Adidas raises 2016 guidance after first-quarter earnings jump
FRANKFURT (Reuters) – German sporting goods group Adidas hiked its guidance for 2016 sales and earnings a second time as it reported a 38 percent jump in quarterly underlying profit, citing strong brand momentum.
Barclays first-quarter profit falls 33 percent as investment banking slowdown bites
LONDON (Reuters) – Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market enviro…
Nestle agrees on ice cream joint venture with UK’s R&R
LONDON (Reuters) – Nestle has struck a deal with Britain’s R&R Ice Cream to form a joint venture that will sell ice cream and frozen food in over 20 countries, its latest attempt to adapt to a changing and more competitive packaged food market.
Comcast in talks to buy DreamWorks Animation for more than $3 billion: WSJ
(Reuters) – Comcast Corp, the largest U.S. cable operator, is in talks to buy Hollywood studio owner DreamWorks Animation SKG Inc for more than $3 billion, The Wall street Journal reported, citing people familiar with the matter.
U.S. companies skeptical of corporate China’s advances
(Reuters) – Chinese life sciences entrepreneur Wei Zhou submitted a $1.5 billion bid for U.S. gene testing company Affymetrix last month – topping a $1.3 billion agreed acquisition by Thermo Fisher Scientific Inc . A few days later, he got an unusual d…
Investors want mutual funds to get tougher on CEO pay: Reuters/Ipsos poll
BOSTON (Reuters) – Individual investors are angry about CEO pay, and they want their mutual fund firms to do something about it.
As iPhone sales slump, Apple bets on services from apps to music
SAN FRANCISCO (Reuters) – Apple Inc’s first-ever drop in quarterly iPhone sales has spurred Chief Executive Tim Cook to turn the spotlight on prospects for its services business, but the field is rife with competition and may prove challenging for a b…
Mitsubishi Motors CEO, COO likely to resign over mileage scandal: papers
TOKYO (Reuters) – Mitsubishi Motors Corp’s top two executives are likely to resign over the Japanese automaker’s manipulation of fuel economy data, Japanese media reported on Wednesday, in a scandal that has halved the company’s market value in a week….
Apple’s nine-year iPhone juggernaut stops with first sales decline
(Reuters) – Apple Inc on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.
Twitter stock plunges after revenue misses estimates
(Reuters) – Twitter Inc disappointed investors yet again with first-quarter results that showed stagnant revenue growth as the microblogging service struggles to grab new users amid efforts to improve its complicated interface with several new feature…
