T-Mobile U.S. third-quarter subscriber growth tops Street; shares rise
(Reuters) – T-Mobile US Inc, the No. 4 U.S. mobile provider, reported third-quarter subscriber growth well ahead of expectations on Tuesday, and showed it was putting pressure on market leaders Verizon Wireless and AT&T Inc.
IntercontinentalExchange third-quarter profit rises 8 percent
(Reuters) – IntercontinentalExchange Inc , which is awaiting final approval for its purchase of NYSE Euronext , reported an 8 percent rise in third-quarter profit on Tuesday, helped by higher market data revenues.
European insurers braced for storm damage after RSA warning
LONDON/FRANKFURT (Reuters) – Britain’s largest general insurer RSA warned on Tuesday that last week’s wind storms in northern Europe would hit profits, the first major insurer to say so, sending its shares tumbling over 8 percent.
Strong appetite for luxury spurs Michael Kors sales
(Reuters) – Michael Kors Holdings Ltd reported a better-than- expected 40 percent jump in quarterly revenue, driven by strong demand for its trendy handbags and watches.
CVS Caremark raises outlook after higher third-quarter profit
(Reuters) – CVS Caremark Corp posted a higher-than-expected quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions from new clients.
Cognizant beats estimates as demand for outsourcing grows
(Reuters) – IT services firm Cognizant Technology Solutions Corp reported a better-than-expected 22 percent rise in quarterly revenue as businesses, especially financial firms and companies in Europe, outsourced more work and increased spending on cons…
Endo Health to buy Canadian peer Paladin Labs for $1.6 billion
(Reuters) – Specialty pharmaceutical company Endo Health Solutions Inc said it would acquire Canadian peer Paladin Labs Inc for about $1.6 billion to expand its presence in Canada and emerging markets.
Ukraine signs $10 billion shale deal with Chevron
KIEV (Reuters) – Ukraine signed a $10 billion shale gas production-sharing agreement with U.S. energy major Chevron on Tuesday in the country’s second such deal this year.
Has Zara reached saturation point? Far from it, investors bet
MADRID (Reuters) – The world’s largest fashion retailer, Inditex, shows no sign of stalling and investors are betting that its Zara “fast fashion” model has plenty of room to expand in emerging markets by appealing to the growing ranks of brand-conscio…
HTC to slash costs in drive to eke out fourth-quarter profit
TAIPEI (Reuters) – Taiwan smartphone maker HTC Corp said it plans to slash costs by nearly a quarter and sell cheaper devices in a bid to bounce back to profit in October-December.
