Commerzbank damped talk of an early end to its losses following its takeover of Dresdner Bank, reiterating that it would be profitable by 2011 at the latest but raising its estimates of the synergies it would generate from Germany’s biggest banking
NEW YORK - Offshore drilling contractor Atwood Oceanics Inc. reported its fiscal fourth-quarter earnings fell 35 percent drop as its revenue tumbled and companies in its industry faced weak energy markets. Lower prices also hurt demand for drilling
Mizuho Financial Group sold off some of its stock portfolio to return to profit in the second quarter, keeping its earnings forecast for the year.Japan’s third-largest bank by market capitalisation posted a net income of Y92.2bn ($1bn) in the three
MADRID - Spanish telecommunications operator Telefonica reported a 0.6 percent third-quarter fall in net profits on Thursday as strength in Latin America offset ongoing weakness in recession-hit Europe. Net profit at Europe?s second-largest phone c
BRUSSELS - Anheuser-Busch InBev, the world's biggest brewer following a merger last year, reported 1.5 billion dollars in third quarter net profit Thursday, but sales and volumes fell. The company's net profits were more than double the 690 millio
THE HAGUE - Dutch banking and insurance group ING reported a sharp switch into quarterly profit on Wednesday as it restructured after a government bail-out and said it was moving into an exciting phase. For the third quarter, it reported net prof
ZURICH - Swiss cement giant Holcim said on Wednesday that nine-month profits tumbled 31 percent amid a construction slump in Europe, but was optimistic for prospects in North American and emerging markets. The cement group said in its nine-month ea
FRANKFURT - The German media group Bertelsmann, which owns RTL television, said on Wednesday that it had raised its third quarter net profit despite falling sales owing to strict cost controls. Operating profit gained 14 percent from the same perio
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