Shell, Statoil profits soar on higher oil
Royal Dutch Shell Plc and Norway's Statoil reported big jumps in profits on Thursday, driven mainly by higher oil and gas prices with help from increased production.
Banks to Cut Pay and Dividends in Race for Capital
Europe's banks were told to cut dividends and bonuses to help them find 106 billion euros ($146 billion) to shore up their capital, and agreed to halve the value of their Greek government debt.
Exclusive: Records raise Olympus conflict of interest question
U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses.
EU Crisis Deal Lifts Stocks, Euro to 2-Month High
World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
Virgin Media reassures with solid third quarter growth
LONDON, Oct 27 - Britain's Virgin Media added 6,300 net new cable customers in the third quarter, reassuring investors after a disappointing second quarter, as subscribers showed a willingness to pay for higher quality services.
Logitech sticks to FY goals as Q2 in line
Logitech, the world's largest computer mouse maker, is sticking to its full-year outlook after posting a second-quarter net profit of $17 million, returning to the black after a loss in the previous quarter.
Logitech retains goals after bounce back into black
Logitech, the world's largest computer mouse maker, is sticking to its full-year outlook after bouncing back into the black with second-quarter net profit of $17 million.
Nintendo slashes forecast again to just break even
Nintendo Co Ltd slashed its annual earnings outlook for the second time this year to just break-even on Thursday, as the soaring yen and weak software sales dealt a fresh blow to the former games industry champion.
UK will not contribute to euro zone bailout - Osborne
Britain will not contribute to a euro zone bailout fund, Chancellor George Osborne said on Thursday following a deal to address the euro zone crisis.
Stocks, Euro Hit 2-Month High after European Debt Deal
World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
World stocks, euro hit two-month high after EU summit
World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
Nintendo posts quarterly loss, slashes forecast again
Nintendo Co Ltd tumbled to a 19.6 billion yen ($258 million) operating loss for the July-September period, worse than it forecast and falling short of market expectations
Shell's Q3 profits soar on higher oil price
Royal Dutch Shell Plc reported a doubling in profits on Thursday thanks to higher oil prices, robust demand for gas and stronger refining margins, and said it would continue to sell off non-core assets.
Sharp cuts outlook as TV sales slide
Sharp Corp cut its full-year operating profit forecast by 12 percent, hit by sliding domestic television sales but the cut was not as bad as the market had feared.
Hyundai sees rising competition after Q3 profit rise
South Korea's Hyundai Motor <005380.KS> warned of rising competition and economic uncertainty after it posted on Thursday a 21 percent rise in quarterly net profit, fueled by solid sales gains in the United States, Europe and other markets.
Australian court to fast-track Samsung appeal on tablet ban
Samsung Electronics won Australian court approval for fast-tracking its appeal against a ban on the sale of its new Galaxy tablet computer in the country, part of an ongoing global legal battle with iPad maker Apple Inc.
Asia shares, euro rise on EU summit
European stock index futures rose on Thursday as riskier assets across the board and the euro rallied in Asia, after European leaders agreed to boost their region's rescue fund and have private bondholders accept a huge loss on their Greek debt.
Farrelly Brothers to do another Dumb and Dumber
Dumb and Dumber is getting dumber yet.The Farrelly Brothers will direct a sequel to their 1994 hit -- and they plan to reunite Jim Carrey and Jeff Daniels to resurrect their beloved (and dumb) roles, TheWrap has confirmed.
Warners stops selling movies to Blockbuster in dispute
Warner Bros. has stopped selling its new releases to Blockbuster in an attempt to force the chain to accept a 28-day rental window. Warners wants Blockbuster to wait that long before renting out DVDs or Blu-rays, the way Netflix and Redbox do.
NBC acquires comedy from Bridesmaids star Chris O'Dowd
NBC has beat out the rest of the Big Four networks to acquire Big Men, a new single-camera comedy project from Bridesmaids star Chris O'Dowd.
The X Factor opens up voting to Twitter
In a first-ever move for television, Fox's new singing competition The X Factor is opening up its voting process to Twitter, the network announced Tuesday.
Sharp posts rise in quarterly profit, trims outlook
Sharp Corp reported a 44 percent rise in quarterly earnings, beating analysts' expectations, but cut its full year forecast as shriveling domestic television sales offset growing demand for smartphones and tablets.
Shell Q3 profits double on higher oil price
Royal Dutch Shell Plc reported a doubling of net profits in the third quarter compared to the same period last year, thanks to higher oil prices.
Dropbox Takes Aim at Businesses with new Service
Dropbox, the company behind the popular virtual file cabinet, is branching out to small and medium-sized businesses with the new service Dropbox for Teams.
EU and euro zone leaders' comments on debt crisis
Euro zone leaders said on Thursday they had reached agreement on a comprehensive package of measures to tackle the euro zone's sovereign debt crisis.
RIM hit with consumer lawsuits over BlackBerry outage
Consumers in the United States and Canada have sued Research in Motion for a days-long service outage on BlackBerry devices that rippled across the world earlier this month.
Hyundai Q3 profit up 21 percent; meets forecast
South Korea's Hyundai Motor <005380.KS> posted a 21 percent rise in quarterly net profit, meeting consensus, fueled by solid sales gains in the United States, Europe and other markets despite global economic uncertainty.
Sharapova Hands Wozniacki No. 1 Spot
Despite losing 6-2, 4-6, 3-6, to Russian Vera Zvonareva on Wednesday, Denmark's Caroline Wozniacki confirms her position at the top of the WTA women's singles tennis rankings.
Euro zone strikes deal on second Greek package
Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 percent loss on holdings of Greek government bonds as part of a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis.
Regulator said to mull forgiving mortgage debt
The regulator for Fannie Mae and Freddie Mac was reviewing a proposal to help troubled homeowners by forgiving a portion of their outstanding mortgage debt, Democrats in the House of Representatives said on Wednesday.