Financial Performance

Pfizer 2Q profit surges, company sees drug rebates ending

Jul 31, 2018

Pfizer: Trump administration will try to eliminate drug price rebates to middlemen, helping patients, drugmakers

Ferragamo reports profit drop, names ex-Gucci exec as CEO

Jul 31, 2018

The Salvatore Ferragamo fashion house has named a former Gucci executive as CEO to relaunch the brand after reporting a 23 percent drop in first-half profits

BMW to build car plant in Hungary for 150,000 units a year

Jul 31, 2018

German automaker BMW says it will build a plant in eastern Hungary to manufacture up to 150,000 conventional and electric cars a year on a single production line

Nintendo reports jump in earnings thanks to Switch

Jul 31, 2018

Nintendo Co. says its quarterly profit jumped 44 percent in the fiscal first quarter thanks to increased sales of Nintendo Switch game titles

PlayStation game sales drive sharp rise in Sony profits

Jul 31, 2018

Sony Corp. says its profits nearly tripled in the latest quarter, boosted by a jump in PlayStation 4 software sales

Credit Suisse warns of impact of trade war, higher rates

Jul 31, 2018

Swiss bank Credit Suisse is warning that trade tensions and rising interest rates "are likely to trigger periods of heightened uncertainty through the remainder of 2018."

Honda profits jump on strong car and motorcycle sales

Jul 31, 2018

Honda Motor Co. says its profits jumped 17.8 percent in the latest quarter, driven by strong auto sales in North America and motorcycle sales in Asia

BP gets Q2 boost from higher oil prices; earnings quadruple

Jul 31, 2018

Energy giant BP says it is increasing its dividend for the first time in almost four years after second-quarter earnings quadrupled on higher oil prices and streamlined production

Samsung Electronics misses forecast on lower phone sales

Jul 31, 2018

Samsung Electronics Co. reports a lower-than-expected gain in the second-quarter earnings, indicating an end to its streak of record-breaking financial results as sales of smartphones and display panels slowed while memory chip profit stabilized

Caterpillar has a big second quarter, raises outlook again

Jul 30, 2018

Caterpillar easily beats 2nd-quarter expectations and raises its outlook for the year

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

Contact us: sales@thebudgetreport.com