Roche Profit Misses Forecasts
Swiss drug maker Roche said that its full-year net income fell
16% despite rising sales of its cancer treatments.
Anglo American Warns of Impending Commodity-Price Hit
Anglo American is set to incur noncash impairment charges when
it reports its full-year results next month, reflecting the toll
the slump in commodity prices is taking on the global mining
industry.
Audi, VW, Porsche to Recall 93,500 Vehicles
Audi, Volkswagen and Porsche are recalling more than 93,500 cars
and SUVs world-wide to fix fuel-leak problems.
Apple Sells 46% More and Higher Price iPhones
Apple surpassed even the most bullish Wall Street expectations
for its holiday quarter with an improbable trifecta: selling more
iPhones at higher prices--and earning more on each sale.
Yahoo to Spin Off Alibaba Stake
Yahoo unveiled unveiled a plan to spin off tax-free its nearly
$40 billion worth of holdings in Alibaba, a move that should buy
Chief Executive Marissa Mayer more time with shareholders despite
continued declines in the Internet portal's core advertising
business.
Electrolux Swings to Higher Than Expected Profit
Swedish home appliance maker Electrolux said it swung to a net
profit in the fourth quarter following a strong improvement in
operating income for its Major Appliances business in Europe, Latin
America and Asia.
H&M Profit Beats Expectations
Swedish clothing retailer H&M reported a
stronger-than-expected rise in net profit for the fourth quarter,
and said that it plans to open 400 new stores in 2015.
Nordea Ups Dividend Amid Profit Rise
Nordea Bank reported a 13% rise in fourth-quarter net profit,
driven by higher fee and commission income and lower operating
expenses, and said it aimed to increase its pay-out ratio in 2015
while cutting costs further.
Sony to Cut 1,000 More Jobs at Smartphone Unit
Sony will cut another 1,000 jobs at its struggling smartphone
business as part of its efforts to get the unit back into the black
in the business year starting April 2016, people with knowledge of
the move said Wednesday.
IKEA Posts Slight Profit Rise
The world's biggest furniture maker said increased growth in all
its sales channels helped drive a slight rise in net profit for
fiscal 2014 as demand remained high in North America and continued
to recover in Europe.