ABB CEO Sees Encouraging Signs For Company In China
Industrial robot and power line builder ABB Ltd. (ABBN.VX) sees some signs of recovery in its China business, Chief Executive Joe Hogan said Thursday.
BASF 2Q Sales Beat Expectations; Net Profit Down on Year
BASF SE (BAS.XE), the world's largest chemicals company by sales, on Thursday confirmed its full-year outlook, despite a slump in net profit, after beating analysts' expectations for sales and earnings before interest and taxes in the second quarter due to a strong performance in its Agricultural
PKN Orlen Swings to Net Loss of PLN5.2 Million
Polish state-controlled refiner PKN Orlen SA (PKN.WA) swung to a PLN5.2 million zloty ($1.51 million) second-quarter loss Thursday compared with a net profit of PLN899 million a year ago as a downward revaluation of its oil reserves offset a period of fat margins.
Sanofi Second-Quarter Net Profit up 16% Boosted by Tax Effect
France's top drug maker Sanofi SA (SNY, SAN.FR) said Thursday it expected its earnings to fall this year, dented by the loss of patents on some of its blockbuster drugs, even as it posted a firm increase in second-quarter net profit, boosted by a tax effect.
Roche Gets FDA Clearance For Vitamin D Laboratory Test
Roche Holding AG (ROG.VX) Thursday said it received clearance from the U.S. Food and Drug Administration for a fully automated vitamin D test for use on cobas modular platforms, further expanding the company's bone metabolism test menu.
Siemens Orders, Profit Below Estimates; Says Guidance Ambitious
German industrial conglomerate Siemens AG (SI) on Thursday published a fiscal third-quarter order intake sharply below analysts' estimates and said it is becoming more difficult to achieve its full-year profit guidance.
Carlyle-Backed Coates Hire IPO to Raise Up to A$700 Million -Sources
Private equity firm Carlyle Group (CG) and Australia's Seven Group Holdings (SVW.AU) are seeking to raise up to A$700 million through an initial public offering of equipment-hire group Coates Hire, two people familiar with the matter said Thursday.
OIL DATA: India June Refined Oil Product Consumption Up 7.2% on Year -Government
India's consumption of refined oil products rose to 13 million metric tons in June, a 7.2% increase from 12.13 million tons in the same month a year earlier, government data showed Thursday.
Newcrest Output Sinks 15% in Gold's Record-breaking Year
Heavy rain and operational difficulties pushed Newcrest Mining Ltd.'s (NCM.AU) annual gold output 15% lower, keeping Australia's largest gold producer by market value from capitalizing fully on a year in which the precious metal's value climbed to record highs.
Correction to Chemical Tanker Fire Update
A fire that broke out on a small chemical tanker off the coast of Labuan island early Thursday impacted operations at a delivery plant at the giant methanol production facility owned by Petronas on the island, located off the western coast of Sabah province.