UPS warns on profit as customers cut costs
(Reuters) – United Parcel Service Inc , the world’s No.1 package delivery company, estimated second-quarter profit below market expectations as international customers accelerate their shift from aircraft to slower but cheaper ships.
JPMorgan shrugs off weaker bond markets; profits jump
(Reuters) – JPMorgan Chase & Co posted a 31 percent increase in second-quarter earnings on Friday after underwriting income jumped and bond market trading revenue rose.
JPMorgan shrugs off weaker bond markets; profits jump
(Reuters) – JPMorgan Chase & Co posted a 31 percent increase in second-quarter earnings on Friday after underwriting income jumped and bond market trading revenue rose.
Daimler Q2 operating profit boosted by EADS stake sale
FRANKFURT (Reuters) – German car and truck maker Daimler reported quarterly operating profit that was boosted by its sale of a stake in aerospace and defense firm EADS .
Stocks head for best week in eight months, dollar steadies
LONDON (Reuters) – European shares rose on Friday and the dollar steadied in the wake of reassuring comments from the U.S. Federal Reserve on its stimulus program, leaving world stocks on track for their best week in almost eight months.
Chinese online company Cloudary withdraws $200 mln U.S. IPO
(Reuters) – China-based Cloudary Corp, which runs online libraries, said it would withdraw its initial public offering of up to $200 million of American Depository Shares, citing current market conditions.
Chinese online company Cloudary withdraws $200 mln U.S. IPO
(Reuters) – China-based Cloudary Corp, which runs online libraries, said it would withdraw its initial public offering of up to $200 million of American Depository Shares, citing current market conditions.
For Icahn, $10.7 million profit from Dell is not enough
(Reuters) – Michael Dell and private equity firm Silver Lake are looking increasingly likely to get shareholder approval to take Dell Inc private in a $24.4 billion deal. But agitator Carl Icahn still sees room to gamble.
Tsinghua Holdings to buy chipmaker Spreadtrum for $1.78 billion
(Reuters) – Chinese cellphone chip designer Spreadtrum Communications Inc will be acquired by a unit of government-owned Tsinghua Holdings Co Ltd for a raised offer price of about $1.78 billion.
EU’s Barnier to propose new banking law in October
LONDON (Reuters) – The European Union’s financial services chief said on Friday he will propose a draft law in October to manage risks better in the bloc’s 8,300 banks.
