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The company said its global reach, diverse customer base and cost-cutting were helping it weather the economic downturn and that it expected fourth-quarter results well above expectations.
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NEW YORK (Reuters) - JPMorgan Chase & Co and Wells Fargo & Co posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S. financial sector.
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Ashland Inc. (ASH), a specialty chemical company, Tuesday said it expects preliminary earnings from continuing operations in the fourth quarter to be near breakeven due to several reasons.
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Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial average, which finished off its lows with a loss of 514 points.
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Sohu.com Inc, operator of China's second-biggest Web portal, forecast fourth-quarter earnings that beat analysts' estimates on rising advertising sales. Sohu predicted earnings per share of between $1.20 and $1.25 this quarter, more than the $1.05 average estimate of seven analysts
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Honda Motor Co. said Tuesday it has revised down its earnings forecasts for the year through next March due to weakening vehicle demand and the yen's rise. The company lowered its group sales estimate to 11.6 trillion yen from 12.13
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Japanese video game and console maker Nintendo Co. reports second quarter earnings on Thursday. The following is a summary of key developments and analyst opinion related to the period.
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CEO says economic downturn has weighed on Sun's customers and hurt its high-end businesses, but says the company will be able to weather a poor economy.
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Monday, Viacom Inc., an entertainment content company, reported a fall in third quarter earnings compared to a year ago, as operating income declined mainly due to loss in the Filmed Entertainment segment. Adjusted earnings came in line with market expectation with revenues exceeding the Street estimate. For the full year, the company expects mid-single to low double-digit growth in earnings.
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Hewlett-Packard delivered a comparatively optimistic forecast Tuesday for sales in the coming year, bucking the recent trend of gloomy predictions from other major technology companies.
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British Polythene Industries said increased energy bills would wipe 8m off its profits this year, highlighting the toll that high power costs are taking on manufacturers.
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Hewlett-Packard’s comparatively optimistic forecast bucked the trend of gloomy predictions from other major tech companies.
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General Electric (GE) said Tuesday that its fourth-quarter profit would likely come in at the low end of its previous target range, with the company also detailing steps it will take to strengthen its financial arm in a market environment that is still very uncertain. The company said it plans to make GE Capital, its financial arm, a smaller, well-financed company
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Conglomerate General Electric (GE) warned Tuesday that its earnings for the fourth quarter will come in at the lower end of its previously-announced forecast. The firm also revealed changes it was making at its financial services unit, in an effort to defend its top debt rating. GE revealed that it planned to take a charge of at least $1 billion for restructuring in the fourth quarter, as the firm sets itself up to perform in the weak economic environment. GE said its fourth-quarter earni
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Friday, leading UK builder's merchant, Travis Perkins Plc (TPK.L) said that it expects full-year 2008 pre-exceptional earnings to be in line with market expectations, as trading across both its trade and retail divisions remains broadly in line with its market forecast released in October.
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Kenny Miller could be fit for Rangers’ next game, Walter Smith has revealed. The striker pulled out of the Scotland squad for today’s qualifier with a hamstring injury but has had an injection which he hopes will clear up the problem.
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The forward isn't expected to dress for Saturday's season opener at San Jose because it would be consecutive games after missing 21/2 weeks of training camp. Kings forward Patrick O'Sullivan has worked out the kinks since reporting to the team Wednesday and expects to make his season debut in Sunday's home opener against the San Jose Sharks at Staples Center.
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Shapovalov made the forecast in an interview published in the Zerkalo Nedely weekly.
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FUND manager Valad Property Group has withdrawn its earnings guidance and cancelled it interim distribution because of unstable market conditions.
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LONDON (Reuters) - Oil rose above $82 a barrel on Monday after governments around the world acted to boost confidence in the global banking system, spurring a rally in European and Asian stock markets and commodities.
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Ryanair and EasyJet, Europe's two biggest low-cost carriers, will benefit from the current economic storm, executives at the companies say.
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Seattle coach Mike Holmgren said he expects WR Deion Branch to play in Week 7 at Tampa Bay. Branch, who missed the first three games this season with a knee injury but returned in Week 5, was out in Week 6 against Seattle. "I hope to have back this week," Holmgren said. "His attitude is good. Now he has to just get on the field and practice a little bit."
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Palmetto Bancshares Inc. reported a net income of $4.057 million for the third quarter of 2008.
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PepsiCo Inc. says it plans to eliminate 3,300 positions globally, as it reports a 9.5 percent drop in third-quarter profit.
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Cisco CEO John Chambers said Wednesday that there will be an "instant replay" in technology-led productivity gains in the current downturn just like the U.S. saw in the mid-1990s.
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Pepsico, Inc. (PEP) is falling during pre-market trading on Tuesday following the release of quarterly results which included a lowered full-year guidance.
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Healthcare products major Johnson & Johnson reported Tuesday a 30% rise in profit for the third quarter, boosted by absence of prior-year's restructuring charge, and strong international sales. Quarterly earnings per share and top line surpassed market projections. Further, the company lifted its fiscal 2008 adjusted-earnings per-share forecast.
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Stocks stalled yesterday as concerns about corporate profits and the economic downturn overshadowed a new government plan to invest directly into major banks.
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BBC world affairs editor John Simpson says he thinks he will lose his job and the corporation's future is not looking good.
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Former Bath and Lions prop Gareth Chilcott expects Bristol to win their first game of the season against Toulon on Friday.
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Intel comforted Wall Street as it forecast a limited effect on its fourth-quarter earnings from the fallout of the credit crunch
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With shares dipping below $13 last week and yesterday's rally only boosting the price to $13.49, Yahoo's third quarter earnings will be watched pretty closely. Next Tuesday at 5:00pm EST, after the bell (which may or may not mean much during this volatile market), Yahoo will announce its Q3 2008 earnings via phone and webcast. What do you think Yahoo's earnings will show? Debate your predictions in the comments.
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ORIGIN Energy, Australia's second largest power retailer, says it expects underlying earnings this financial year to be up to 40 per cent higher than last year.
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MEDFORD -- Expect to see more of Mitt Romney in New Jersey. In May, he founded the Free & Strong America PAC. He was here today to raise money for the congressional campaigns of Chris Myers, after doing the same for Leonard Lance. And he thinks he’ll probably be here next year to help whoever the Republican gubernatorial candidate will be. When asked if he expects to be here next year, Romney said “My guess is yes.”
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SAN JOSE, Calif. (AP) -- Intel Corp. has provided some insight into the state of global PC demand, telling Wall Street that while technology spending may be slumping, the chip maker fully expects its profits to hold steady....
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The education publisher and owner of the Financial Times reassured investors that group profits would be at the top end of forecasts this year despite toughening trading conditions
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Coca-Cola, the world's largest soft drinks company, reported a 14 per cent in its third-quarter earnings, as robust international growth again offset slowing US consumer demand
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JPMorgan and Wells Fargo kicked off the US banking results season with third quarter numbers which beat market expectations as they both managed to capitalise on rivals' weakness to win business
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