HSBC to Decide on HQ Move by End of Year 

HSBC's management will make a decision on whether to quit the U.K. by the end of the year, the bank's chief executive said.

 
UBS Profit Nearly Doubles 

UBS said first-quarter profit nearly doubled from the same period last year on gains at its core wealth management business and a strong bump from its pared-down investment bank.

 
Office Depot Swings to Profit 

Office Depot, awaiting regulatory approval for its deal to be bought by Staples, swung to a 1Q profit, though sales fell a worse-than-expected 11%. It also said it expects to close 135 stores this year and at least 100 stores in 2016.

 
Sprint Stumbles, But Holds Place in U.S. Wireless Race 

Sprint hung on to its third-place place rank in the U.S. wireless business, though its revenue fell 7.7% for the first three months of the year. It had 57.1 million total subscribers at the end of March, putting it just ahead of 56.8 million for T-Mobile US.

 
Intercontinental Exchange Posts Stronger-Than-Expected Results 

Intercontinental Exchange said its 1Q profit rose 21% to $315 million as revenue grew across its segments and the exchange operator continued reducing its operating expenses. The results beat analysts' expectations.

 
Goldman Raises Top End of 'Reasonably Possible' Legal Loss 

Goldman Sachs raised the top end of its range of "reasonably possible" legal expenses to about $3.8 billion, the Wall Street firm said in a regulatory filing.

 
Lafarge and Holcim to Sell U.S., Canadian Assets 

French cement giant Lafarge and Swiss rival Holcim have agreed to sell several plants, terminals and a quarry in the U.S. and Canada, clearing the way for their proposed merger.

 
Archer Daniels Midland's Revenue Falls 

Archer Daniels Midland's 1Q sales fell 15% to $17.51 billion as the strong dollar and weak markets led to softness in its corn-processing business. Revenue missed expectations, though earnings were stronger than expected.

 
Metro's Loss Widens 

German retailer Metro said its net loss in the second quarter widened because of an expected goodwill impairment and currency fluctuations, but confirmed its outlook for this fiscal year.

 
Lufthansa Grapples With Germanwings Crash Aftermath 

Lufthansa has signaled that the crash six weeks ago of a Germanwings jetliner and strikes by pilots could check its operational turnaround despite swinging back to profit in the first quarter.

 
Adidas Profit Surges 

Adidas said that first-quarter net profit surged following the improved performance of its Adidas and Reebok brands, with sales growth in almost all of its regions.

 
Rocket Portfolio Value Tops $5 Billion 

Rocket Internet said the value of companies in its portfolio grew significantly in recent months as revenue increased.

 
Boliden Profit Boosted by Dollar 

Swedish miner and base metal producer Boliden reported a higher profit for the first quarter as the effects of a stronger U.S dollar and better terms in its smelter business outweighed lower metal prices.