GO
Loading...

India

More

  • Oct 21- Online search and advertising company Yahoo Inc is in talks to buy digital video advertising service provider BrightRoll for around $700 million, tech blog TechCrunch reported. Term sheets have been signed and the price, if the deal is completed, looks likely to be in the region of $700 million- $725 million, the blog reported, without citing sources.

  • Oct 21- Apollo Education Group Inc said it expects new student enrollments at its flagship University of Phoenix to decline at a smaller rate in the coming year, offering hope that the worst is over for the beleagured U.S. for-profit education industry. Apollo's shares rose as much as 6 percent to their highest in over a month after the company said sign-ups at the...

  • Oct 21- Kleenex and Huggies maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as it focuses on emerging markets after the spinoff of its U.S.-based healthcare business. The company also cut its full-year profit forecast to reflect costs associated with the spinoff, while reporting better-than-expected quarterly revenue on strong demand in...

  • Oct 21- Dish Network has stopped carrying Turner Broadcasting's channels, including CNN, Cartoon Network and Adult Swim, as the companies failed to renew their distribution deal. Turner Broadcasting, a unit of Time Warner Inc, said on Tuesday it worked for months to come to an agreement with Dish and accused the satellite TV company of "operating in a disruptive...

  • Oct 21- Omnicom Group Inc said it was on track to exceed its full-year organic revenue growth target, thanks to increased advertising by U.S. businesses. Omnicom, whose $35 billion merger with France's Publicis Groupe SA was called off in May, forecast full-year organic revenue growth of around 4 percent in February. Omnicom's clients include Apple Inc,...

  • But offshore drillers such as Transocean Ltd are expected to post lackluster quarterly sales as new rigs ordered in boomtime hit the seas, creating overcapacity in an already crowded market. Revenue at Transocean, the second-biggest global offshore driller by market value, is expected to fall 15 percent- its steepest in three years- according to Thomson...

  • Sales at restaurants open at least 13 months, a closely watched gauge of performance, fell a steeper-than-expected 3.3 percent in the United States, where resurgent fast-food rivals and more upscale brands like Chipotle Mexican Grill are taking a bite out of market share. Europe, which just edges out the United States as McDonald's top revenue market, is...

  • GENEVA, Oct 21- World Trade Organization chief Roberto Azevedo will begin consulting with WTO ambassadors on Wednesday to try to work out how to pick up the pieces after global trade negotiations appeared to suffer a final defeat on Tuesday. Some diplomats had said the meeting was the final deadline for India to stop blocking a global agreement or they might...

  • Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world's largest restaurant chain said these factors were expected to hurt current-quarter results. McDonald's business in Europe, its biggest market, was hurt by issues in Russia and Germany.

  • UPDATE 1-Kimberly-Clark to cut up to 1,300 jobs Tuesday, 21 Oct 2014 | 9:04 AM ET

    Oct 21- Personal care products maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as part of a restructuring to contain costs arising from the spinoff of its healthcare business. Kimberly-Clark said it expects the restructuring, to be completed by the end of 2016, to cost $130 to $160 million after-tax and generate pre-tax savings of $120 to $140...

  • Oct 21- Magic Leap Inc, a startup focused on augmented reality technology, said it raised $542 million in a funding round led by Google Inc.. Investors in the latest round included Qualcomm Inc, the world's No.1 mobile phone chipmaker, Andreessen Horowitz, KKR and Legendary Entertainment. Sundar Pichai, senior vice president of Android, Chrome and Apps at Google,...

  • Oct 21- Dish Network has stopped carrying Turner Broadcasting's channels, including CNN, Cartoon Network and Adult Swim, as the companies failed to renew a distribution deal. Turner Broadcasting, a unit of Time Warner Inc, said on Tuesday it worked for months to come to an agreement with Dish and accused the satellite TV company of "operating in a disruptive manner".

  • UPDATE 1-U.S. ad spending boosts Omnicom third quarter Tuesday, 21 Oct 2014 | 8:29 AM ET

    Oct 21- Omnicom Group Inc, the No. 1 U.S. advertising company, reported quarterly revenue and profit above analysts' expectations, boosted by higher ad spending in the United States. Omnicom, whose merger with France's Publicis Groupe SA was aborted in May, said revenue rose 7.4 percent to $3.75 billion in the third quarter while ad revenue rose 12.5 percent.

  • Oct 21- Apollo Education Group Inc reported a 15 percent fall in quarterly revenue as it enrolled fewer students and warned revenue this quarter would be far lower than expected. Apollo forecast revenue of $720 million- $730 million for the first quarter ending Nov. 30, below the average forecast from analysts of $763.7 million, according to Thomson Reuters...

  • Oct 21- Omeros Corp said it suspended enrolment in a mid-stage study testing its experimental Huntington's drug as the company evaluates data from a concurrent trial in rats, sending its shares down 10 percent before the bell. The drug has been well tolerated in all human trials, Omeros said. The U.S. Food and Drug Administration has asked the company to further...

  • McDonald's quarterly profit falls 30 pct Tuesday, 21 Oct 2014 | 8:11 AM ET

    Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit, hurt by a food scandal in China and intense competition in the United States. The company's net income fell to $1.07 billion, or $1.09 per share, in the third quarter ended Sept. 30 from $1.52 billion, or $1.52 per share, a year earlier. Total revenue at the world's largest restaurant chain fell 4.6...

  • Oct 21- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses. Operating earnings of $2.61 per share in the third quarter ended Sept. 30 handily beat the average analyst estimate of $2.27, according to Thomson Reuters...

  • Oct 21- Personal care products maker Kimberly-Clark Corp reported a 3.4 percent rise in quarterly revenue, helped by strong sales in international markets such as Brazil, China, South Africa and Vietnam. The maker of Kleenex tissues and Huggies diapers said net income attributable to the company rose to $562 million, or $1.50 per share, in the quarter ended Sept....

  • Oct 21- U.S. for-profit education provider Apollo Education Group Inc reported a 15 percent fall in quarterly revenue as it enrolled fewer students. Revenue fell to $709.7 million in the quarter ended Aug. 31 from $836.4 million a year earlier. New degreed enrollment at the University of Phoenix, Apollo's flagship school, fell 5.9 percent to 38,600 students.

  • Oct 21- U.S. auto dealer Asbury Automotive Group Inc's quarterly profit jumped 43 percent as easier credit for customers helped the company sell more imported cars. Asbury sells new and used cars made by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp, among others. Asbury's net profit rose to $32.5 million, or $1.08 per share, in the...