Brazil Redecard 2Q Net Profit Up 20% on Year
Brazilian credit-card networking services provider Redecard SA (RDCD3.BR) said second-quarter net profit rose 20% year-on-year as a sluggish local economy failed to undercut credit-card use in Latin America's largest economy.
IBM Reports Higher Profits Despite Missing Revenue View
International Business Machines Corp. (IBM) boosted its guidance for full-year earnings, alleviating some worries about tech spending, even as its revenue fell short of expectations for the fourth-straight quarter amid "pretty significant" currency headwinds.
Indonesia Supreme Court Rejects Agency's Appeal Vs Pfizer
Special to Dow Jones Newswires JAKARTA--Indonesia's Supreme Court said Wednesday it has rejected an appeal filed by the country's antitrust agency on a case against Pfizer Inc. (PFE), its affiliates and an Indonesian company, affirming an earlier ruling by a district court.
Stryker 2Q Earnings Up Despite International Pressure
Stryker Corp.'s (SYK) second-quarter earnings rose 4.8% as the company absorbed some charges, while sales growth was hampered by unfavorable foreign-currency rates and softness in international orthopedic markets.
Yum Profit Rises on Taco Bell Strength in U.S.; China Growth Slows
Yum! Brands Inc. (YUM), which owns the Pizza Hut, KFC and Taco Bell fast-food chains, saw its profit rise 4.8% in the latest quarter, as improvements at Taco Bell boosted its U.S. business, which is becoming more important given the pullback in China's economic growth.