Banque Saudi Fransi, the Saudi affiliate of France's Calyon, posted a 1.9 percent fall in third-quarter net profit on lower fees from deposit management and its local brokerage.
Saudi Arabia's Almarai Co, the Gulf's largest dairy company by market value, posted a 23.7 percent rise in third-quarter net profit but sales slowed down as swine flu kept pilgrims away from the kingdom.
The American whiskey market may be back on a roll. The industry which produces Jack Daniel's and Jim Beam is seeing sales flatten in its domestic market but overseas business is booming and driving overall growth.
The ultra-rich are taking a more hands-on approach to investing and protecting their fortunes, and are increasingly determined that their children also know the ropes, wealth managers say.
U.S. retailers that pushed deep, margin-sapping discounts in 2008 to try to lure holiday shoppers during the recession are going to try to break consumers of the 70 percent-off habit in 2009.
Canadian hedge funds may lose more than 20 percent of their business if the European Union approves a proposed directive restricting foreigners' ability to sell into the EU, a top fund manager said on Thursday.
Bank of America Corp appointed on Tuesday two new directors to asset manager BlackRock Inc's board, swapping current and former bank employees.
Heidelberg, the world's largest maker of printing presses, expects its full-year loss could triple compared with fiscal 2008/09 as underutilised print shops remain unwilling to invest in new machines.
Dole Food Co Inc, the world's largest producer and marketer of fresh fruits and vegetables, set terms for a planned initial public offering, including a price range and the number of shares it expects to sell, suggesting that the IPO is imminent.
Home accessories retailer Tuesday Morning Corp posted a 4 percent fall in its first quarter sales, but forecast a narrower-than-expected quarterly loss.
National Semiconductor Corp Chief Executive Brian Halla plans to retire at the end of November, and Chief Operating Officer and company veteran Donald Macleod will take up his post.
The chief executive of Brazil's TAM Linhas Aereas resigned unexpectedly on Friday after less than two years on the job, prompting the airline to promote its chief financial officer on an interim basis.
A committee of former Enron employees is seeking U.S. bankruptcy court approval to distribute about $24 million in severance pay from a litigation trust to 3,500 former employees of the collapsed energy trader.
Giant initial public offerings this week by Banco Santander (Brasil) SA and Verisk Analytics are likely to be followed by more outsized IPOs, but the mixed performance of the stocks shows selling future deals could be difficult.
The biggest week for initial public offerings in 18 months, fueled by offerings from Banco Santander (Brasil) SA and insurance risk specialist Verisk Analytics Inc that raised a combined $10 billion, provided a much-needed boost to investment bankers.
Frozen food company Birds Eye Foods Inc plans to raise up to $350 million in an initial public offering, according to a regulatory filing.
A management buyout of Malaysia's national carmaker Proton Holdings (PROT.KL) could be possible, the firm's chairman was quoted by the Star newspaper as saying.
Germany's Economy Minister sought to shore up support for his government's rescue plans for Opel amid signs of growing opposition at home and abroad to the Berlin-brokered deal with Canadian automotive firm Magna (MGa.TO).
General Motors Co GM.UL is looking for a new advertising agency for its luxury Cadillac brand as it tries to reverse a slide in sales in its home market.
General Motors Co's flagship Chevrolet brand expects to boost sales driven by new launches such as the Cruze small car and may represent 70 percent of the automaker's North American sales, the brand's chief said on Friday.
Canada's largest public sector union said on Friday that the strong Canadian dollar is hurting manufacturers and called on the government to take action to help pull the currency closer to its historic range.
General Motors Co GM.UL said on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from a year earlier, boosted by Beijing's stimulus policies and boding well for record sales for the full year.
Ford Motor Co (F.N) is getting close to a deal revising its contract with the United Auto Workers, according to a person briefed on six-week-old talks in which the automaker has aimed to gain concessions the union has already granted to GM and Chrysler.
Tata Motors Ltd (TAMO.BO), India's largest commercial vehicle maker, said it raised $750 million by issuing global depositary receipts and convertible bonds to pay down debt taken on for its acquisition of the loss-making Jaguar and Land Rover brands last year.
The number of U.S. homes listed for sale fell nearly 2.0 percent in September compared to August, according to inventory data released by national real estate brokerage ZipRealty on Friday.
Cablevision Systems Corp reached a new deal with CBS Corp to carry its broadcast network as well as Showtime, the Smithsonian Channel, and CBS College Sports Network, the companies said on Friday.
Real estate Web sites Zillow and Trulia continue to see price cuts by home sellers in apparent efforts to attract buyers during a slower part of the year for house sales.
The U.S. Trustee, which oversees bankruptcy cases in New York, said on Friday it believes documents related to Lehman Brothers Holdings Inc's probe of its asset sale to a Barclays Plc unit should be made public, according to court documents.
The New York headquarters of troubled insurer American International Group (AIG) is being converted into luxury condominiums.
Germany sought to shore up its rescue plans for carmaker Opel as Spain and Britain fought to safeguard their own Opel plants and domestic critics laid into the Berlin-brokered deal with Canadian automotive firm Magna.
