Foxconn in Talks for China Display Plant

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Foxconn, Apple’s major assembler, is in early talks with a provincial government in China for an investment of up to $5.7 billion in a new factory that would make high-end screens for iPhones and other mobile devices.

Unilever Flags Tough Outlook

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Unilever warned of a challenging outlook and struck a gloomy tone after reporting worsening sales, raising fears of a broad economic slowdown across emerging markets.

Logitech Profit More Than Doubles

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Logitech said its net profit in the second quarter more than doubled, a further sign the computer-accessories maker’s turnaround is gathering steam.

Rio's CEO, CFO Terms Extended

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Rio Tinto PLC extended the tenure of chief executive Sam Walsh, rewarding him for restoring capital discipline to the iron-ore miner after a run of hefty write-downs from soured acquisitions.

Tesco Chairman to Step Down

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Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.

Nokia Returns to Profit

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Nokia gave a more bullish full-year financial outlook after swinging back to profit in the third quarter partly because of a 13% rise in revenue as the Finnish company deployed high-speed mobile networks in North America and China.

Orange Hit by Tough Competition

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Orange 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.

Daimler Profit Soars

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German auto maker Daimler reported a sharp increase in third-quarter earnings on strong demand for its flagship S-class sedans and robust growth in Europe, Asia and the U.S.

Hyundai Motor Profits Tumble

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Hyundai Motor third-quarter net profit fell 28%, hurt by a stronger local currency, work stoppages and weak sales of its new flagship sedan.

Pernod Ricard Sales Rise

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French drinks maker Pernod Ricard said sales grew 1% in the first-quarter as the group continues to fight against a slump in demand in China.

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