Raytheon profit beats Street, raises full-year forecast
(Reuters) – U.S. weapons maker Raytheon Co on Thursday reported higher-than expected earnings and revenues for the second quarter, and joined other major defense companies in raising its forecast for the full year despite Pentagon budget cuts.
Colgate-Palmolive lowers profit view as foreign exchange hits
(Reuters) – Colgate-Palmolive Co posted lower quarterly profit as the impact of the stronger dollar pressured its international business, and lowered its 2013 earnings forecast as Latin American sales slipped.
D.R. Horton profit beats estimates on higher home prices
(Reuters) – Homebuilder D.R. Horton Inc reported a better-than-expected profit as it sold more homes at higher prices in quarter ended June.
Hyundai Motor sees China slowdown, Nissan to bounce back
SEOUL/YOKOHAMA, Japan (Reuters) – Hyundai Motor Co expects its strong sales growth in China to moderate in the second half of the year, hit by an economic slowdown, tight output capacity and its failure to produce new models.
Spanish unemployment falls for first time in two years
MADRID (Reuters) – Spain’s unemployment rate unexpectedly fell for the first time in two years in the second quarter, adding weight to the government’s contention that the worst of the country’s economic slump may be over.
Japan Post IPO could raise $20-40 billion: banking sources
TOKYO (Reuters) – Japan Post Holdings Co Ltd could raise as much as 4 trillion yen ($40 billion) when it sells shares to the public, bankers familiar with the deal said on Thursday, based on their assessment of market appetite for the state-owned finan…
Global shares drop as German, UK data fails to lift China cloud
LONDON (Reuters) – World shares fell on Thursday as confirmation that Europe is slowly dragging itself out of recession failed to offset worries about China’s slowdown and its impact on corporate earnings.
Nissan profit beats estimates on U.S. boost; eyes China recovery
YOKOHAMA, Japan (Reuters) – Nissan Motor Co beat expectations with a 14 percent rise in quarterly net profit on Thursday, bolstered by a jump in U.S. sales, and expressed confidence it was on track for a recovery in its key Chinese market.
BT chief signs off with turnaround set fair
LONDON (Reuters) – Outgoing BT boss Ian Livingston is set to leave on a high note after results that carried all the hallmarks of his five years at the telecom operator’s helm, with costs down, profits up and investment in place for the future.
Investment banking lifts Credit Suisse profit
ZURICH (Reuters) – Credit Suisse’s investment bank drove a one-third jump in second-quarter group earnings, while higher interest rates should help future profits at its private bank, the lender said.
