UBS Profit Nearly Doubles
UBS said first-quarter profit nearly doubled from the same
period last year on gains at its core wealth management business
and a strong bump from its pared-down investment bank.
Lafarge and Holcim to Sell U.S., Canadian Assets
French cement giant Lafarge and Swiss rival Holcim have agreed
to sell several plants, terminals and a quarry in the U.S. and
Canada, clearing the way for their proposed merger.
Lufthansa Returns to Profit
Lufthansa said it swung to a net profit in the first-quarter,
helped by a one-off boost from the early exchange of its JetBlue
convertible bonds.
Metro's Loss Widens
German retailer Metro said its net loss in the second quarter
widened because of an expected goodwill impairment and currency
fluctuations, but confirmed its outlook for this fiscal year.
Adidas Profit Surges
Adidas said that first-quarter net profit surged following the
improved performance of its Adidas and Reebok brands, with sales
growth in almost all of its regions.
Cisco Joins Race to Boost Internet Speeds
The networking-equipment giant on Tuesday plans to unveil some
long-awaited products crucial to regaining market share among cable
companies.