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Asia markets drift lower despite Wall Street rise
AP - Asian markets drifted lower Wednesday, marking time after a string of gains as investors wait for a U.S. employment report to shed light on how quickly the world's biggest economy can recover.
Asia markets retreat as autos fall; Europe down
AP - Asian markets retreated Wednesday as Japanese automakers fell on Toyota's big loss and investors waited for a U.S. employment report to shed light on how quickly the world's biggest economy can recover. European markets were mostly lower.
Societe Generale 2Q net profit down by half
AP - Societe Generale SA said Wednesday its net profit fell 52 percent in the second quarter as the French bank wrote down its derivatives holdings and suffered increased losses on bad loans.
Lloyds posts loss as bad debts hit 13 billion pounds
Reuters - Britain's Lloyds Banking Group sank to a 4 billion pounds ($6.8 billion) loss in the first half, battered by a surge in bad debts from its HBOS business, but the bank told investors it was through the worst.
US stock futures little changed ahead of open
AP - U.S. stock futures are little changed Wednesday as investors hesitate to make big bets ahead of key economic data, including Friday's looming jobs report.
European stocks edge up
AFP - Europe's main stock markets edged upwards on Wednesday, after slim gains overnight on Wall Street, as investors examined the latest corporate results for clues about a possible global economic recovery.
European markets higher on earns, volume light
AP - European stock markets rose modestly Wednesday after a batch of solid corporate earnings though trading remained light as many investors awaited key economic news towards the end of the week.
P&G's 4Q profit falls 18 pct; sales decline
AP - The Procter & Gamble Co.'s fourth-quarter profit fell 18 percent, the consumer products maker said Wednesday, as households around the globe kept tight reins on spending in the recession.
Marsh & McLennan posts loss on impairment charge
AP - Marsh & McLennan Cos. said Wednesday it recorded a loss in the second quarter because of an impairment charge tied to the value of one of its divisions.
Adidas Q2 net profit falls 93 percent
AP - Sportswear company Adidas AG said Wednesday that its second-quarter net profit fell 93 percent as currency effects and tough competition weighed on earnings.
Lloyds loses $5.3 billion in H1 on bad loans
AP - Lloyds Banking Group PLC, part owned by the British government after a bailout, on Wednesday reported a loss of 3.1 billion pounds ($5.3 billion) for the first half of the year as bad loans rose at HBOS, the bank it took over in January.
Weak economic data puts stock market rally on hold
AP - Wall Street's summer rally is on hold after investors got some unpleasant news about the health of the service sector.
P&G profit falls, sales light, shares skid
Reuters - Procter & Gamble Co posted an 18 percent drop in fourth-quarter profit as sales fell more than expected, and the company's shares slipped 2 percent even though it stood by its 2010 profit forecast.
FTSE 100 falls slightly on mixed data
AFP - Stocks in London finished Wednesday slightly down after a mixed set of figures were released in the UK and US.
Marsh & McLennan forecast sends shares higher
Reuters - Marsh & McLennan Cos Inc , the No. 2 global insurance broker, posted quarterly results in line with expectations on Wednesday and forecast improved profitability for its brokerage business, sending its shares up 4.3 percent.
Boyd Gaming 2Q profit falls as revenue declines
AP - Casino operator Boyd Gaming Corp. said Wednesday that its second-quarter profit dropped 41 percent as the recession prompted gamblers to curtail their spending.
Lloyds shares up on smaller than expected loss
AP - Lloyds Banking Group PLC shares rose sharply Wednesday after the part-nationalized bank reported a smaller-than-expected loss for the first half of the year and declared its belief that the worst was over.
Deutsche Boerse down 6 pct after 2Q results fall
AP - German stock exchange operator Deutsche Boerse AG's said its second-quarter net profit fell 34 percent from last year because investors weren't trading as much. The company's shares fell 6.5 percent.
Henkel 2Q net profit up sharply
AP - Germany's Henkel AG, the maker of Persil detergent and Loctite adhesive, said Wednesday that its second-quarter net profit rose sharply from a year earlier, when it took significant restructuring charges. However, sales were lower.
Carlsberg brewer sees 36 pc jump in 2Q net profit
AP - Danish brewer Carlsberg A/S on Wednesday reported a 36 percent rise in second-quarter profit largely on cost cuts as the company saw only a slight increase in sales.
Axa H1 net profit falls 39 percent
AP - Axa SA said its net profit fell 39 percent in the first half as the global financial crisis hammered earnings at both its life and savings and asset management businesses.
Garmin 2Q profit falls, tops estimate, shares soar
AP - Navigational device maker Garmin Ltd. on Wednesday reported sharply lower second-quarter earnings on Wednesday, but beat Wall Street estimates and said the worst of its sales decline may be over. Its shares surged almost 18 percent.
SEC says brokers violated 'naked' short sale rule
AP - The Securities and Exchange Commission has charged two traders with violating new rules intended to limit a practice known as 'naked' short-selling.
News Corp 4Q loss hits $203M on MySpace writedown
AP - Global media company News Corp. says its fourth-quarter net loss hit $203 million due to huge impairment charges at MySpace, while its operating profit for the year was slightly worse than it predicted due to the weak economy.
Cisco earnings fall 46 pct but upturn expected
AP - Cisco Systems Inc. said earnings fell 46 percent in its latest quarter, but the profit beat Wall Street expectations, and the company said the quarter may have been the bottom of the recession-related downturn.
Allstate has 2Q profit despite catastrophe losses
AP - Allstate Corp. is reporting a profit for the second quarter, despite a 17 percent surge in catastrophe losses.
P&G's 4Q profit falls 18 pct; sales still falling
AP - The new man at the helm of Procter & Gamble Co. has his work cut out for him — steering the consumer products maker in a rough economy that's sinking sales, profits and shares.
AmeriCredit posts 4Q profit
AP - Automobile finance company AmeriCredit Corp. said it posted a fiscal fourth-quarter profit, in comparison to a year-earlier period weighed down by hefty write-downs on the value of two acquired businesses.
MBIA posts surprise profit in 2Q
AP - Bond insurer MBIA Inc. surprised Wall Street with a second-quarter profit, which it says was partly the result of new clients.
Hyatt Hotels registers for public offering
AP - Hotel and resort operator Hyatt Hotels Corp. said Wednesday it has filed a registration statement with the SEC proposing an initial public offering of its shares.
Automakers' shutdowns drive suppliers' 2Q losses
AP - With global auto production still in a slump and two of the U.S. automakers in bankruptcy protection, it wasn't a big surprise that the second quarter was another tough one for auto suppliers.
Fairpoint Communications posts 2Q loss of $17.8M
AP - FairPoint Communications Inc. said Wednesday it posted a second-quarter loss as the provider of local and long-distance phone and Internet services recorded lower sales and hefty debt restructuring costs.
Asian stocks narrowly mixed amid China fall
AP - Asian stocks were narrowly mixed Thursday after weak economic data sent Wall Street lower, while worries about tighter monetary policy dragged China shares down more than 2 percent.
Lenovo shares drop on profit-taking after results
Reuters - The world's No.4 PC brand Lenovo (0992.HK) dropped 6.8 percent on Thursday as investors locked in gains on the recent sharp rally in its shares after the company reported a smaller-than-expected first-quarter loss.
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