Archive for the ‘Companies’ Category

ANZ Bank annual profit jumps 53 percent to $4.4B (AP)

AP - ANZ Banking Group Ltd., one of Australia's four dominant lenders, on Thursday posted a better-than-expected 53 percent jump in annual profit to 4.5 billion Australian dollars ($4.4 billion) as bad debt costs diminished. Full story

Sony results to show shift back to growth (AP)

AP - Japanese electronics and entertainment company Sony Corp. reports first-half earnings on Friday. The following is a summary of key developments and analyst opinion related to the period. Full story

Visa 4Q profit up 51 percent as card use rises (AP)

AP - Visa Inc. on Wednesday said that its fiscal fourth-quarter profit rose 51 percent, as consumers carrying cards with its brand used them more, and it collected more fees for processing transactions. Full story

Visa profit rises 51 percent, but regulations weigh (Reuters)

Reuters - Visa Inc reported an increase in quarterly profit of more than 50 percent, but the company's shares fell because of regulatory concerns and its failure to outpace Wall Street estimates as much as investors had come to expect. Full story

Summary Box: Las Vegas Sands 3Q (AP)

AP - RECORD REVENUE: Casino operator Las Vegas Sands Corp. said Wednesday that it took in $1.91 billion in revenue worldwide, more than half in China and just 15 percent in Las Vegas. Full story

Allstate’s profit surges as investments improve (AP)

AP - Auto and home insurer Allstate Corp. said Wednesday that its net income surged 66 percent in the third quarter as investment losses eased. Full story

Las Vegas Sands reports 3Q earns of $168 million (AP)

AP - Casino operator Las Vegas Sands Corp. said Wednesday it earned $168 million during the third quarter on a record $1.91 billion in revenue, with help from strong business in China and a new casino in Singapore. Full story

Summary Box: Allstate profit surges in 3Q (AP)

AP - THE BOTTOM LINE: Home and auto insurer Allstate Corp. said Wednesday that its profit surged 66 percent in the third quarter. Full story

Norfolk Southern 3Q profit soars as shipments rise (AP)

AP - Norfolk Southern Corp. on Wednesday predicted the economy will continue to improve slowly through next year, and its profit should rise as it controls costs and raises prices. Full story

P&G increasing sales with big brands, new products (AP)

AP - Procter & Gamble Co. is slowly luring back budget-battered consumers to its big brands, while attracting new buyers around the globe by getting more products into emerging markets such as India and China. Full story
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