Financial performance news and stories by mail.com

Financial performance

IAG, parent of BA, loses 630 million euros in 1Q
International Airlines Group, which owns British Airways and Iberia, says it is still struggling to integrate the Spanish airline into its operations ...
Hess to split roles of CEO and chairman
Hess Corp. will split the positions of CEO and chairman as it fights off a campaign by a major shareholder for a change in leadership at the New York ...
ArcelorMittal affirms 2013 targets despite Q1 loss
ArcelorMittal SA, the world's largest steelmaker, slumped to a first-quarter loss, even as the company's chief executive said restructuring efforts ...
Unicredit 1Q earns drop by half
Italy's largest bank, Unicredit, reports net profit dropped by half in the first quarter of 2013 due to lower interest and trading income. The bank ...
Panasonic reports big loss but forecasts profit
Japanese consumer electronics giant Panasonic Corp. on Friday reported a near-record net loss of 754 billion yen ($7.5 billion) for the fiscal year ...
Record profit signals healthier Fannie Mae
Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March ...
Dish Network 1Q results miss expectations
The satellite TV broadcaster Dish Network fell short of Wall Street expectations for the first quarter and shares slid to a three-week low Thursday.
Emirates reports 52 percent jump in profits
The Dubai-based Emirates airline says its annual net profit rose by 52 percent as the carrier's fast growth outpaced rising fuel costs. Emirates said ...
China's April auto sales rise 13 percent
China's auto sales rose 13 percent in April despite concern about a weak economic recovery and Japanese brands suffered less severe declines, an ...
Sony back in black on cheap yen, healthier sales
Sony Corp. is back in the black for its fiscal fourth quarter, recording a 93.9 billion yen ($948 million) profit, with big help from a weaker yen ...
Increased output boosts profit at Spain's Repsol
Spanish oil and gas company Repsol says its first quarter net profit rose 1.6 percent thanks to increased production and better refining margins.
News Corp 3Q beats Street on pay TV, 'Pi'
News Corp. beat Wall Street's forecast for the January-March quarter, helped by growing revenue from pay TV networks including Fox News Channel and ...
Wendy's loses share in value menu category
Wendy's is trying to reinvent itself as a purveyor of relatively higher-quality fast food. The problem is that its competitors are aggressively ...
Dow average gains, holds on to 15,000 level
The Dow Jones industrial average rose, closing above 15,000 for a second day after breaching the landmark level for the first time Tuesday.
Freddie Mac posts $4.6B net income for Q1
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market. The government-controlled company has ...
T-Mobile US sells 500,000 iPhones in a month
T-Mobile US Inc., the last of the major U.S. carriers to start carrying iPhones, is selling them at a brisk pace, it reported Wednesday. T-Mobile US, ...
AOL shares tumble on weak 1Q results
AOL Inc. said Wednesday that its first-quarter net income jumped 23 percent, helped by an increase in global advertising revenue. But its adjusted ...
German utility E.ON's profits rise on asset sales
German utility company E.ON SE says net income rose 25 percent in the first quarter thanks to the sale of several businesses. The company's profits ...
Toyota profit more than doubles on yen, cost cuts
Toyota's quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add ...
ING first quarter earnings rise on asset sales
Dutch financial company ING Groep NV reported Wednesday that its first-quarter earnings rose as it sold businesses and improved profit margins at its ...
Insurer Aegon first quarter profits drop
Aegon NV, the Dutch insurer that does most of its business in the United States under the Transamerica brand, says first quarter profits fell sharply ...
China's struggling automakers jump on SUV boom
BYD is known for electric cars but this year's flagship model is the S7, a gasoline-powered SUV. It comes with an interior air purifier, radar to help ...
New stock market milestone: Dow 15,000
The Dow Jones industrial average punched through another milestone Tuesday, closing above 15,000 for the first time just two months after recovering ...
Disney 2Q results beat Street; shares rise
Revenue gains at Disney's parks and movie studio led to a 32 percent increase in net income during the January-March quarter. The results, which ...
Lower bad loans give HSBC a big Q1 profit boost
HSBC PLC, Europe's biggest bank by market value, saw its profits more than double in the first quarter as it booked fewer bad loans than in the same ...