Citigroup cuts third quarter profit by $600 million
Citigroup has cut its third-quarter profit by $600 million because of “rapidly-evolving regulatory inquiries and investigations.”
The money will be used to pay off settlements...
Lufthansa expects lower profit in 2015, cites economic slowdown and competition
Germany’s flag carrier Deutsche Lufthansa AG issued a lower-than-expected profit guidance for 2015 on Friday. The airline cited weak growth in the world economy,...
Stocks edge higher, US GDP up 3.5% in third quarter
U.S. stocks performed well on Thursday, following strong reports of third quarter economic growth.
Gross domestic product increased at an annual rate of 3.5 percent...
NAB to sell British assets and focus on Australasian operations
National Australia Bank (NAB) says it plans to get rid of its British loss-making investments so that it can focus on improving operations at...
Bombardier posts impressive 3rd quarter with deliveries up 60 percent
Bombardier Inc., the Canadian multinational aerospace and transportation company, posted strong third quarter earnings on Thursday as deliveries of aircraft jumped almost 60% compared...
US GDP grew by 3.5 percent in third quarter
US Gross Domestic Product (GDP) expanded by an annual rate of 3.5% in the third quarter of 2014, the Bureau of Economic Analysis, part...
TransCanada applies for Energy East Pipeline Project
TransCanada Corporation said on Thursday it is seeking approval for the Energy East Pipeline Project, a 1.1 million barrel-per-day pipeline, with Canada’s National Energy...
BT posts strong second quarter citing growing fiber broadband demand
BT Group plc posted better-than-expected second-quarter earnings on Thursday, which was partly driven by rapidly growing demand for fiber broadband from both customers and...
House price growth losing steam in UK, says Nationwide
House price growth continued to lose momentum in October, falling to 9% from September’s 9.4%, the second successive month of annual growth decrease, Robert...
Royal Dutch Shell reports third quarter earnings of $5.8 billion
Royal Dutch Shell reported third quarter core earnings of $5.8 billion, ahead of expectations, with both its upstream and downstream business segments performing well.
The...