Reporting its 2013 third-quarter financial earnings on Tuesday, fourth-ranking US carrier T-Mobile said that its loss for the third quarter this year had narrowed from the `same quarter last year' loss; thanks largely to an increase in revenue and addition of more subscribers.
Toyota raised its profit outlook on Wednesday, after currency fluctuations and cost-cutting efforts helped the world's largest automaker surge its profit to 70%. Net profit of Toyota between July and September rose to 438.4 billion yen from 257.9 billion yen a year earlier.
On Wednesday, the British bank Barclays revealed that its profit increased to 728 million pounds ($1.2 billion) in the third quarter. Barclays also emerged out to be the latest bank to admit that it had received inquiries from supervisors who were looking into the probable manipulation of foreign exchange.
Nokia published its 2013 third-quarter earnings report on Tuesday, disclosing an increase in the demand for its Lumia handsets. Though the quarterly results released by Nokia were not quite inspiring on the whole, the company still reported record sales of Windows Phone handsets, thanks chiefly to its low-cost models.
According to the revelations of a recent report, the profit of Deutsche Bank AG has seen a fall in the third quarter by 94%.
An amount of 1.2 billion euros was put to one side so that expected legal costs could be covered. But, the huge decline in the revenues followed the same. Besides, proceeds from debt trading also faced a plunge.
On Tuesday, the giant Bank in Switzerland, UBS, announced that requests for information about its foreign exchange business had been received by it from Swiss regulators.
The United States and other regions also made such requests. Thus, the bank now has been making efforts to cooperate with these investigations.
Caterpillar Inc (CAT. N) is an Illinois-based company, which has been forced to post the products at a cost lower than the expected profit. The full year forecast was already set by the company, but the company's bad decision on the global commodity also forced them to cut that forecast.
Wells Fargo & Co. is the major private company in the Des Moines area. The company has reported record earnings of $5.58 billion, or 99 cents per share. This was recorded in the third quarter. The company thanks partially to savings from cost-cutting and a lower level of loan loss funds.
The Target Corporation, an American retailing company, has announced lately that it has experienced a terrible quarter this time. It said that Canada was to blame for the same.
Overall results have deteriorated due to missing out on expectations by its expansion, five month back, into Canada.
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