Siemens Profit Hurt by Weak Economy, Oil
German engineering company Siemens said net profit declined
nearly 25% in the first quarter, hurt in part by a weakening
European economy and the slide in global oil prices.
Novartis Posts Fall in Q4 Profit
Novartis reported a 26.5% drop in fourth-quarter profit as
declining sales weighted on the Swiss drug company's
performance.
Philips Profit Plunges, Warns on Targets
Koninklijke Philips reported a 67% drop in fourth-quarter net
profit and the Dutch electronics maker warned that it is behind on
its financial targets.
Ericsson Hurt by North American Slowdown
Sweden's Ericsson reported a weaker-than-expected net profit for
the fourth quarter, hurt by a slowdown in spending by network
operators in North America.
Aer Lingus Set to Recommend IAG Takeover Offer
British Airways parent International Consolidated Airlines said
the board of Aer Lingus is ready to recommend a sweetened takeover
offer for the Irish carrier.
Yahoo Holders Await Plan for Alibaba Assets
Marissa Mayer on Tuesday is expected to unveil her plan for
Yahoo's valuable Asian assets, an announcement that could determine
whether the embattled chief executive buys herself more time with
shareholders or invites a bitter proxy battle that could threaten
her job.
Microsoft's Profits Fall on Higher Costs
Microsoft said its earnings fell more than 10% to $5.86 billion,
or 71 cents a share, during the quarter ended December on costs
related to its streamlining effort and its integration of the
mobile phone business acquired from Nokia last year. Shares fall
nearly 3% late.
Huawei to Focus on Higher-End Smartphones
Huawei Technologies is focusing on selling more higher-end
smartphones, a senior executive said Tuesday, as it braces for
tougher competition from low-cost Chinese vendors such as
Xiaomi.
Keystone Pipeline Bill Stalls in Senate
The Senate on Monday rejected a procedural motion to advance
legislation to approve the Keystone XL pipeline, prolonging the
chamber's debate over the project.