T-Mobile USA on Thursday reported its financial results for the second quarter. The company's experimentation with a number of new plan options and hardware subsidy models hasn't done much to keep customers on board, but the carrier did manage to inc... [Full Article]
Insurer Aviva said Thursday that it fell into a net loss in the first half, hit by restructuring costs, adverse foreign exchange movements and bad weather. (Source: AFP)... [Full Article]
(Reuters) - Warren Buffett's ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results. Buffett eschews derivatives for the most part, but he d... [Full Article]
India's only listed microlender, SKS Microfinance, on Friday said its losses in the fiscal first quarter narrowed sharply on the back of a drop in bad debt provisions and loan write-offs. (Source: AFP)... [Full Article]
Royal Bank of Scotland's net losses narrowed in the second quarter, the state-rescued lender said Friday as it awaited the financial consequences of its role in the Libor rate-rigging scandal. (Source: AFP)... [Full Article]
(Reuters) - The software glitch that cost Knight Capital Group $440 million in just 45 minutes reveals the deep fault lines in stock markets that are increasingly dominated by sophisticated high-speed trading systems. But Wall Street firms and regula... [Full Article]
Sony's red ink worsened in the April-June quarter and it lowered its full-year earnings forecast as it battles a strong yen and declining sales of liquid crystal display TVs and video game machines. (Source: Associated Press)... [Full Article]
Sony said Thursday its fiscal first-quarter net loss widened to 24.6 billion yen ($313.5 million) while it cut its profit forecast for the year as the struggling Japanese firm overhauls its business. (Source: AFP)... [Full Article]
NEW YORK (Reuters) - Facebook's disastrous May IPO took on a new dimension on Tuesday, as Swiss bank UBS said it lost more than $350 million on botched order execution and would take legal action against Nasdaq for the exchange's alleged fa... [Full Article]
NEW YORK (Reuters) - UBS's admission that it lost nearly $356 million on the botched Facebook IPO puts pressure on Nasdaq OMX Group Inc and raises questions about how quickly the exchange can put this problem behind it. In its quarterly earnings... [Full Article]