BUSINESS

Hertz says reviewing Avis' offer for Dollar Thrifty Posted July 29, 2010

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

Exxon profit tops Wall Street Posted July 29, 2010

Exxon Mobil CEO Tillerson

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

RadioShack quarterly profit rises, meets views Posted July 29, 2010

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

Motorola profit and revenue beat Wall Street view Posted July 29, 2010

Motorola's Droid X smart phone

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

Sanofi seeks Genzyme fix, Astra gets new drug lift Posted July 29, 2010

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

Thomson Reuters forecasts return to revenue growth Posted July 29, 2010

Thomson Reuters CEO Tom Glocer speaks at their annual general meeting for shareholders in Toronto

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

Sony surprises with return to profitability Posted July 29, 2010

A woman visits a Sony Corp showroom in Tokyo

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

Moody's reports higher second-quarter profit Posted July 29, 2010

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

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