Novartis posts profit gain thanks to new drugs
Swiss pharmaceutical company Novartis AG reported a 6.7 percent increase in profit for the first quarter Wednesday, boosted by new products and ...
US device will screen for fake medicines overseas
U.S. health officials are making a high-tech screening device available in Africa to help spot counterfeit malaria pills in hopes that the technology ...
Cost-cutting gives Credit Suisse a huge Q1 lift
Swiss bank Credit Suisse Group said Wednesday that its cost-cutting efforts helped it record a huge jump in first-quarter profits compared with a year ...
European recession hits major car makers
Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the ...
Barclays returns to profit in Q1
Barclays PLC on Wednesday reported a return to profit in the first quarter, as it tries to restructure and get past recent scandals. In the three ...
Renault 1st quarter sales slide on weak Europe
Renault says that sales of its cars slumped 12.6 percent in the first quarter as Europe's sliding economies hit automakers across the continent.
Russian protest leader: trial will show innocence
A prominent Russian opposition leader on trial for embezzlement told the court on Wednesday that he would prove his innocence to the public, if not ...
Nordea's profit up despite soft corporate sector
Nordea AB says first quarter net profit rose 3 percent to 796 million euros ($1 billion) compared to the same period a year ago despite slow activity ...
GSK: reforms on track as Q1 profit falls a quarter
Pharmaceutical company GlaxoSmithKline has reported a 26 percent drop in profits in the first quarter compared to a year ago, as it restructures its ...
Oil price near $90 on upbeat US company results
Crude prices rose Wednesday to near $90 a barrel as a string of positive corporate earnings and an improved U.S. housing report pointed to higher oil ...
VW earnings lower as Europe weighs on revenue
Volkswagen AG reaffirmed its full-year earnings outlook Wednesday even after it reported a 38 percent fall in first-quarter profit as sagging demand ...
Daimler profits slide in Q1 on European struggles
Daimler AG warned Wednesday that profits this year would be lower than last year's as it reported a 60 percent slide in first-quarter earnings amid ...
Peugeot Citroen blames Europe for Q1 sales slump
PSA Peugeot Citroen said Wednesday crumbling automobile markets across Europe lay behind a steep drop in its first quarter sales. The parent company ...
Heineken says full year sales growth not as strong
Heineken NV says its sales and profits rose in the first quarter, due to recent acquisitions. The Dutch brewer blamed austerity policies for weak ...
Lawyer: Inspectors clear US horse slaughterhouse
The attorney for a proposed horse slaughterhouse in southeastern New Mexico says a federal inspection Tuesday went well and the plant hopes to be in ...
Stora Enso posts Q1 loss amid falling paper demand
Nordic paper maker Stora Enso said Tuesday it slid to a first-quarter net loss of 16 million euros ($21 million) amid poor demand for its products, ...
Piraeus Bank shareholders approve recapitalization
Greece's second-largest lender, Piraeus Bank, says shareholders have approved a recapitalization plan that is intended to safeguard the bank's ...
Nuclear outages weigh on GDF Suez's Q1 revenues
Franco-Belgian utility GDF Suez says its revenue fell slightly in the first quarter of the year due to nuclear plant outages in Belgium and a loss of ...
SABMiller replaces CEO earlier than planned
SABMiller, the world's second-largest brewer, says it has made Alan Clark its chief executive three months earlier than planned because the previous ...
Survey: Firms still reluctant to make acquisitions
Companies around the world are still reluctant to go on the acquisition trail even though they are becoming more confident about the global economy, ...
Ireland's Elan rejects Royalty Pharma takeover bid
The board of Irish drugmaker Elan has unanimously rejected a takeover bid from Royalty Pharma, saying the U.S. investment company's offer of $11.
US high court to look at Daimler appeal
The Supreme Court says it will hear an appeal from automaker Daimler AG that seeks to shut down a U.S. lawsuit over allegations that its unit in ...
Google fined by German data protection agency
A German data protection agency fined Google Inc. 145,000 euros ($189,000) for illegally recording information from unsecured wireless networks — an ...
Lufthansa cancels about 1,700 flights amid strike
Ground staff at Lufthansa, Germany's biggest airline, walked off the job Monday on a one-day strike that prompted the company to cancel most of the ...
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