Samsung Electronics third-quarter operating profit down 60.1 percent on year
SEOUL (Reuters) – Samsung Electronics Co Ltd said third-quarter profit fell 60.1 percent from a year earlier to the lowest in more than three years, as earnings for the mobile division continued to shrink.
Wal-Mart and allies in face-off with Apple Pay over mobile payments
CHICAGO (Reuters) – Suddenly it’s Apple versus Wal-Mart in the fight for shoppers’ digital wallets.
Visa sees mobile payment as big growth driver
(Reuters) – Visa Inc reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be “a great driver” for business, sending its shares up nearly 4 percent in extended trading.
Wall St. ends with modest decline after Fed
NEW YORK (Reuters) – U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects.
Faulty Takata air bags may not be replaced for months
WASHINGTON (Reuters) – U.S. safety regulators do not expect Japanese auto parts maker Takata Corp to be able to fully supply replacement parts for millions of defective air bags until after February, and urged Takata and the automakers it supplies to s…
Fed ends bond buying, shows confidence in U.S. recovery
WASHINGTON (Reuters) – The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as “significant” in a show of confidence in the economy’s prospects.
Allstate profit beats estimates as premiums rise
(Reuters) – Allstate Corp , the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums.
Kraft Foods profit falls as price hikes hit sales
(Reuters) – Kraft Foods Group Inc said quarterly profit fell nearly 11 percent as price hikes, designed to offset higher commodity costs, hit demand for its popular products such as Velveeta cheese and Jell-O desserts.
MetLife beats profit estimates as premiums rise
(Reuters) – MetLife Inc , the largest U.S. life insurer, reported a better-than-expected quarterly profit, helped by higher premiums and gains tied to its derivatives program.
Fiat Chrysler to spin off Ferrari, issue $2.5 billion convertible bond
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion convertible bond issue to help fund its ambitious busi…
