Nokia Loss Widens as Smartphone Sales Slump
Embattled Finnish mobile handset maker Nokia Corp. (NOK) extended its heavy losses Thursday as shipments of its new line of Lumia brand phones failed to make up for slumping sales of its older models against a backdrop of intensifying competition from the likes of Apples Inc. (AAPL) and Samsung
BB&T 2nd-Quarter Net Up 66% on Smaller Credit Provision, Higher Revenue
BB&T Corp.'s (BBT) second-quarter earnings soared 66% as the lender booked a smaller provision for credit losses and higher revenue.
Chevron, Reliance Sign Preliminary Kurdistan Oil Deal -Sources
Chevron Corp. (CVX) has signed a preliminary deal with Indian conglomerate Reliance Industries Ltd. (500325.BY) that would see the U.S. company take stakes in two oil exploration blocks in the Kurdish region of Iraq, two people familiar with the matter told Dow Jones Newswires Thursday.
UnitedHealth 2nd-Quarter Net Rises 5.5%, Boosts Year Earnings View
UnitedHealth Group Inc.'s (UNH) second-quarter earnings rose 5.5% as the health insurer's revenue improved at its UnitedHealthcare insurance business and Optum, its information- and technology-based health-services business.
India Secretary: HSBC Money-Laundering Issue a Regulatory Matter
The alleged involvement of the Indian operations of British banking giant HSBC Holdings Plc (HBC) in money-laundering activities is a regulatory matter under the purview of the Indian central bank, Financial Services Secretary D.K.
SCA Completes Buy Of Georgia-Pacific's European Tissue Business
Swedish paper and hygiene products manufacturer Svenska Cellulosa AB (SCA-B.SK), or SCA, Thursday said its acquisition of Georgia-Pacific's European tissue business has been completed, as it posted a second-quarter net profit in line with views.
Deutsche Bank To Cut up to 1,000 IB Jobs
Germany's Deutsche Bank AG (DB) aims to shed 900 to 1,000 investment banking staff in response to weak market conditions, two people familiar with the matter told Dow Jones Newswires Thursday.
RBS to Stop Submitting Reference Rates to Hong Kong Interbank Rate Panel - Sources
The Royal Bank of Scotland Group PLC (RBS.LN) plans to stop submitting reference rates to the Hong Kong-dollar interbank lending panel, following its decision to withdraw from interbank rate-setting mechanisms in Singapore and Japan, people familiar with the situation said Thursday.
Krung Thai Bank 2Q Net Profit up 40.1% On Year at THB7.34 Billion
Krung Thai Bank PCL (KTB.TH) said Thursday its second-quarter net profit rose 40.1% from a year earlier due to higher net interest and fee and service income.