Corporate Reporting
US stocks drop on Cyprus, weak earnings
Mar 21, 2013 16:54 EDT
US stocks fell Thursday, hit by uncertainty over the Cyprus banking crisis and some surprisingly weak corporate earnings.
PetroChina 2012 net profit falls 13%
Mar 21, 2013 06:52 EDT
PetroChina on Thursday reported that 2012 net profit fell 13.3 percent, despite increased production, as the oil giant was hit by a slowdown in the growth rate of the Chinese economy.
China Unicom 2012 net profit jumps 68%
Mar 21, 2013 06:38 EDT
China Unicom on Thursday reported that net profit for 2012 soared 68 percent, driven by a strong increase in revenues from the company's third generation mobile services.
Stocks rise as Fed keeps aggressive easing in place
Mar 20, 2013 16:40 EDT
US stocks recorded solid gains Wednesday as the Federal Reserve held steady on its policy of economic stimulus.
FedEx profits fall on weak international results
Mar 20, 2013 12:58 EDT
Global package delivery giant FedEx Wednesday reported lower quarterly earnings and slashed its profit guidance for fiscal 2013, citing weakness in the international freight market.
India to sell part stake in steel giant SAIL
Mar 20, 2013 12:32 EDT
India's government is to sell a stake in state-run steel giant SAIL, the steel ministry said on Wednesday, as part of an ambitious disinvestment plan to reduce the country's deficit.
Taiwan's Acer reports Q4 net loss following write-down
Mar 20, 2013 10:03 EDT
Taiwan's leading personal computer maker Acer has announced a larger than expected fourth-quarter net loss after a write-down of the value of its brands, including Gateway and Packard Bell.
Germany's Metro profits hit by one-off charges
Mar 20, 2013 07:31 EDT
German retail giant Metro said Wednesday profits were hit by one-off restructuring charges and portfolio changes last year, but it is pencilling in "moderate" sales growth this year.
Deutsche Bank restates 2012 profit, hit by legal costs
Mar 20, 2013 07:13 EDT
Deutsche Bank, Germany's biggest bank, said Wednesday that writedowns and legal costs hit its 2012 earnings harder than expected and it has now been forced to restate last year's profits.
China's Geely 2012 profit rises 32% as exports surge
Mar 20, 2013 06:57 EDT
Chinese automaker Geely said Wednesday its 2012 net profit jumped 32 percent, helped by recovering domestic sales and strong growth in exports.
Deutsche Bank restates 2012 earnings on legal costs
Mar 20, 2013 05:18 EDT
Deutsche Bank, Germany's biggest bank, said Wednesday that writedowns and litigations costs hit its 2012 earnings harder than expected and it has now been forced to restate last year's profits.
China Telecom 2012 net profit slumps 9.5 percent
Mar 20, 2013 02:07 EDT
China Telecom said Wednesday its net profit dropped 9.5 percent for 2012, compared to a year earlier, due to intensifying market competition and increasing costs.
US stocks hold up despite Cyprus crisis
Mar 19, 2013 16:55 EDT
US stocks closed mixed Tuesday, holding on as the Cyprus financial crisis threatened to ignite more turmoil across the European financial system.
Cairn Energy posts slumping 2012 net profits
Mar 19, 2013 12:11 EDT
British oil and gas explorer Cairn Energy said on Tuesday that net profits slumped last year as income from oil output fell sharply after the group slashed its stake in Cairn India.
BMW 'cautiously optimistic' after record year
Mar 19, 2013 05:52 EDT
German top-of-the-range carmaker BMW said Tuesday it is "cautiously optimistic" for business in 2013 after achieving the best year in the company's history last year.
Bundesbank still thinks Germany will grow in 2013
Mar 18, 2013 09:02 EDT
Germany, Europe's biggest economy, has gotten off to a somewhat shaky start to 2013, but that will not jeopardise its expected recovery later this year, the Bundesbank said on Monday.
SAC hedge funds fined $614 mn for insider trades
Mar 15, 2013 19:17 EDT
The SEC announced insider trading fines of more than $614 million Friday for affiliates of billionaire Steven A. Cohen's SAC Capital Advisers, dealing another blow to the embattled hedge fund titan.
SEC fines SAC unit $600 mn over insider trades
Mar 15, 2013 14:53 EDT
The SEC announced Friday it was fining a unit of the hedge fund SAC Capital Advisors more than $600 million over insider trades that netted hundreds of millions of dollars in illicit profits.
UniCredit posts 2012 profit of 865 mn euros
Mar 15, 2013 11:37 EDT
The biggest Italian bank, UniCredit, posted on Friday a 2012 net profit of 865 million euros ($1.13 billion), as it bounced back from a loss of 9.2 billion euros one year earlier.
Allianz eyes stable or slightly higher 2013 net profit
Mar 15, 2013 06:15 EDT
German insurance giant Allianz expects its net profit to be stable or slightly higher this year as well as in 2014, according to its annual report published Friday.
