Alcatel-Lucent, the ailing French telecoms equipment maker, is exploring asset sales as it attempts to address increasing concerns about its liquidity. Its shares fell 7 per cent in early trading…
The third quarter was when sales growth at big American companies was supposed to slump. Starbucks was not informed. In its earnings report on Thursday evening, same-store sales at US…
Economists argue that natural disasters can, in some cases, stimulate the areas affected, as workers and materials flow in for the rebuilding. The money has to come from somewhere, though.…
Bankers worked from darkened homes and traders squatted in temporary offices Thursday as Wall Street workers continued to improvise in the wake of Hurricane Sandy. Big name financial institutions, white-shoe…
Wells Fargo, the fourth-largest US bank by assets, has asked a federal judge to dismiss a government lawsuit against it on the grounds that it violates an earlier state and…
Standard Chartered and BBVA have joined the global banks that will be required to hold extra capital because of their importance to the world financial system, the Financial Stability Board…
LinkedIn surpassed Wall Street expectations for its third-quarter earnings, reporting a leap in profits and revenues that sent its shares up more than 7 per cent in after-hours trading. The…
Revenue & Customs has warned that its “overriding legal obligation” to preserve confidentiality will hurt its moves to improve transparency in the wake of the row over handling big businesses’…
Robert Benmosche, chief executive of AIG, warned “it is too early to provide an estimate of the financial impact” of Hurricane Sandy as the insurance group reported improved third-quarter earnings.…
In 2010, analysts at Morgan Stanley produced a “best case” estimate of how much UK banks would have to repay customers who were mis-sold payment protection insurance. They came up…
Pfizer pledged a further $10bn in share buybacks, funded by continuing divestments, as it trimmed full-year guidance and unveiled third-quarter net income down 14 per cent to $3.2bn after patent…
Avon’s mascara is running; it has lipstick smeared on its teeth; its nail polish is, frankly, a disaster. Could there really be a beauty under there? Nothing in the third-quarter…
Ebay is to make a renewed push into China via a partnership with xiu.com, a local online retailer of luxury goods. The US group plans to focus on importing high-end…
The impact of hurricane Sandy is likely to distort spending patterns on the US east coast as the end-of-year shopping season begins, analysts said, while retailers reported better-than-forecast sales growth…
US oil prices rose on Thursday after the release of positive economic data, while an unexpected fall in American crude inventories also supported the market. Oil followed equity markets as…