RBS Confirms it Fired Staff Over Libor Scandal
The state-controlled bank confirmed it dismissed employees for misconduct as a result of its investigations into the Libor interest rate rigging scandal.
Agrium 2Q Profit Up 20% On Strong Demand; Plans Issuer Bid
Agrium Inc. (AGU) said late Thursday that second-quarter earnings were up 20% to a record level, as sales benefited from strong demand for all crop input products and services.
Mercedes Reports First Drop in Monthly Car Sales in 2012
Sales for the luxury brand fell 3.1% to 97,327 in July suggesting a broader economic slowdown in major markets like China and Germany.
Procter & Gamble 4th Quarter Net Rises 45% on Gain; Gives Downbeat 1Q View
Procter & Gamble Co.'s (PG) fiscal fourth-quarter earnings rose 45%, due to gains from selling its snacks unit, though the world's largest consumer-products company's sales declined and margins slipped.
Viacom Third Quarter Net Down 7% on Weak Revenue
Viacom Inc.'s (VIA, VIAB) fiscal third-quarter earnings fell 7% as the media company saw revenue from its media networks and filmed entertainment segments slump.
Sun TV April-June Net Profit Falls 13%; Cable Business Drags
Sun TV Network Ltd. (532733.BY) said Friday its first-quarter net profit fell 13%, dragged by a decline in revenue from its cable business in the southern Indian state of Tamil Nadu.
EARNINGS FORECAST TABLE: Nestle HY 2012
The following is a summary of analysts' forecasts for Nestle SA (NESN.VX) first-half-year results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million francs; EPS, dividend and target price in franc, growth in percent, according to IFRS).
United Continental, Pilots Reach Labor Accord
United Continental Holdings Inc., the Chicago parent of United Airlines, and the Air Line Pilots Association have reached a tentative agreement on a new labor contract.
German Regulator Urges Quick Progress in Power Grid Expansion
Germany urgently needs to speed the expansion and modernization of its power transmission networks to ensure it has enough electricity shipping capacity to absorb the rapid increase in power from renewable energies, the country's grid regulator said Friday.
Daimler's Mercedes Group July Sales Down 3.2% On Year
German car maker Daimler AG (DAI.XE) Friday said global sales at its core Mercedes-Benz Cars division fell 3.2% on the year in July with weak sales especially in Western Europe, but confirmed it is on track to achieve a new sales record this year.