PepsiCo profit sizzles, boosts outlook for year; shares rise
NEW YORK (Reuters) – PepsiCo Inc raised its full-year earnings forecast and said snack sales helped its quarterly profit beat expectations, sending its shares up more than 1 percent in morning trading on Thursday.
Commerzbank weighs cuts to London investment bank activities: sources
FRANKFURT (Reuters) – Germany’s second-biggest lender Commerzbank AG is considering cutting back its fixed income and currencies (FIC) business in London as it adjusts to declining demand, two sources familiar with the matter said.
German recession fears mount as exports plunge
BERLIN (Reuters) – German exports plunged in August by their largest amount since the height of the financial crisis and leading institutes slashed their forecasts for growth, fuelling a debate on whether Berlin is doing enough to prop up Europe’s econ…
Global stocks wilt after Fed-driven surge; Bund yields hit lows
LONDON (Reuters) – A rally in world stocks sparked by Federal Reserve assurances it will not rush U.S. rate hikes ran out of steam on Thursday as the dollar remained in the grip of its worst run in months.
Facebook has no near-term plan to monetize WhatsApp: CEO
NEW DELHI (Reuters) – Facebook Inc , which closed its acquisition of mobile messaging service WhatsApp on Monday, has no near-term plan to make money from the service, Chief Executive Mark Zuckerberg said on Thursday.
Audi sells fewer cars than Mercedes as competition intensifies
BERLIN (Reuters) – Audi sold fewer cars than rival Mercedes-Benz for the first time this year in the latest sign that the sales rivalry among Germany’s top luxury automakers is intensifying.
Apple delays production of larger iPad: WSJ
(Reuters) – Apple Inc suppliers have delayed the production of a larger iPad to early next year, the Wall Street Journal reported, citing people familiar with the matter.
Facebook has no near-term plan to monetise WhatsApp: CEO
NEW DELHI (Reuters) – Facebook Inc , which closed its acquisition of mobile messaging service WhatsApp on Monday, has no near-term plan to make money from the service, Chief Executive Mark Zuckerberg said on Thursday.
Lafarge about to seek EU approval for merger with Holcim
PARIS (Reuters) – Lafarge and Holcim are about to request approval from the European Commission for their planned merger, Lafarge Chief Executive Bruno Lafont told reporters on Thursday.
Tech manufacturer Hon Hai says resolved strike at China factory
BEIJING/TAIPEI (Reuters) – Hon Hai Precision Industry Co Ltd , the world’s largest contract electronics manufacturer, said on Thursday it had resolved a strike by about 1,000 workers at one of its factories in China, and that production from the plant …
