Michelin reported EUR 5.4 billion in revenue for the third quarter (it only reports full financial results every six months),…
On Wednesday, Barclays announced that it had hired Hector Sants as head of the bank’s new compliance and government relations team, a position that had not previously existed.
Analysts were pleased with this news, as it may mean that Barclays is finally going to take compliance more seriously and, in doing so, will avoid the hefty regulatory fines and reputational damage that have plagued it in recent years. Sants certainly is qualified–he served as chief executive of the Financial Services Authority until June– and Barclays has set up a structure that should give him some real power.
In a move to retreat from the U.S. market, Aviva is selling its U.S. life and annuities business to Athene…
Vodafone reported weak first fiscal half revenue due to currency issues. The firm’s reported revenue declined 7.4% year over year…
Bayer reported strong third-quarter results that exceeded consensus expectations as well as our own for top-line growth as all divisions…
Renewable Energy Corporation’s third quarter results were unsurprisingly awful. Solar-related manufacturing remains severely distressed, and REC’s module business remains fundamentally noncompetitive,…
At its recent investor seminar Rio Tinto warned of an uncertain and volatile short-term outlook, nothing new there, though with an expected fourth-quarter pick-up in Chinese fixed-asset investment. Longer term, Rio remains bullish on global commodity consumption with China remaining the key driver until at least the mid-2020s.
BMW continued its winning ways with record volume, consolidated revenue, and consolidated earnings for the third quarter, reporting earnings per…
ASM International reported mixed third-quarter results as the firm is feeling the effects of a cyclical slowdown in the chip…
Ericsson reported a mediocre third-quarter result on Thursday. For the quarter, sales decreased 2% year over year to SEK 54.6…
Volkswagen subsidiary Volkswagen International Finance N.V. is in the market with a benchmark three- and five-year bond offering. Volkswagen Finance…
Eaton is finally in the market with its long-awaited benchmark-sized bond offering to help fund the acquisition of Cooper Industries.…