Business

Swiss bank UBS in Hong Kong investigation for IPO work

Oct 28 Swiss bank UBS said on Friday it expected tough conditions to continue as it posted a drop in third-quarter net profit. The fall was particularly steep because the year-ago numbers benefited from a net tax benefit of 1.3 billion francs.

Business

Lufthansa cancels 100s of flights at budget unit Eurowings

Eurowings spokesman Heinz Joachim Schoettes criticized the strike as a "disproportionate" measure, saying the two sides had disagreed mainly about part-time contracts for a small number of staff. The cabin crew representatives have asked the affected passengers for their understanding and warned of further industrial action should the labour dispute remain unresolved.

Business

SIRIUS XM (SIRI) Meets Q3 Earnings Estimates

It reiterated its prognostication of $5 billion in revenue for the year. The share price of the stock plunged -42.27% for the year. Royal Bank Of Canada lifted their price objective on shares of Sirius XM Holdings from $4.25 to $4.75 and gave the stock a "sector perform" rating in a research report on Wednesday, July 27th.

Business

RBS slips to attributable loss in Q3; margin up

The biggest fallers in the FTSE 100 Index were Royal Bank of Scotland (-4.3p to 192.1p), Dixons Carphone (-6p to 309.6p), Admiral Group (-28p to 1897p), BP (-6.6p to 487p) and HSBC Holdings (-7.7p to 619.8p). Revenue was up slightly at £3.3 billion from. But that was flattered by proceeds from the sale of U.S. bank Citizens. RBS is required to offload Williams & Glyn under European state aid rules following the bank's bailout during the financial crisis.

Business

Iraqi forces say Mosul offensive on track

Before the offensive for Mosul was launched, Iraqi officials estimated that as many as 1.8 million civilians were still in the city. USA -led coalition airstrikes have destroyed 40 tunnels and more than 160 militant fighting positions since the Mosul operation began 10 days ago, Dorrian said.

Business

Oracle Corp. (ORCL) Given a $46.00 Price Target at Cowen and Company

Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. Oracle Corporation makes up approx 1.02% of Old Second National Bank Of Aurora's portfolio.Roffman Miller Associates Inc Pa reduced its stake in ORCL by selling 1,475 shares or 13.76% in the most recent quarter.