German insurance giant Allianz reported first quarter results on Wednesday that were hit by hefty outflows from Pimco.
CAIRO, May 14- International telecoms firm Global Telecom Holding, the Egypt- based group formerly called Orascom Telecom, reported on Wednesday a net profit of $43 million for the first quarter of 2014.. Global Telecom's Executive President Ahmed Abou Doma will resign on June 30, 2014, the company added.
TOKYO, May 14- Japanese banks' profits are likely to fall this business year from last when stock-related gains sent earnings soaring, but the overseas reach of Mitsubishi UFJ Financial Group Inc will ensure the biggest lender by assets loses out the least.
Dieter Wemmer, CFO at Allianz, says he is not concerned about the outflows from Pimco and commends Bill Gross on his "professionalism".
Peter Harbison, Executive Chairman of the CAPA Centre for Aviation, says Airbus is finally starting to reap the benefits of its cost cutting measures.
David Rubenstein, Managing Director & Senior Analyst at Advanced Research Japan, is confident that the company's new chief financial officer will push through long-awaited reforms.
*Nikon hits lowest since March 2011 on profit decline f'cast. *Sony, megabanks' earnings eyed on Wednesday. TOKYO, May 14- Japan's Nikkei average edged down on Wednesday, slipping from a 1-1/ 2- week high on profit-taking after big gains the previous day, while Kadokawa Corp and Dwango Co soared on a media report that the two firms plan to merge.
Video game publisher Take-Two Interactive reported a 23 percent drop in revenue in its fiscal fourth quarter but beat Wall Street expectations.
May 13- Fashion accessory maker and retailer Fossil Group Inc reported an 8 percent fall in quarterly profit, as operating costs shot up. Operating expense rose to $338.5 million in the first quarter ended April 5 from $284.2 million a year earlier. Net income fell to $66.3 million, or $1.22 per share, from $72.2 million, or $1.21 per share, a year ago.
May 13- Encana Corp on Tuesday reported a higher-than-expected quarterly profit, much of which coming from a field it may put up for sale as it looks to cut its dependence on natural gas production.
CNBC's David Faber speaks to IBM chairman and CEO Ginni Rometty, about the company's commercialization and big investment in "Watson." Rometty explains how Watson will contribute to helping cure cancer.
*Airbus, ThyssenKrupp help industrial shares. Airbus Group surged 6.3 percent in a relief rally after it reported better-than-expected profits and said its latest jetliner was "progressing towards certification" in time for first delivery by the end of the year.
IBM chairman and CEO Ginni Rometty, discusses the company's plans for capex and why they have not invested more in R&D and made more big acquisitions.
CNBC's David Faber speaks to IBM chairman and CEO Ginni Rometty, about Big Blue's plans to reinvent itself and turnaround software sales.
IBM chairman and CEO Ginni Rometty, addresses investor concerns about the company's lack of growth and plans to increase revenue.
CNBC's David Faber speaks to IBM chairman and CEO Ginni Rometty, about the transformation of IBM and the company's investment in big-data and cloud computing.
The most powerful thing we have going on today is our plant-based food business, says Gregg Engles, WhiteWave CEO, discussing where he sees the best growth opportunities for products and a planned venture in China.
*Q1 EBITDA 937 mln DKK vs 814 mln average forecast. COPENHAGEN, May 13- Danish jeweller Pandora raised its annual revenue forecast after quarterly results beat analysts' estimates, providing further evidence its turnaround plan is working and sending its shares to an all-time high.
Some of the names on the move ahead of the open.
PARIS, May 13- European stocks rose on Tuesday, with a number of benchmarks hitting multi-year highs, boosted by upbeat company results and a report saying Germany's central bank is ready to back new stimulus measures from the European Central Bank.