Novartis sees bright future for eye unit

Swiss pharmaceutical giant Novartis said Tuesday a strategic review of its eye care unit showed that Alcon can deliver strong growth, but that a possible spin-off or listing is at least two years away.

Daimler profits hit by costs of diesel emissions recall

German automaker Daimler said Friday that its net profit fell 16 percent in the third quarter as a voluntary recall to improve diesel emissions hurt earnings at its Mercedes-Benz luxury car brand.

Sony net profit soars in April-June quarter

Japanese electronics and entertainment giant Sony said Tuesday its net profit nearly quadrupled in the three months to June, backed by brisk sales of smartphone components and cameras and solid revenue from its game business.

India's TCS profits fall by 6 percent

India's largest IT services firm Tata Consultancy Services reported a nearly 6 percent fall in quarterly earnings Thursday owing to a strengthening rupee, the company said.

India's TCS records fourth quarter profit

India's biggest IT sourcing firm Tata Consultancy Services (TCS) reported a 4.2 percent increase in quarterly earnings on Tuesday, just missing analysts' estimates.

Digital publishing pays off for Axel Springer

German media group Axel Springer said Thursday its digital publishing empire would bring further increases in sales and profits in 2017, after meeting its forecasts last year.

Germany's BASF 'cautious' after challenging 2016

German chemicals giant BASF on Friday said it expected higher oil prices to push up earnings this year after a challenging 2016, when its main Ludwigshafen plant was hit by a deadly explosion.

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