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Earnings

Wendy's profit matches Street, shares up

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LOS ANGELES (Reuters) - Wendy's Co , the third-largest U.S. fast-food hamburger chain, reported quarterly profit from continuing operations that matched Wall Street's view on Thursday, and shares rose nearly 2 percent.

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Sara Lee volume falls, shares slide

NEW YORK (Reuters) - For Sara Lee Corp , raising prices too much still wasn't enough.

Brazil woes weigh on ThyssenKrupp in Q3

FRANKFURT (Reuters) - ThyssenKrupp , Germany's biggest steelmaker, posted third-quarter operating profit at the low end of expectations, with higher ramp-up costs for a new Brazilian plant eating into buoyant earnings at home.
2:33am EDT

Sky Deutschland Q2 loss beats estimates

FRANKFURT (Reuters) - German pay-TV broadcaster Sky Deutschland beat estimates with its core loss in the second quarter as more new customers signed up for its services than expected, and it said it saw positive trends continuing.
2:22am EDT

Enquest profit soars on high oil price, output jump

LONDON (Reuters) - British oil firm Enquest said profits soared 145 percent in the first half of 2011 buoyed by a higher oil price and on production which jumped 35 percent from the year-earlier period.
2:36am EDT

SMA Solar posts strong Q2 on foreign demand

FRANKFURT (Reuters) - Strong demand in overseas markets pushed Germany's SMA Solar , the world's largest maker of solar inverters, to forecast-busting second-quarter profit and confirmation of its ambitious outlook.
3:04am EDT

KGHM posts record profit, to raise forecast

WARSAW (Reuters) - Europe's No. 2 copper producer KGHM beat market expectations on Friday with a 57-percent rise in second-quarter net profit to a record high on the back of surging metal prices and dividends from non-core investments.
2:29am EDT

Renren posts small Q2 profit; Q3 view drags down stock

(Reuters) - Chinese social networking site Renren Inc posted a small quarterly profit as online advertisement segment rose, but forecast third-quarter revenue largely below market expectations, sending its shares down 8 percent in aftermarket trade.

Kohl's, Nordstrom expect higher profit, sales growth

NEW YORK (Reuters) - Mid-tier department store chain Kohl's Corp and upscale rival Nordstrom Inc both raised their profit forecasts for 2011 after each reported stronger than expected quarterly profit on Thursday.
11 Aug 2011

Kohl's sales, profit outlook upbeat

NEW YORK (Reuters) - Kohl's Corp raised its full-year profit forecast, saying its portfolio of merchandise that only it sells has protected its gross margin, and the retailer forecast further sales gains, sending its shares up nearly 9 percent late Thursday morning.
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BofA talks to Gulf funds to cut $17 billion CCB stake: sources

HONG KONG/DUBAI (Reuters) - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank , three sources with direct knowledge of the talks told Reuters.

U.S. stock futures slide but Europe seen firmer for now

SINGAPORE (Reuters) - U.S. stock futures slid 1 percent on Friday, pulling Asian shares off early highs, as sentiment remained cautious on concerns over the European debt crisis, which will probably keep supporting safe havens like gold and Swiss franc. | Video

Solar revenue to shrink as price drops outpace growth

LOS ANGELES (Reuters) - Solar industry revenue will shrink before it begins to rise again because dramatic price declines on solar panels will outweigh corresponding volume increases, according to a new report by Lux Research.

UK's Cameron under pressure over cuts after riots

LONDON (Reuters) - Prime Minister David Cameron risks his government's austerity drive, particularly its plans to cut police funding, becoming the focus of Britons' fears about the future after the worst looting and rioting in decades hit English cities this week. | Video

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