The U.K. oil and gas major is chopping jobs, costs and investment. That looks like as much an image makeover, as a financial one.
The U.K. bank’s radical restructuring launched in February promises to build a big capital surplus.
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.
Sony has made great strides rationalizing costs and wooing back disillusioned investors. But color is still needed on how it plans to spend investors’ cash.
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.
The Federal Reserve kept rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year.
SodaStream, a pioneer in make-it-at-home soda, is recasting itself as a “sparkling water’’ dispenser as Americans cut back on soft drinks. It also is rushing to remake itself before Keurig launches its cold-drink machine.
German industrial conglomerate Siemens reported a slight decline in third-quarter net profit on slow growth in its power and gas division and a weak global economy.
As Facebook grows off a huge base, it is getting expensive.
Prices of molybdenum, an important ingredient used in steelmaking, have plummeted this year, but miners of the metal will find it difficult to limit supply.