 rises 12.6%, beats forecasts

Lenovo Group Ltd, on track to become the world's top PC maker, posted a 12.6%- rise in quarterly net profit, its weakest pace in about three years, as consumers increasingly switched to mobile gadgets from PCs for their computing needs.

Cognizant quarterly profit rises 22%

Cognizant Technology Solutions Corp reported a 22 percent rise in quarterly profit as revenue rose 18 percent.

Ericsson eyes steady growth despite global downturn

Telecom-gear maker Ericsson expects slower expansion in the more profitable services segment of its business and the same level of growth in its core mobile network equipment market, it said on Tuesday.

HSBC profit hit by $800m charge for US fine

HSBC has taken a $1.15 billion hit to cover a potential U.S. fine for lax anti-money laundering controls and to pay compensation for mis-selling products in Britain, eating into its quarterly profit.

Toyota returns; wants time to show change

For most companies, trebling quarterly profit to almost USD 3 billion and outselling all global rivals would be welcome news. But for Toyota Motor Corp, Japan's biggest car-maker, it's still too early to say it has emerged from years of crisis.

ArcelorMittal reports $709m loss in Q3

World's largest steel maker ArecelorMittal today reported net loss of USD 709 million for the third quarter, impacted by slowdown in China. It had posted USD 659 million profit during the third quarter last year. The company had recorded profit of USD 959 million in the second quarter of 2012.

Panasonic cleans house with writedowns, sees $9.6 bln loss

Panasonic Corp said it will lose almost USD10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring.

Samsung posts $7.4b profit, handsets mask weak chip sales

Samsung Electronics Co, the world's top technology firm by revenue, reported record quarterly profit of USD 7.4 billion on Friday, with strong sales of its Galaxy range of phones masking sharply lower memory chip sales.

Amazon reports weak results, shares fall over 5 percent

Amazon.com Inc reported weak quarterly results on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe.

Ford deepens European cuts, sees $3 bln in losses

Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.