US Business News

Time Warner Profit Falls, Despite Strong Subscriber Growth

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Time Warner Cable said profit fell 7.2% in its latest quarter, as higher programming costs and a pension expense offset higher revenue and subscriber growth.

Nokia, Alcatel-Lucent Shares Soar on Profit News

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Nokia recorded a net profit for the second quarter, while Alcatel, which the Finnish company is acquiring, saw its first quarter of positive free cash flow since 2006.

Renault Shares Plunge Despite Strong Results

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French car maker Renault reported an 86% rise in net income as strong European demand and an increase in sales to its partner auto makers boosted revenue, but investors punished the company for failing to do even better.

AstraZeneca Boosted by Licensing Deals

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AstraZeneca reported an increase in second-quarter revenue, driven by income from licensing deals, though profit continued to fall as the company plowed heavy investment into new drugs it hopes will replace its old blockbusters.

AB InBev Profits Fall on Lower U.S., Brazil Sales

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Anheuser-Busch InBev said its net profit fell in the second quarter, missing analysts’ expectations as weakness in the U.S., Europe and Brazil weighed on sales.

Nokia Shares Soar as Profit Beats Forecasts

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Nokia reported a better-than-expected second-quarter profit boosted by significantly higher software sales, which offset challenging market conditions.

Rolls-Royce CEO Pledges to Speed Turnaround Efforts

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Rolls-Royce Chief Executive Warren East is promising to inject a greater sense of urgency into the British engine maker’s turnaround effort as the company reported a fall in sales and profit.

Diageo's Operating Profit Edges Down

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Diageo reported lower operating profit for the year as the world’s largest spirits maker was hit by weaker sales in its key North America business.

Sanofi Buoyed by Biotech and Lower Costs

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Sanofi reported a 68% jump in second-quarter net profit, buoyed by its biotech business and lower costs.

Siemens Hit by Weaker Energy Business

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German industrial conglomerate Siemens reported a slight decline in quarterly profit, held back by weak growth at its power and gas division as it continues to be squeezed by low global oil prices.

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