BANGALORE (Reuters) - Hertz Global Holdings Inc <HTZ.N> is reviewing Avis Budget Group Inc's <CAR.N> bid for Dollar Thrifty Automotive Group <DTG.N>, a company spokesperson told Reuters. "We have begun reviewing their bid which we learned about late yesterday afternoon. We would not respond until Dollar Thrifty ...More
HOUSTON (Reuters) - Exxon Mobil Corp <XOM.N> reported a better-than-expected second-quarter profit on Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose. Conditions in the refining sector have improved in recent months, with business and consumer demand for diesel and ...More
NEW YORK (Reuters) - RadioShack Corp <RSH.N> reported a higher quarterly profit as the consumer electronics chain benefited from higher postpaid wireless sales and the launch of key products like Apple's <AAPL.O> iPhone 4. The company, long speculated to be a takeover target, has shifted its focus to ...More
NEW YORK (Reuters) - Motorola Inc <MOT.N> posted quarterly earnings and revenue that beat Wall Street expectations driven by products such as mobile network equipment, sending its shares up 1 percent. While smartphone sales held no surprises, Avian Securities analyst Matthew Thornton said revenue beat his expectations at the networks ...More
LONDON (Reuters) - Hopes for a smart acquisition and a new heart drug overshadowed forecast-beating results from Sanofi-Aventis and AstraZeneca on Thursday, underscoring pressure on both companies to reinvent themselves. Sanofi is preparing a formal bid of up to $18.7 billion for U.S. biotech group Genzyme, although Chief Executive ...More
NEW YORK (Reuters) - Thomson Reuters Corp <TRI.TO> <TRI.N> forecast a return to revenue growth this quarter on stronger sales of its news and financial data terminals and sales of its new WestlawNext database for lawyers. The company, which reported lower than-expected quarterly profit and revenue, also reiterated its ...More
TOKYO (Reuters) - Sony Corp lifted its annual outlook and returned to profitability in the first quarter on booming demand for its Bravia flat TVs and PlayStation 3 game consoles. Rivals Panasonic Corp and Sharp Corp also reported profits for April-June versus losses a year ago, while Panasonic joined Sony in ...More
NEW YORK (Reuters) - Moody's Corp <MCO.N> reported a better-than-expected second-quarter profit as a pickup in debt issuance drove an increase in demand for its ratings, but it was cautious on its outlook for this business. The parent of ratings agency Moody's Investors Service said debt capital markets ...More
