Amazon loss jumps from 41m to 437m dollars
American electronic commerce giant Amazon posted a third-quarter loss of $437 million, which dwarfed its $41 million loss in Q3 2013. The online retailer...
Sears closing more than 100 stores before Christmas, says Seeking Alpha
According to investment website Seeking Alpha, Sears Holding Corp. is closing more than 100 stores and laying off over 5,457 employees before Christmas. Stores...
Rogers posts 28 percent slump in 3rd quarter profit
Canadian communications and media company Rogers Communications Inc. posted a 28% fall in profit for the third quarter. It reported net income of $332...
Nokia makes a profit, beating analysts’ expectations
Nokia Oyj posted a third quarter net profit of €747 million compared to a €91 million loss in Q3 2013, beating all analysts’ expectations....
Caterpillar posts strong third quarter results
Caterpillar pleased investors after posting a third quarter net profit of $1.1 billion ($1.63 per share) compared to $946 million ($1.45 per share) in...
UK exports decline may undermine manufacturing growth, warns CBI
While growing during the three-month period ending in October 2014, the UK manufacturing’s pace of expansion slowed as new export orders weakened, according to...
Unilever posts weakest sales growth in nearly five years
Unilever's third quarter sales growth was the weakest in nearly five years. The company promised investors that further cost cuts, and new and cheaper...
Lloyds Banking Group to announce 9,000 job cuts
Lloyds Banking Group will be laying off around 9,000 people over the next three years. These 9,000 jobs represent about 10% of its total...
Spain’s unemployment rate drops to 23.7%
The Spanish unemployment rate is falling, with the number of Spaniards without a job dropping by 195,200 in the third quarter from the previous...
Debenhams posts 24.8 percent profit slump
British multinational department store chain Debenhams plc posted a 24.8% pre-tax profit decline to £87.2 million in the year to August 30, 2014, even...