Adidas Raises Earnings Forecast Amid Olympic Fever
Adidas AG (ADS.XE) Thursday lifted its full-year profit forecast as it bucked an otherwise weak sportswear sector to post strong second-quarter profit, with sales bolstered by its sponsorship of this summer's Olympic Games and Euro 2012 soccer competition.
SocGen CEO: To Give Long-Term Profit Guidance When More Visibility - Report
Societe Generale SA (GLE.FR) Chief executive Frederic Oudea said the French bank would detail its long-term profit guidance only when the lender has more visibility on the economic and regulatory fronts, according to an interview with French business daily Les Echos published Thursday.
Typhoon Saola Weakens After Pounding Taiwan, Killing Three
Debris flows, falling trees and objects have killed at least three people and injured a dozen in Taiwan as of Thursday, after Typhoon Saola swept across the island where financial markets, government offices, schools and most companies are closed due to attendant heavy rain and strong wind.
ING Reviews Strategic Options ING Direct Canada And UK
ING Group NV (INGA.AE) said Thursday is reviews the position and strategic options for ING Direct Canada and UK.
Competition Commission: Sky's Position Doesn't Hit Pay-TV Competition
The U.K. Competition Commission, or CC, said Thursday that Sky's position in relation to the acquisition and distribution of movies in the first pay window doesn't adversely affect competition in the pay-TV retail market, although it believes competition in the pay-TV retail market overall remains
Polish BRE Bank's Net Profit Up 20%, Beats Expectations
Poland's BRE Bank SA (BRE.WA), the country's No. 3 bank by assets, said Thursday that net profit rose 20% on the year in first six months of the year due to stronger net interest income and smaller than expected provisions. BRE Bank, a unit of Germany's Commerzbank AG (CBK.XE), posted net profit of
UK Mulls Nationalizing Royal Bank of Scotland - Report
Senior U.K. government ministers are considering fully nationalizing Royal Bank of Scotland Group PLC (RBS), the Financial Times reports Thursday, without saying where it got the information.
WPP PLC Acquisition Agreement
TIDMWPP RNS Number : 1078J WPP PLC 02 August 2012 FOR IMMEDIATE RELEASE 2 August 2012 WPP PLC ("WPP") Possible Worldwide acquires majority stake in digital marketing services agency, Fortune Cookie WPP announces that its global operating network Possible Worldwide, the interactive marketing agency,
Malaysia Marine Net Profit Falls 30.8% In 2Q; Completed Turkmenistan Offshore Gas Project
Malaysia Marine & Heavy Engineering Holdings Bhd (5186.KU) said Thursday its net profit fell 30.8% in the second quarter, hurt by its engineering, construction and marine vessel conversion division.
Commonwealth Bank Of Australia To Issue First RMBS In 15 Months
Commonwealth Bank of Australia (CBA.AU) plans to sell A$750 million (US$786 million) of retail mortgage-backed securities, which would be its first issue of RMBS since April 2011.