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Asian stock markets rise as US elects new leader
AP - Asian markets rose Wednesday, tracking overnight gains on Wall Street, amid hopes for a year-end rally and that a new U.S. president would act to boost the sluggish American economy.
China shares rebound on regional rally
AP - Chinese shares rose Wednesday for the first time in four trading days as regional markets advanced, led by financial and construction-related stocks.
Stock market drops 2.09%
AFP - The London stock market slid 2.09 percent to 4,542.59 points soon after the start of trading on Wednesday and following Barack Obama's US presidential victory.
Total says adjusted net profit up 35 percent in 3Q
AP - French oil giant Total SA says its net profit slipped 2 percent to 3.05 billion euros ($3.91 billion) in the third quarter as higher one-off tax and accounting charges offset gains from the record-high oil prices during the period.
ArcelorMittal plans steeper output cuts
AP - ArcelorMittal SA, the world's largest steelmaker, reported Wednesday profits rose 29 percent in the third quarter but said it would cut output by nearly a third as a sharp economic slowdown dampens demand for the steel used in houses and cars.
Sanyo's quarterly profit drops 67 percent
AP - Sanyo Electric Co., a troubled electronics maker that may get bought out by bigger Japanese rival Panasonic, reported Wednesday its second quarter profit dwindled to about a third of what it was a year earlier.
CCHBC posts flat 3rd quarter net profit
AP - Coca-Cola Hellenic Bottling Company SA said Wednesday its third-quarter profit was flat on the year as sales in key markets were hit by the global economic crisis and poor weather.
BNP Paribas 3Q profit down sharply
AP - French bank BNP Paribas says its net profit sank by more than half in the third quarter on a 1.1 billion euro ($1.41 billion) loss linked to the financial crisis.
SAS posts $260 million loss in third quarter
AP - Scandinavian airline group SAS AB said Wednesday it swung to a loss of 2.01 billion kronor ($260 million) in the third quarter, citing weakening demand for air travel due to a weakening economy and high oil prices.
Japan stocks surge on weaker yen, US election
AP - Japanese stocks surged Wednesday, propelled by a weaker yen, global equity gains and hopes that Barack Obama's election to U.S. president and Democratic gains in Congress would lead to policies that would boost the American economy.
SKorean stocks rise 2.4 percent, won gains
AP - South Korea's benchmark stock index rose Wednesday for a fifth straight session, though pared gains on profit-taking and concerns Barack Obama's election as president could weaken U.S. commitment to free trade. The won rose.
BNP Paribas 3Q profit 56 percent
AP - French bank BNP Paribas said Wednesday its net profit sank by 56 percent in the third quarter on a 1.1 billion euro ($1.41 billion) loss linked to the financial crisis.
Ciba 3Q profit down 8 pct, BASF deal advancing
AP - Specialty chemicals maker Ciba Holding reported Wednesday an 8 percent drop in third-quarter net profit on lower demand for its products in Europe, and cut its full-year outlook amid an expected slowdown in the U.S. and Asia.
Hannover Re swings to 3Q loss of 395 million euros
AP - Reinsurer Hannover Re AG reported Wednesday it swung to a third quarter net loss — its first since 2005 — blaming higher claims from weather-related disasters and the financial crisis that caused it to write down investments. It also abandoned its outlook for the rest of the year.
Swisscom posts 32 percent drop in 3Q net profit
AP - Swisscom AG reported Wednesday a 32 percent decline in net profit for the third quarter partly due to costs related to the launch of the iPhone and the acquisition of Italian telecom Fastweb SpA.
MillerCoors 3Q income rises 15 pct on cost savings
AP - Brewer MillerCoors, the new joint venture between Molson Coors and SABMiller's U.S. unit, announced Wednesday that third quarter net income was 15 percent higher than the combined total the two companies had made a year earlier when they were operating separately.
Carlsberg posts 4 percent gain in 3Q profit
AP - Carlsberg A/S on Wednesday posted a 4 percent increase in third-quarter earnings but downgraded its full-year forecast and said it would close its brewery in Leeds, Britain and lay off 250 employees to reduce costs.
Stocks head for lower open after sharp rally
AP - Wall Street prepared to cash in some of the previous session's big gains Wednesday, focusing on the weak economy after Barack Obama's election to the White House.
FTSE 100 down 71.90 at 4,567.60
AP - Share prices on the London Stock Exchange were lower at midday Wednesday.
Indian stock index plunges 4.8 percent
AP - India's benchmark Sensex index plunged 4.8 percent as investors took profits after five days of gains.
Medco profit rises 38 percent on generics
Reuters - Medco Health Solutions Inc posted an 38 percent increase in quarterly profit on Wednesday, as the pharmacy benefit manager dispensed more generic and mail-delivery prescriptions.
Total says net profit up 7 percent in 3Q
AP - French oil giant Total SA said Wednesday its net profit rose 7 percent to $4.59 billion in the third quarter thanks to record-high oil prices in the period.
IAC reports loss in 3Q
AP - IAC/InterActiveCorp says it swung to a third-quarter loss because of expenses related to the former Internet conglomerate's August split into five publicly traded companies.
Medco Health 3Q profit rises 38 percent
AP - Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday its third-quarter profit rose 38 percent on higher prices for brand name drugs and new clients, topping Wall Street forecasts.
Sara Lee's fiscal 1Q profit rises 15 percent
AP - Sara Lee says its fiscal first-quarter profit rose 15 percent as the maker of Hillshire Farm deli meat benefited from a weaker dollar and raised prices to help offset rising commodity costs.
Time Warner 3Q profits beat expectations, AOL weak
AP - Time Warner Inc. reported third-quarter profits Wednesday that beat Wall Street expectations, even as its AOL online unit continued to weigh down the company with a 6 percent decline in advertising revenue.
Europe's markets cash in on Obama win
AP - European stock markets traded lower Wednesday ahead of an expected soft opening on Wall Street, as investors booked some profits after Senator Barack Obama won the U.S. presidential election and the Democrats took a firmer hold on Congress.
Stock futures lower as economic worries weigh
Reuters - Wall Street looked set for a lower open on Wednesday the day after Barack Obama won the presidency as investors turned their focus back to concerns on the weakening global economy.
Molson Coors profit up on market share gains
Reuters - Molson Coors Brewing Co reported a higher quarterly profit on Wednesday that met Wall Street expectations, helped by market share gains in Canada and Britain.
Molson Coors 3Q profit up 28 percent
AP - Brewer Molson Coors says its third-quarter profit rose 28 percent, but that result missed analysts' expectations.
GMAC 3Q loss widens, blames economic woes
AP - GMAC Financial Services says its third-quarter loss widened to $2.52 billion, pulled down by steep losses at its mortgage division.
BNP Paribas 3Q profit down 56 percent
AP - French bank BNP Paribas said Wednesday its net profit sank 56 percent in the third quarter on a 1.1 billion euro ($1.41 billion) loss linked to the financial crisis.
MetroPCS 3Q profit falls on higher expenses
AP - MetroPCS Communications Inc. said Wednesday its third-quarter profit dropped 15 percent, weighed down by higher operating expenses.
ITV's 9-mth revenues remain flat despite downturn
AP - Britain's largest commercial broadcaster, ITV, said Wednesday that revenues for the first nine months of the year were little changed from last year despite the economic downturn, as growth in online ads and TV production offset weaker broadcast advertising.
Marsh & McLennan swings to 3Q loss
AP - Insurance broker Marsh & McLennan says it lost $8 million in the third quarter due in part to lower revenue in its risk consulting and technology business. Analysts had been expecting a profit.
US, European stocks falter as Obama wins US presidency
AFP - Wall Street and European stocks fell Wednesday as investors took profits despite gains earlier in Asia as Democrat Barack Obama was elected the first black president of the United States.
World markets cash in on Obama win
AP - World markets traded lower Wednesday despite strong gains in Asia overnight as investors booked profits after Senator Barack Obama won the U.S. presidential election and the Democrats took a firmer hold on Congress.
Obama victory sparks profit-taking in US, European stocks
AFP - Wall Street and European stocks fell back Wednesday as investors buckled down for an expected gloomy economic ride after the euphoria of Democrat Barack Obama's US presidential election victory.
London FTSE down steeply
AFP - The FTSE 100 Index slipped back Wednesday, ending six straight days of gains as investors mulled the implications of Barack Obama's US presidential election victory and judged recent market strength as overcooked.
Molson Coors profit rises on market share gains
Reuters - Molson Coors Brewing Co reported higher quarterly profit on Wednesday that met Wall Street expectations, helped by market share gains in Canada and Britain, sending the brewer's stock up 5.4 percent.
Stocks stumble as economy overshadows election
Reuters - Stocks fell on Wednesday as worries about the weakening global economy returned to center stage just a day after the historic U.S. presidential election.
Medco Health 3Q profit rises 38 pct, beats view
AP - Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday its third-quarter profit rose 38 percent on greater mail-order and specialty drug sales, topping Wall Street forecasts.
Obama victory sparks profit-taking in US, Europe
AFP - A global stock rally faltered and Wall Street fell hard Wednesday as investors buckled down for a gloomy economic ride after the euphoria of Democrat Barack Obama's US presidential election victory.
News Corp. 1Q profit sinks 30 percent
AP - Media giant News Corp. says its first-quarter net income fell 30 percent from a year ago because of a large write-down and a drop in ad revenue at its TV stations.
Whole Foods 4Q profit plunges on Wild Oats costs
AP - Whole Foods Market Inc. has seen its profit plunge in the fourth quarter because of costs related to its acquisition of Wild Oats Markets Inc.
A look at Sara Lee's business units
AP - Here's a look at how Sara Lee Corp.'s business units performed in the first quarter of the company's fiscal year:
A look at how Molson Coors and MillerCoors fared
AP - Here are details of how Molson Coors and MillerCoors, its joint venture with SABMiller's U.S. unit, fared in the most recent quarter:
News Corp. quarterly profit down 30 percent
AFP - Rupert Murdoch's News Corp. on Wednesday reported a 30 percent drop in quarterly net profit on losses at a German television station and declining television advertising revenue.
SKorean stocks slump in early trading, won falls
AP - South Korea's benchmark stock index dropped for the first session in six Thursday following declines on Wall Street. The won fell 3.6 percent.
News Corp. profit off 30 percent, slashes outlook
AP - News Corp. reported a 30 percent drop in quarterly profits on Wednesday and the media empire run by Rupert Murdoch said its operating profit for the current fiscal year will drop because of the U.S. dollar's strength overseas and a slowdown in advertising revenue.
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