Coke Boosts Cost-Cutting Plan

Related Link: 

Coke unveiled a broader cost-cutting program and warned it doesn’t expect to meet its previous financial targets as the beverage giant again posted lackluster soda volume and struggled with currency headwinds.

Harley-Davidson Profit Slips

Related Link: 

Harley-Davidson Inc. posted lower earnings and revenue during the third quarter as motorcycle shipments declined as expected.

China Auto Sales Target Likely to Be Cut Again

Related Link: 

China’s government-backed auto industry association will likely further lower its projection for auto sales this year after domestic economic growth hit a five-year low in the third quarter.

Lockheed Forecasts Sales and Margins Drop in 2015

Related Link: 

Lockheed Martin reported a forecast-beating 1.7% rise in third quarter profit and raised its 2014 outlook, but forecast sales and margins will drop sequentially in 2015, even if lawmakers approve the Pentagon’s existing budget plan.

AbbVie, Shire Terminate Deal

Related Link: 

AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.

Actelion Boosted by New Drug

Related Link: 

Strong sales of a new drug helped push Actelion’s earnings higher in the third quarter, prompting Europe’s biggest biotech to upgrade its full-year guidance.

Akzo Nobel Lifted by Cost Cutting

Related Link: 

Akzo Nobel said third-quarter profit rose 32% driven by cost savings and lower restructuring and financing costs, adding that it was on track to meet its 2015 targets despite a fragile economy.

Adidas CEO Faced With Choice on Reebok

Related Link: 

Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.

Misery Widespread at Hedge Funds

Related Link: 

This month’s turmoil in financial markets has been a “bloodbath” for hedge funds, inflicting large losses at an array of multibillion-dollar firms in the industry’s worst stretch since late 2011.

Bargains Are Found in Russian Markets

Related Link: 

Investors are hunting for bargains in Russia’s battered financial markets, in a bet the country can ride out the pain of Western sanctions and plunging oil prices.

Syndicate content