By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - Commerzbank, Germany's second-largest lender, saw profits held back in the third quarter as interest income declined and costs rose from businesses the bank is leaving in order to strengthen its finances.
The bank said Thursday it
EWING, N.J. (AP) - Universal Display Corp. slid to a loss in the third quarter, as weaker materials sales and fees led to a sharp drop in revenue for the lighting-products maker. The company also scaled back its revenue outlook for the year.
The results fell well short of Wall Street's
By The Associated Press
A look at the newly elected U.S. senators from Tuesday's election:
Republican Jeff Flake, the congressman who won Arizona's open U.S. Senate seat, built his reputation on a fierce opposition to "earmarks," the special funding requests for roads, bridges
By KRISTEN WYATTAssociated Press
DENVER (AP) - First came marijuana as medicine. Now comes legal pot for the people.
Those who have argued for decades that legalizing and taxing weed would be better than a costly, failed U.S. drug war have their chance to prove it, as Colorado and Washington
By JOSHUA FREEDAP Business Writer
Boeing is shaking up its shrinking defense division, putting some executives into new roles and reducing the number of managers.
It's also disbanding its Missiles and Unmanned Airborne Systems division, spreading its work out among other Boeing units.
By ROMINA RUIZ-GOIRIENA and SONIA PEREZ-DIAZAssociated Press
SAN MARCOS, Guatemala (AP) - A 7.4-magnitude earthquake rocked Guatemala on Wednesday, killing at least 48 people in two states as it toppled thick adobe walls, shook huge landslides down onto highways, and sent terrified villagers
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - India's Tata Motors reported a 10 percent rise in quarterly net profit Wednesday, as the strong global performance of Jaguar Land Rover masked lackluster results from Tata's core brand.
Net profit was 21.0 billion rupees ($387
By ANICK JESDANUNAssociated Press
NEW YORK (AP) - Time Warner said Wednesday that its third-quarter earnings grew 2 percent, as a strong performance in its cable television channels offset declines in the Warner Bros. movie business following the final Harry Potter movie last summer.
AMSTERDAM (AP) - ING Groep NV, the Dutch bank and insurance company, revealed plans Wednesday to cut 2,350 jobs after a sharp drop in third-quarter profits.
ING, one of Europe's larger financial conglomerates by assets, said its net profit fell to €609 million ($783 million) from €1.69 billion