Wipro April-June Net Profit Up 18%; Outlook Weak
Wipro Ltd. (507685.BY) Tuesday reported a lower-than-expected rise in its quarterly net profit, and echoed rival Infosys Ltd.'s forecast of weak outsourcing business demand in another sign of the global economic slowdown's impact on India's software companies.
Air Products & Chemicals 3rd Quarter Net Up 48% Despite Revenue Decline
Air Products & Chemicals Inc.'s (APD) fiscal third-quarter earnings surged 48% as the industrial gas company booked business sale and acquisition-related gains, though revenue declined.
Eurozone Private Sector Continues Struggling, Survey Shows
Business surveys released on Tuesday showed the eurozone private sector is still slowing at a quick gate, while China's contraction appears to be moderating.
DuPont Net Down 3.2% amid Lower Volume
DuPont Co.'s (DD) second-quarter profit slid 3.2% as the chemical giant's higher sales were offset by lower volume and currency headwinds.
Brazil's Itau-Unibanco 2nd-Quarter Profit BRL3.3 Billion
Brazil's second-largest bank by assets, Itau Unibanco Holding SA (ITUB, ITUB3.BR, ITUB4.BR), said Tuesday that its second-quarter profit fell as expenses with provisions increased in the period.
DuPont 2Q EPS Edges Out Street View
DuPont, the blue-chip materials maker, revealed a quarterly EPS that came in slightly better than expectations, but said its 2012 profit will fall at the low end of its forecast.
Lupin First-Quarter Net Profit Jumps 33%; US Sales Boost
Indian generic-drug maker Lupin Ltd. (500257.BY) Tuesday posted a 33% jump in net profit for the fiscal first quarter, driven primarily by strong growth in its U.S. sales.
DuPont 2nd Quarter Net Down 3.2% Amid Lower Volume, Currency Headwinds
DuPont Co.'s (DD) second-quarter profit slid 3.2% as the chemicals giant's higher sales were offset by lower volume and currency headwinds.
Chevron Barred From Deals In Central, Southern Iraq - Oil Ministry
U.S. second largest energy company Chevron Corp. (CVX) will be barred from contracts in the middle and southern Iraq because of the Californian company bought stakes in two oil-exploration blocks in the Kurdish region of Iraq, an Iraqi oil ministry statement said Tuesday.
BofA Near $8.5 Billion Mortgage Settlement
Bank of America Corp. (BAC) edged closer to a $8.5 billion mortgage bonds settlement after a Boston-based hedge fund withdrew its objection, the Financial Times reported late Monday.