Spain’s ACS on Thursday posted a 17% rise in first-half net profit to 385 million euros ($429 million) buoyed by strong results in its construction businesses and a higher contribution from toll road unit Abertis.
Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business.
Gap Inc has turned to Richard Dickson, credited with turning around the Barbie brand at Mattel , to lead the struggling retailer’s revamp efforts after years of inconsistent sales and profits.
Evercore has hired veteran Morgan Stanley banker Seth Bergstein as a senior managing director to drive dealmaking in the global services sector, people familiar with the matter said on Wednesday.
AbbVie on Thursday raised its annual profit forecast after beating analysts’ estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments.
Chipotle Mexican Grill missed Wall Street estimates for quarterly sales on Wednesday as a pause in months-long price hikes hurt its top line, sending the company’s shares down nearly 9% in extended trading.
Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate up by 34 basis points from June to 3.93%, a report by credit rating agency KBRA said on Wednesday.
