News Highlights: Top Equities Stories Of The Day
Source: Dow Jones News
Richemont Sales Helped by Weak Euro
Richemont reported a 3% rise in quarterly sales, as the weaker euro compensated for lower tourist numbers in Europe following November's terrorist attacks in Paris.
Hong Kong and Macau Drag Down Burberry Sales
Burberry Group reported flat same-store sales growth for its fiscal third quarter as the British fashion house continued to feel the impact of lower luxury spending in Hong Kong and Macau and said outerwear sales were affected by warm weather.
Volkswagen, EPA Remain at Impasse in Emissions Talks
Volkswagen and U.S. officials failed to announce a breakthrough in talks between the company's CEO and the head of the EPA, casting doubt over a quick resolution of the emissions-cheating scandal.
Porsche CEO Sees Stable Operating Profit in the Next Few Years
Porsche AG chief executive Oliver Blume said he expects operating profit in the next few years to remain stable at around the level of the past two years.
Goldman Plans to Cut Up to 10% of Fixed-Income Traders, Salespeople
Goldman Sachs is planning to cut up to 10% of its fixed-income traders and salespeople later this quarter, a steeper-than-usual pruning of the firm's least-productive employees.
Boeing, Union in Surprise Pact
Boeing Co. and its white-collar engineers' union said they reached a tentative agreement on a six-year contract extension, avoiding a potentially bruising fight.
Infosys Raises Revenue Forecast
The Indian outsourcer reported a strong increase in its fiscal third-quarter net profit, a sign it is weathering challenges posed by a new age of computing.
Mitsubishi UFJ to Acquire Stake in Philippine Lender
The deal for a 20% stake in Security Bank by the commercial banking arm of Japan's largest lender will further expand its presence in the newly created Southeast Asia free-trade area.
India Wholesale Prices Fall 0.73% in December
The pace of decline in India's wholesale price index slowed in December as costlier lentils and vegetables helped offset broader deflationary pressures, government data showed.
(END) Dow Jones Newswires
January 14, 2016 05:44 ET (10:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Source: Dow Jones News
Richemont Sales Helped by Weak Euro
Richemont reported a 3% rise in quarterly sales, as the weaker euro compensated for lower tourist numbers in Europe following November's terrorist attacks in Paris.
Hong Kong and Macau Drag Down Burberry Sales
Burberry Group reported flat same-store sales growth for its fiscal third quarter as the British fashion house continued to feel the impact of lower luxury spending in Hong Kong and Macau and said outerwear sales were affected by warm weather.
Volkswagen, EPA Remain at Impasse in Emissions Talks
Volkswagen and U.S. officials failed to announce a breakthrough in talks between the company's CEO and the head of the EPA, casting doubt over a quick resolution of the emissions-cheating scandal.
Porsche CEO Sees Stable Operating Profit in the Next Few Years
Porsche AG chief executive Oliver Blume said he expects operating profit in the next few years to remain stable at around the level of the past two years.
Goldman Plans to Cut Up to 10% of Fixed-Income Traders, Salespeople
Goldman Sachs is planning to cut up to 10% of its fixed-income traders and salespeople later this quarter, a steeper-than-usual pruning of the firm's least-productive employees.
Boeing, Union in Surprise Pact
Boeing Co. and its white-collar engineers' union said they reached a tentative agreement on a six-year contract extension, avoiding a potentially bruising fight.
Infosys Raises Revenue Forecast
The Indian outsourcer reported a strong increase in its fiscal third-quarter net profit, a sign it is weathering challenges posed by a new age of computing.
Mitsubishi UFJ to Acquire Stake in Philippine Lender
The deal for a 20% stake in Security Bank by the commercial banking arm of Japan's largest lender will further expand its presence in the newly created Southeast Asia free-trade area.
India Wholesale Prices Fall 0.73% in December
The pace of decline in India's wholesale price index slowed in December as costlier lentils and vegetables helped offset broader deflationary pressures, government data showed.
(END) Dow Jones Newswires
January 14, 2016 05:44 ET (10:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
