TIME WARNER CABLE PROFIT DROPS AS SUBSCRIPTIONS WANE
Time Warner Cable, still awaiting regulatory approval for its
deal to be bought by larger peer Comcast, said its 3Q profit fell
6% to $499 million, missing Wall Street expectations as the company
lost subscribers.
BARCLAYS TAKES $800M PROVISION RELATED TO FOREX PROBES
Barclays reported a fresh legal provision related to
investigations into the alleged manipulation of the
foreign-exchange market, weighing down what was otherwise a
brighter quarterly performance.
CONOCOPHILLIPS'S EARNINGS RISE ON HIGHER PRODUCTION
ConocoPhillips said its 3Q earnings grew 9% to $2.7 billion on
increased oil and gas production, despite a drop in selling prices.
For the full year, ConocoPhillips reaffirmed its outlook for 3% to
5% volume growth.
MASTERCARD PROFIT RISES 15%
MasterCard reported a profit of $1.02 billion, or 87 cents a
share, as the credit-card company posted higher revenue and payment
volumes. The results topped analysts' expectations. Revenue rose
13% to $2.5 billion.
WAL-MART WEIGHS MATCHING ONLINE PRICES
Wal-Mart Stores is testing a program to match online prices from
rivals like Amazon.com this holiday season, a move that could make
the discounter more competitive but also cut into profits.
ALTRIA BOOSTED BY HIGHER CIGARETTE PRICES AS VOLUMES FALL
Altria said its profit rose slightly to $1.397 billion as higher
prices offset yet another decline in cigarette volumes. Total
revenue, excluding excise taxes, fell slightly to $4.75 billion.
The tobacco company's results topped analysts' expectations.
ROYAL DUTCH SHELL POSTS RISE IN PROFIT
Royal Dutch Shell reports a rise in third-quarter earnings, with
increases in both upstream and downstream, despite falling oil
prices.
ENI SEES CHALLENGING MARKET AS PROFIT DROPS
Eni SpA said that 3Q net profit plunged as the Italian oil and
gas company didn't repeat last year's large one-time gain and
suffered the effects of lower oil prices and a sluggish world
economy.
BOMBARDIER PROFIT FALLS, BUT BEAT ESTIMATES
The Montreal-based maker of planes and trains said its overall
third-quarter profit fell, hurt by one-time items, but results were
better than analysts had expected and revenue improved.
LUFTHANSA LOWERS 2015 EARNINGS OUTLOOK
Lufthansa says that it wouldn't meet its already reduced
earnings targets for next year because of a weaker global economic
outlook, but confirmed its 2014 targets.
AUSTRIAN LENDER TO SELL NETWORK TO ADVENT INTERNATIONAL
Hypo Alpe-Adria-Bank International decided to sell its
southeastern European network to the private-equity firm Advent
International. The network comprises six banking units in five
countries and assets of around $10.69 billion.
VALE SWINGS TO SURPRISE LOSS
Brazilian mining giant Vale SA surprised investors by coughing
up a net loss of $1.44 billion in the third quarter due a sharp
depreciation in the local currency and the lowest iron-ore prices
since 2010.
AVIVA: U.K. BANKS SELL INSURANCE AGAIN
British banks have tentatively started selling insurance again
in their branches for the first time since the start of a GBP21
billion ($33.63 billion) consumer mis-selling scandal.
VOLKSWAGEN PROFIT RISES
Volkswagen reported a sharply higher profit and steady sales
growth in the three months to the end of September, beating
analysts' forecasts and reaffirming it is on track reach its target
of 10 million vehicles sales this year.
CIGNA RAISES OUTLOOK AS RESULTS EXCEED EXPECTATIONS
Cigna's 2Q profit fell to $534 million, even as total operating
revenue, which includes net investment income and mail-order
pharmacy revenue, improved 8.7% to $8.73 billion. The firm again
raised its guidance.
FUJIFILM PROMISES EBOLA DRUGS, EARNINGS IMPACT UNCLEAR
Fujifilm will prioritize providing its drug Avigan for those
suffering from Ebola, a company executive said. The company also
reported a net profit of about $373 million for the April-September
fiscal first half.
ALCATEL-LUCENT NARROWS LOSSES
Network-equipment company Alcatel-Lucent SA narrowed its loss in
the third quarter to EUR18 million and reduced the amount of cash
it burns after wrestling down costs.
TOSHIBA, FUJITSU, NEC SQUEEZE OUT PROFIT
Three of Japan's biggest electronics companies reported modest
earnings gains for the first half of the financial year ending
March, helped by the yen's weakness and restructuring, but held
back by a soft domestic economy.
SAMSUNG ELECTRONICS 3RD QUARTER PROFIT FALLS SHARPLY
Samsung Electronics on Thursday posted a sharply lower
third-quarter net profit as its mobile business continued to lose
ground to low-cost Chinese smartphone makers.