STOCKHOLM—Nokia Corp.’s quarterly earnings gave ample evidence that the company’s main network unit has moved well beyond several years of painful restructuring.
Dr Pepper Snapple Group raised its outlook for the year as it reported higher volumes in an increasingly tough market for soda makers.The results for the most recent quarter topped analysts’ expectations.
Bulgaria’s central bank is ready to let the country’s fourth-largest bank fail, requiring the government to top up a fund to compensate depositors after an audit found a 4.22 billion lev ($2.73 billion) hole in the troubled bank’s accounts.
Nigeria will send 506 medics to its West African neighbors stricken with Ebola, its Health Minister Khaliru Alhassan told reporters Thursday, an announcement that catapults the country into one of the biggest contributors of human talent ...
U.S. stock futures rose Thursday, boosted by strong third-quarter earnings from Caterpillar Inc. and other companies.Dow Jones Industrial Average futures rallied 124 points, or 0.8%, to 16549. S&P 500 futures gained 13 points, or 0.7%, ...
Business activity in the eurozone’s private sector picked up slightly in October, although firms cut their prices at the fastest pace since early 2010, making it more likely the European Central Bank will soon have to announce a third wave ...
LONDON—Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.
TOKYO—Japan has joined a small group of countries in which investors are in the unusual position of actually paying the government to lend it money—a situation brought on by ultra-easy monetary policies that have flipped bond investing on ...
WASHINGTON—The number of new claims for jobless benefits rose last week but remained near 14-year lows, the latest sign of an improving labor market.
Celgene Corp. said its third-quarter profit jumped 37%, again driven by sales growth of its key blood-cancer treatment.The Summit, N.J.-based company also bumped up its adjusted per-share earnings outlook for the year to a range of $3.65 to ...
Stronger-than-expected manufacturing and services data helped European stock indexes reverse early declines Thursday, despite lackluster earnings keeping a cap on investors’ optimism.
BEIJING—China’s Communist Party said Thursday that it planned to give its judicial system more authority and its citizens a bigger say in the lawmaking process, while stressing the importance of ensuring the party’s leading role in the ...
HONG KONG—Foxconn, the company that assembles the bulk of the world’s iPhones, is in preliminary talks to build a factory in northern China that would make high-end screens for the phones as well, in a sign of the company’s ambition to move ...
SHANGHAI—The maker of China’s top-selling sport-utility vehicle is suffering from falling profits and sales amid product delays and the country’s softening car market.
Several U.S. airlines posted stronger third-quarter profits and expressed bullish sentiments for the fourth quarter, based on falling fuel prices, strong holiday bookings, domestic capacity discipline and a slight easing of Ebola jitters.
TOKYO—Nissan Motor Co. on Thursday expanded its recall of cars equipped with potentially defective air bags from Takata Corp., saying it was calling back an additional 260,000 vehicles world-wide.
*Raytheon on Track to Resume Growth in 2016 or 2017 --Exec*Raytheon CFO: Contract Protests Becoming the Norm*Raytheon CFO: Expanding Ties with Overseas Customers
3M Co. reported a 6% increase in profit in its third quarter, driven by sales growth of items including water purification systems and industrial adhesives and tapes.
Union Pacific Corp. said its third-quarter earnings rose 19% benefiting from rail freight that has buoyed the sector, as well as core pricing increases.
KKR & Co. said third-quarter profit fell sharply, as the private-equity firm’s cash haul from deal profits declined.The New York company reported a third-quarter profit of $89.9 million, or 20 cents a share, down from $204.7 million ...
General Motors Co. reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.
Canadian lawmakers prepared to return to work Thursday, a day after a gunman fatally shot a soldier in the country’s capital city in what the prime minister described as a terror attack.
Bond kingpin Bill Gross’s new home, Janus Capital Group Inc., said its profit rose 25% as its revenue and assets under management in the most-recent quarter grew compared with last year’s period.
Mead Johnson Nutrition Co. said its third-quarter profit rose 9.5%, slightly beating expectations, despite being hurt by foreign-exchange rates that brought down revenue 3% and higher dairy costs.
LONDON—U.K. retailer Tesco PLC said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had also occurred in prior periods.
Quest Diagnostics Inc. said its third-quarter revenue rose slightly more than expected, driven by acquisitions and higher diagnostic information services sales.
BEIJING—Apple Inc. plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, Chief Executive Tim Cook said Thursday.
PulteGroup Inc. said on Thursday that the improving economy and higher average selling prices help drive third-quarter results that were in line with Wall Street expectations.
Dunkin’ Brands Group Inc. said strong sales of iced coffee and pumpkin-flavored donuts helped drive third-quarter sales growth, but the restaurant chain operator warned that it may have trouble reaching its sales targets for the year.
In a letter to a friend, the manager of a Florida urology practice worried in 2010 that her company would attract federal scrutiny for its frequent use of an expensive bladder-cancer test.
T. Rowe Price Group Inc. said its profit jumped 12% as revenue grew on a surge in fees.Earnings fell shy of analysts’ expectations, while the revenue was in line.
HONG KONG—A Hong Kong official said the government for now won’t attempt to clear areas that have been occupied by protesters for weeks, but didn’t rule out a tougher approach to end the impasse eventually.
RIO DE JANEIRO—Brazilian mining major Vale SA, the world’s biggest iron-ore producer, said Thursday its output of the key steelmaking ingredient rose in the third quarter and is on track to set a record for the year despite plunging prices.
Occidental Petroleum Corp. said its third-quarter earnings fell 24%, weighed down by lower crude oil prices and market volatility.The company—which has been divesting assets to better focus its operations—closed the $1.4 billion sale of its ...
Caterpillar Inc. posted stronger-than-expected results for its third quarter as the heavy-machinery maker said restructuring and cost controls paid off in a tough economic environment.
Comcast Corp.’s third-quarter profit rose 50%, as the cable giant benefited from a one-time income-tax adjustment and a boost in earnings at its NBCUniversal entertainment arm.
Athletic-apparel maker Under Armour Inc. said its apparel and footwear sales shot up 29% in the latest quarter, helping drive a surge in revenue.
The European Parliament overwhelmingly approved extending a zero tariff regime for most Ukrainian exports to the bloc, allowing the system to remain in place through the end of next year.
Appetite for physical gold in India and China has returned, particularly as low prices lure buyers during India’s Diwali festival, the country’s biggest-gold buying occasion of the year.
Nielsen N.V. continued to see its revenue grow in the third quarter, helped by recent acquisitions and growth in emerging markets.Nielsen provides data ranging from what people watch on television to what they buy in stores. The company ...
Lazard Ltd. said its revenue jumped 18% in the latest quarter as its financial advisory and asset management businesses significantly improved their top lines.
American Electric Power Co. reported a smaller-than-expected increase in third-quarter revenue, weighed in part by a mild summer and accelerated spending.
Lorillard Inc., which is working toward merging with Reynolds American Inc., said its cigarette volume declined, although higher prices lifted revenue.
MILAN—UniCredit SpA Chief Executive Federico Ghizzoni said Thursday that the bank is inclined to enter exclusive talks with a partnership made up of real-estate group Prelios SpA and Fortess Investment Group LLC to sell its debt collection ...
China watchers should be thankful for the current undramatic state of affairs. Another bout of worry is always around the corner.The first signs of how the economy is doing in October show China’s sluggish but stable growth picture ...
Good morning,Yesterday’s fatal shooting of a soldier at Ottawa’s National War Memorial was a tragic glimpse for Canadians of the global reach of terrorism. The assailant was eventually killed inside the Parliament building. Our story ...
ROME—The European Commission asked Rome on Thursday for additional information on its 2015 budget, saying it plans a “significant deviation” from EU fiscal rules.
Eli Lilly & Co. said its sales and profit fell in the most recent period, reflecting patent expirations and generic competition.Lilly also said it expects a stronger U.S. dollar to weigh on results. As a result, the company lowered the ...
The prospect of plentiful crude oil stocks weighed on the market on Thursday, keeping prices in check after a turbulent week.Contracts on both sides of the Atlantic fell on Wednesday after U.S. crude stocks showed a “huge” build of 7.1 ...
NARA, Japan--Japan high-school pitching sensation Shota Tatsuta is picked in the professional draft by the Nippon-Ham Fighters, realizing his dream of turning pro.
A slump in oil prices and a surge in supply are tipping the scales in favor of buyers in Asia, who were once at the mercy of big energy exporters but are now benefiting from sweeter deals and discounts.
MADRID—Spain’s economy likely grew 0.5% in the third quarter from the second, the central bank said in its first official estimate of the quarter’s performance.
LONDON—Retail sales in the U.K. fell in September, a further sign that the country’s economy may be losing some momentum.The volume of retail sales fell 0.3% for the month compared with August, primarily to unseasonably warm weather putting ...
SÃO PAULO—A Brazilian court accepted the request made by MMX Sudeste Mineracao SA, a unit of Eike Batista-controlled mining company MMX Mineracao e Metalicos SA, for bankruptcy protection.
PARIS—French drinks maker Pernod Ricard SA is starting to see the light at the end of a long tunnel in China, as a slump in sales in the once-buoyant Chinese market eased.
ZURICH—Credit Suisse Group AG said Thursday its third-quarter profit more than doubled to 1.03 billion Swiss francs ($1.07 billion), as the Swiss bank continued streamlining its wealth management business and enjoyed a sharp increase in ...
MOSCOW—Russian investigators said on Thursday they had detained managers and controllers on duty at Moscow’s Vnukovo airport during Monday’s corporate-jet crash that killed Total SA chief Christophe de Margerie.
MOSCOW—Russian Internet company Mail.ru Group posted a 13% increase in third-quarter revenue on improved sales of its games and other web-based services.
LONDON—Anglo American PLC said on Thursday that its iron-ore production rose sharply in the third quarter, as the mining company joined its larger rivals in increasing output to grab market share even as prices fall.
The Web is full of personalized content, whether it’s a Netflix recommendation or the results of a Google search.But consumers have protested when e-commerce companies have extended their behind-the-scenes personalization to prices, ...
German aerospace supplier MTU Aero Engines AG raised its full-year sales and profit forecast on Thursday after its third-quarter earnings beat estimates as demand for commercial jetliners remains strong.
TOKYO—Concerns about a global slowdown may pour cold water on a foreign bond-buying spree by Japan’s life insurance companies.The life insurers have been piling into foreign debt so far this year despite their long-standing preference for ...
SYDNEY—Rio Tinto PLC extended the tenure of chief executive Sam Walsh, rewarding him for restoring capital discipline after a run of hefty write-downs from soured acquisitions.
Stocks in Japan and China slipped Thursday as investors assessed the latest read on Chinese manufacturing activity.The Hang Seng Index fell 0.3% to 23333.18 and the Shanghai Composite lost 1% to 2302.42 after HSBC’s preliminary report on ...
China plans to launch a $50 billion infrastructure lender Friday, a move aimed at challenging the hegemony of the U.S.-backed World Bank and Asian Development Bank in channeling capital to poorer nations in Asia.
KARACHI, Pakistan—Gunmen attacked a passenger bus carrying members of Pakistan’s Shiite minority Hazara community in the city of Quetta Thursday, killing at least eight people, local officials said.
SEOUL—Hyundai Motor Co.’s third-quarter net profit fell 28%, hurt by a stronger local currency, work stoppages by unionized employees and weak local sales of its new flagship Sonata sedan.
OSLO—Norway’s central bank Thursday held its benchmark interest rate unchanged, as expected, and left in place its earlier guidance that it didn’t expect to begin raising rates until 2016.
Publicis Groupe SA on Thursday cut its full-year sales outlook as the French advertising company is still feeling the pinch from the failed merger with Omnicom Group Inc.
ZURICH—Logitech International SA on Thursday said its net profit in the second quarter more than doubled, a further sign the computer-accessories maker’s turnaround is gathering steam.
PARIS—Orange SA on Thursday posted another drop in revenue and profit in its latest quarter as tough competition in some of the telecom group’s largest markets continued to weigh.
BEIJING—A closely watched gauge of activity in China’s manufacturing sector rose in October, a result which may go some way in easing concerns over the pace of Chinese economic growth.
STOCKHOLM—Sweden’s new finance minister on Thursday presented a proposed budget with a clear leaning to the left, signaling an intention to increase some taxes and raise spending on job creation programs, welfare and schools.
MOSCOW—The Russian ruble weakened to fresh all-time lows versus the euro-dollar basket in early trade on Thursday as oil prices again dipped lower.
Paul Procee is the program leader for urban, water, transport, and disaster risk management in China at the World Bank. He handles urban infrastructure projects across the country and is based in Beijing. Mr. Procee, who is originally from ...
KANSAS CITY, Mo.—Five San Francisco Giant pitchers. Five Kansas City Royal runs. In the space of one triumphant half-inning, the Royals reclaimed their swagger and stormed back into this World Series, winning game two 7-2 and knotting the ...
The autopsy report on Michael Brown, the teenager shot on Aug. 9 by an officer in Ferguson, Mo., shows he had a close-range hand wound.
A gunman fatally shot a soldier in Ottawa before being killed inside Parliament, in an incident that shut down the Canadian capital.Iraq’s Kurdish authorities approved the deployment of 150 soldiers to relieve fellow Kurds fighting Islamic ...
An air-bag recall is turning into a new safety crisis for the auto industry. Takata is being investigated to see whether the supplier misled U.S. regulators about safety.
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A historic church on Park Avenue is due to receive at least $24.7 million under a disputed plan to allow a developer to build a condominium tower on the site of its parish house, court records show.
Business & FinanceInvestors in emerging markets are cooling on stocks of companies that sell essential goods like food and drinks after a dizzying rally that has left those shares looking expensive.